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Note 10 - Concentration of Credit Risk

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

Note

10

- Concentration of Credit Risk

Concentration of credit risk with respect to trade accounts receivable is generally limited due to the large number of entities comprising the Company's customer base. The Company performs ongoing credit evaluations and provides an allowance for potential credit losses against the portion of accounts receivable which is estimated to be uncollectible. Such losses have historically been within management's expectations. During the

three

months ended

March 31, 2021

and

2020,

there was

one

customer whose purchases represented more than

10%

of the Company's consolidated net sales. Sales to this customer for the

three

months ended

March 31, 2021

and

2020

are as follows:

		Three Months Ended								Three Months Ended
		March 31, 2021								March 31, 2020
Customer		Net Sales				% of Net Sales				Net Sales				% of Net Sales
Customer A		$	3,991,000				54	%		$	3,222,000				46	%

As of

March 31, 2021,

the total amounts owed to the Company by this customer were approximately

$2,385,000

or

33%

of the Company's consolidated net accounts receivable. The amounts owed at

March 31, 2020

by this customer was approximately

$2,097,000

or

29%

of the Company's consolidated net accounts receivable.

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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X

- References

No definition available.

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