BUSINESS CONCENTRATION |
12 Months Ended | ||||||
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Dec. 31, 2024 | |||||||
| Risks and Uncertainties [Abstract] | |||||||
| BUSINESS CONCENTRATION |
For the years ended December 31, 2024 and 2023, no single customer accounted for more than 10% of the Company’s total sales.
As of December 31, 2024, three customers accounted for 44% of the Company’s total accounts receivable balance. As of December 31, 2023, one customer accounted for 19% of the Company’s total accounts receivable balance.
For the year ended December 31, 2024, the Company purchased 39% of it’s inventory from two vendors. For the year ended December 31, 2023, the Company purchased 19% of its inventory from one vendor.
There were no single vendor that accounted for more than 10% of the Company’s accounts payable and accrued expenses as of December 31, 2024 and 2023.
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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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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