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CONCENTRATIONS AND CREDIT RISK
3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]  
CONCENTRATIONS AND CREDIT RISK

NOTE 11. CONCENTRATIONS AND CREDIT RISK

 

Revenues

 

One customer accounted for approximately 95% of the Company’s revenues for the three months ended March 31, 2023. Club Car accounted for approximately 100% of the Company’s revenues for the three months ended March 31, 2022. We do not expect Club Car to remain a customer going forward.

 

Accounts Receivable

 

As of March 31, 2023, one customer accounted for 100% of the Company’s net accounts receivable. As of December 31, 2022, Club Car accounted for 100% of the Company’s net accounts receivable.

 

Purchasing

 

The Company places orders with various suppliers. During the three months ended March 31, 2023, two suppliers accounted for more than 10% of the Company’s raw materials, one supplier accounted for 41% the other 34%. During the three months ended March 31, 2022, two suppliers accounted for accounted for more than 10% of the Company’s raw materials. One supplier accounted for 65% and the other 15%.