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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Purchase Transactions
The Company has a purchase agreement for TLED products and spare parts with Sander Electronics, Inc., a shareholder of the Company. Purchases from Sander Electronics, Inc. for the year ended December 31, 2023 totaled $2.1 million, which remained unpaid as of December 31, 2023. The Company made new purchases for $0.6 million from Sander Electronics, Inc. during 2024. As of December 31, 2024 accounts payable to Sander Electronics, Inc. is $0.9 million.
Private Placements
Please refer to Note 9 for further details on Private Placements in 2024 and 2023.