Quarterly report [Sections 13 or 15(d)]

Concentration

v3.25.3
Concentration
9 Months Ended
Sep. 30, 2025
Risks and Uncertainties [Abstract]  
Concentration

Note 16. Concentration

 

As of September 30, 2025 and December 31, 2024, and for nine months ended September 30, 2025 and 2024, customer concentrations (more than 10%) were as follows:

 

    Percentage of Revenue     Percentage of  
    For the nine months ended     Accounts Receivable  
    September 30,     September 30,     December 31,  
    2025     2024     2025     2024  
Bechtel     40 %     40 %     20 %     13 %
Craig Technologies     47 %     8 %     62 %     44 %
Xiomas Technologies     2 %     2 %     -       1 %
TNO     -       18 %     -       34 %
Total (as a group)     89 %     68 %     82 %     92 %