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CONCENTRATIONS OF RISK
3 Months Ended
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.