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Note 16 - Concentrations
3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

16.

CONCENTRATIONS

 

The Company’s major product lines in 2021 and 2022 were electric power transmission and distribution maintenance and service, utility-scale solar construction projects and telecommunications maintenance and service.

The Company had the following revenue concentrations by customer greater than 10% of consolidated revenue:

 

    For the Three Months Ended March 31,  

Customer

 

2022

   

2021

 

Customer 1

  <10%       40 %

Customer 2

    <10%       27 %

Customer 3

 

<10%

      16 %

Customer 4

    28 %   <10%  

Customer 5

    19 %   <10%  

Customer 6

    14 %   <10%  

Total concentrations

    61 %     83 %

The Company did not have geographic revenue concentrations outside the U.S.A. greater than 10% of consolidated revenue.

 

The Company had the following gross trade accounts receivable concentrations by customer greater than 10% of gross trade accounts receivable:

 

   

As of March 31,

   

As of December 31,

 

Customer

 

2022

   

2021

 

Customer 4

 

28

%     30 %

Customer 5

    15 %     16 %

Customer 6

    13 %     <10%  

Total concentrations

    56 %     46 %

 

The Company did not have a geographic concentrations of gross trade accounts receivable outside of the U.S.A. greater than 10% of gross trade accounts receivable.


 

The Company had one supplier concentration of approximately 12% for the three months ended March 31, 2022 in the Renewables segment and one supplier concentration of approximately 12% in the three months ended March 31, 2021 in the Electric Power segment.