Concentration of Credit Risk

6 Months Ended

Jun. 30, 2022

Risks and Uncertainties [Abstract]

Concentration of Credit Risk

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 and six months ended June 30, 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 and six months ended June 30, 2022 and 2021 are as follows:

	Three Months Ended					Three Months Ended
	June 30, 2022					June 30, 2021
Customer	Net Sales		% of Net Sales			Net Sales		% of Net Sales
Customer A	$	1,829,000		41	%	$	3,421,000		60	%
Customer B	$	1,323,000		30	%	$	812,000		14	%

	Six Months Ended					Six Months Ended
	June 30, 2022					June 30, 2021
Customer	Net Sales		% of Net Sales			Net Sales		% of Net Sales
Customer A	$	4,331,000		42	%	$	7,344,000		60	%
Customer B	$	2,670,000		26	%	$	2,106,000		17	%

As of June 30, 2022, the total amounts owed to the Company by these customers were approximately $2,008,000 or 73% of the Company’s consolidated net accounts receivable. The amounts owed at June 30, 2021 by these customers were approximately $2,202,000 or 64% of the Company’s consolidated net accounts receivable.