Customer Concentration |
9 Months Ended |
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Sep. 30, 2023 | |
Risks and Uncertainties [Abstract] | |
Customer Concentration |
13. Customer Concentration
Significant dealers are those that account for greater than 10% of the Company’s revenues and purchases.
During the three months ended September 30, 2023, two individual dealers represented over 10% of the Company’s total sales, and combined they represented 35% of total sales. During the three months ended September 30, 2022, three individual dealers represented over 10% of the Company’s total sales, and combined they represented 43% of total sales. During the nine months ended September 30, 2023, there was one significant dealer who represented 20% of total sales. During the nine months ended September 30, 2022, three individual dealers represented over 10% of our sales, and combined they represented 37% of total sales.
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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