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CUSTOMER CONCENTRATION
9 Months Ended
Sep. 30, 2025
CLOUD COMPUTING SERVICE CONTRACT  
CUSTOMER CONCENTRATION

NOTE 16. CUSTOMER CONCENTRATION

 

The Company had certain customers whose accounts receivable balances individually represented 10% or more of the Company’s accounts receivable, and whose sales for the three and nine months represented 10% or more of the Company’s revenue.

 

One customer accounted for 23% of net revenue for the three months ended September 30, 2025. Two customers accounted for 12% of net revenue for the three months ended September 30, 2024.

 

One customer accounted for 12% of net revenue for the nine months ended September 30, 2025. One customer accounted for 18% of net revenue for the nine months ended September 30, 2024.

 

As of September 30, 2025, two customers accounted for 40% of our gross accounts receivable. As of December 31, 2024, two customers accounted for 25% of our gross accounts receivable.