NOTE 3 – Business and Credit Concentrations

An entity is more vulnerable to concentrations of credit risk if it is exposed to risk of loss greater than it would have had if it mitigated its risk through diversification of customers. Such risks of loss manifest themselves differently, depending on the nature of the concentration, and vary in significance. The Company had two customers with an accounts receivable balance that comprised of 11% and 13% as of December 31, 2024. These same two customers had an accounts receivable balance that comprised of 17% and 12% as of June 30, 2024. The Company had one additional customer with an accounts receivable balance that comprised of 13% as of December 31, 2024. Sales to any of these customers did not exceed 10% of net sales during the three or six months ended December 31, 2024 and 2023, respectively.