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Customer Concentration
12 Months Ended
Dec. 31, 2021
Risks and Uncertainties [Abstract]  
Customer Concentration

Note 12 – Customer Concentration

 

During the years ended December 31, 2021 and 2020, the Company had net sales to each of three major customers that constituted in excess of 10% of its net sales. Net sales to these three customers respectively represented approximately 43.7% (16.8%, 13.7%, and 13.2%) and 41.5% (16.0%, 15.0%, and 10.5%) of the Company’s net sales, respectively, for the years ended December 31, 2021 and 2020. 

 

At December 31, 2021 and 2020, three customers constituted at least 10% of the Company’s gross trade accounts receivable. The gross trade accounts receivable balances for these customers represented approximately 60.1% (22.2%, 19.0%, and 18.9%) and 63.6% (28.8%, 21.1%, and 13.7%) of the Company’s gross trade accounts receivable, respectively, at December 31, 2021, and 2020.