Note 8 - Concentration of Credit Risk

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

Note 8 - 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, 2022 and 2021, there were two customers whose purchases represented more than 10% of the Company’s consolidated net sales. Sales to these customers for the three months ended March 31, 2022 and 2021 are as follows:

	Three Months Ended					Three Months Ended
	March 31, 2022					March 31, 2021
Customer	Net Sales		% of Net Sales			Net Sales		% of Net Sales
Customer A	$	2,502,000		43	%	$	3,991,000		60	%
Customer B		1,347,000		23			1,294,000		19

As of March 31, 2022, the total amounts owed to the Company by these customers was approximately $696,000 and $1,669,000, or 20% and 48% of the Company’s consolidated net accounts receivable, respectively. The amounts owed at March 31, 2021 by these customers were approximately $2,426,000 and $1,554,000, or 51% and 33%, respectively, of the Company’s consolidated net accounts receivable.