Quarterly report [Sections 13 or 15(d)]

Note 13 - Major Customers and Vendors

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Note 13 - Major Customers and Vendors
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

13.          Major Customers and Vendors:

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The Company had one major vendor that accounted for 13% of total purchases during the three months ended September 30, 2025, compared to no major vendors during the three months ended September 30, 2024. During the nine months ended September 30, 2025, the Company had no major vendors, compared to one major vendor that accounted for 11% of total purchases during the nine months ended September 30, 2024.

 

The Company had two major customers that accounted for 22% and 14%, respectively, of its net sales during the three months ended  September 30, 2025, and 16% and 13%, respectively, of its net sales during the three months ended  September 30, 2024. The Company had two major customers that accounted for 24% and 13% of net sales during the nine months ended September 30, 2025, and 18% and 15%, of net sales during the nine months ended September 30, 2024. These same customers accounted for 16% and 7% of total net accounts receivable as of  September 30, 2025, and 12% and 6% of total net accounts receivable as of  December 31, 2024.