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CONCENTRATION OF CREDIT RISK
 6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
CONCENTRATION OF CREDIT RISK

NOTE 8 — CONCENTRATION OF CREDIT RISK

 

Revenues

 

Two customers accounted for 85% of revenues for the three months ended June 30, 2025, as set forth below:

 

Concentration of credit risk     
Customer A   73%
Customer B - related party   12%

 

Six customers accounted for 90% of revenues for the three months ended June 30, 2024, as set forth below:

 

Customer A   25%
Customer B   15%
Customer C   14%
Customer D   14%
Customer E   11%
Customer F   11%

 

Three customers accounted for 71% of revenues for the six months ended June 30, 2025, as set forth below:

 

       
Customer A     46 %
Customer B     14 %
Customer C - related party     11 %

 

Two customers accounted for 67% of revenues for the six months ended June 30, 2024, as set forth below:

 

Customer A   56%
Customer B   11%

 

Accounts Receivable

 

Two customers accounted for 99% of the accounts receivable as of June 30, 2025, as set forth below:

 

       
Customer A     86 %
Customer B     13 %

 

Three customers accounted for 88% of accounts receivable at December 31, 2024.

 

         
Customer A     50 %
Customer B - related party     23 %
Customer C     15 %