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Concentration of Credit Risk
 6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk

Note 7 - 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 and six months ended June 30, 2025 and 2024, there were two customers whose purchases represented more than 10% of the Company’s consolidated net sales. Sales to these customers for the three and six months ended June 30, 2025 and 2024 are as follows:

 

   Three Months Ended   Three Months Ended 
   June 30, 2025   June 30, 2024 
Customer  Net Sales  

% of Net

Sales

   Net Sales  

% of Net

Sales

 
Customer A  $2,153,000    38%  $2,655,000    60%
Customer B  $2,456,000    44%  $1,040,000    24%

 

 

   Six Months Ended   Six Months Ended 
   June 30, 2025   June 30, 2024 
Customer  Net Sales  

% of Net

Sales

   Net Sales  

% of Net

Sales

 
Customer A  $5,244,000    50%  $4,921,000    53%
Customer B  $2,979,000    28%  $2,751,000    30%

 

As of June 30, 2025, the outstanding accounts receivable balance from these customers was $3.5 million.