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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||
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| REVENUE | 4.REVENUE Disaggregation of Revenue The Company presents below revenue associated with sales of products acquired from Eyston Company Ltd. (“Eyston”) separately from revenue associated with sales of GFCIs and ventilation fans. The Company believes this disaggregation best depicts how its various product lines perform and are affected by economic factors. Revenue recognized by these categories for the three months ended June 30, 2026 and 2025 were as follows:
Concentrations The Company is primarily a distributor of safety products for use in home and business under both its trade names and private labels for other companies. The Company acquired all of the smoke alarm and carbon monoxide alarm safety products that it previously sold from Eyston. For the three months ended June 30, 2026, four customers represented 40.5%, 18.1%, 18.0%, and 13.3% of the Company’s net sales, respectively. As of June 30, 2026, three customers represented 20.0%, 18.4% and 12.3% of the Company’s total trade accounts receivable. The Company had four customers in the three months ended June 30, 2025, that represented 16.5%, 15.4%, 12.8%, and 10.1% of the Company’s net sales, respectively. In addition, the Company had two customers that represented 19.1%, and 12.5% of the Company’s total trade accounts receivable as of June 30, 2025. |
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