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CONCENTRATIONS OF RISK | 3 Months Ended
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Mar. 31, 2023
Risks and Uncertainties [Abstract] |
CONCENTRATIONS OF RISK | NOTE 4 – CONCENTRATIONS OF RISK Accounts Receivable The Company has a concentration of credit risk with its accounts receivable balance. Three customers individually accounted for $87,854, $54,335, and $33,878, or 24%, 15%, and 9%, respectively, of our accounts receivable at March 31, 2023. The Company has adopted (ASU) 2016-13 as of January 1, 2023 and not had a material impact on the Company’s financial statements as of March 31, 2023. Customer Concentrations The Company has a concentration of customers. For the three months ended March 31, 2023, two customers individually accounted for $5,200,126 and $536,624, or approximately 58% and 6% of our revenues, respectively. The Company’s sales are concentrated in the Virginia and northeastern North Carolina markets.

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- 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 -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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