XML 39 R32.htm IDEA: XBRL DOCUMENT v3.24.3
Major Customers, Accounts Receivable and Vendor Concentration (Tables)
9 Months Ended
Sep. 30, 2024
Customer Concentration Risk [Member] | Revenue from Contract with Customer Benchmark [Member]  
Concentration Risk [Line Items]  
 Summary Sales to Significant Customers

The table below represents the Company’s major customers that accounted for more than 10% of total net sales for the periods:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Customer A

 

 

13

%

 

 

13

%

 

 

14

%

 

 

13

%

Customer B

 

*

 

 

*

 

 

 

10

%

 

 

11

%

Customer C

 

 

13

%

 

*

 

 

 

11

%

 

*

 

Customer D

 

*

 

 

 

11

%

 

*

 

 

*

 

Customer Concentration Risk [Member] | Accounts Receivable [Member]  
Concentration Risk [Line Items]  
 Summary Sales to Significant Customers

The table below represents the Company’s customers that accounted for more than 10% of total accounts receivable, net as of:

 

 

September 30, 2024

 

 

December 31, 2023

 

 

Customer B

 

*

 

 

 

13

%

 

Customer D

 

 

17

%

 

*

 

 

Customer I

 

*

 

 

 

18

%

 

Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member]  
Concentration Risk [Line Items]  
 Summary Sales to Significant Customers

The table below represents raw material and finished goods vendors that accounted for more than 10% of all raw material and finished goods purchases for the following periods:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Vendor A

 

*

 

 

 

22

%

 

*

 

 

 

22

%

Vendor B

 

*

 

 

 

13

%

 

*

 

 

 

16

%

Vendor C

 

*

 

 

 

11

%

 

*

 

 

 

13

%

Vendor D

 

 

28

%

 

*

 

 

 

34

%

 

*

 

Vendor E

 

 

31

%

 

*

 

 

 

29

%

 

*

 

Vendor F

 

 

28

%

 

*

 

 

 

25

%

 

*

 

Vendor G

 

*

 

 

 

21

%

 

*

 

 

 

14

%

The increase in vendor concentration during the three and nine months ended September 30, 2024 and 2023 was driven by the changes made in our supply chain whereby our contract manufacturers are responsible for the procurement of raw materials to produce our products, which are then sold to us as finished goods.

* Less than 10% of total net sales, accounts receivable, net or raw material and finished goods purchases in the respective periods.