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Major Customer and Geographic Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Major Customer and Geographic Information

Note 8. Major Customer and Geographic Information

 

Our Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Company’s total revenues were:

 

                    
  

Three Months ended

September 30

  

Nine Months ended

September 30

 
   2021   2020   2021   2020 
Customer A   24%   74%   47%   65%
Customer B       3%   11%   10%
Customer C   43%   10%   24%   12%

  

Our Company’s non-affiliate customers whose individual balances amounted to more than 10% of our Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were:

 

               
    September 30     December 31  
    2021     2020  
Customer A     8 %     25 %
Customer C     83 %     65 %

 

Our Company performs ongoing credit evaluations of its customers and generally does not require collateral. Our Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on our Company’s business operations and financial condition.

 

Our Company’s revenues by geographic region are as follows:

 

                    
  

Three Months ended

September 30

  

Nine Months ended

September 30

 
   2021   2020   2021   2020 
North America  $204,200   $155,700   $515,100   $446,100 
South America       700    4,100    2,100 
Asia   77,500    583,400    853,100    1,424,000 
Australia   30,800    15,000    65,500    30,200 
   $312,500   $754,800   $1,437,800   $1,902,400