Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.23.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of Customers and Vendor Concentrations

For the year ended December 31, the following customers represented more than 10% of consolidated sales. No vendors represented more than 10% of purchases:

 

 

 

 

 

 

 

 

2022

 

2021

Customer A

 

30%

 

Customer C

 

12%

 

10%

Customer F

 

 

12%

 

As of December 31, the following customers represented more than 10% of accounts receivable balances. No vendors represented more than 10% of the accounts payable balance:

 

 

 

2022

 

2021

Customer B

 

27%

 

Customer C

 

10%

 

10%

Customer D

 

10%

 

Customer E

 

 

19%

Customer F

 

 

15%

Schedule of Antidilutive Securities Excluded from Calculation of Earnings Per Share As of December 31, 2022, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive.

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Private Warrants

 

 

197,500

 

 

 

197,500

 

Public Warrants

 

 

10,800,000

 

 

 

10,800,000

 

Warrants - January Offering

 

 

10,294,118

 

 

 

 

Restricted Stock Awards - unvested

 

 

745,500

 

 

 

 

 

 

22,037,118

 

 

 

10,997,500