Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.24.1.1.u2
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Summary of Customers Concentrations

For the three months ended March 31, 2024 and 2023, the following customers represented more than 10% of consolidated sales. No vendors represented more than 10% of purchases.

 

 

 

 

 

 

 

2024

 

2023

Customer A

 

24%

 

14%

Customer B

 

 

23%

Customer C

 

11%

 

Customer D

 

19%

 

11%

As of March 31, 2024 and 2023, the following customers represented more than 10% of accounts receivable. No vendors represented more than 10% of the accounts payable balance.

 

 

 

 

 

 

 

2024

 

2023

Customer A

 

27%

 

11%

Customer B

 

 

37%

Customer D

 

10%

 

11%

Customer E

 

 

10%

Schedule of Antidilutive Securities Excluded from Calculation of Earnings Per Share

As of March 31, 2024 and 2023, 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.

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Private Warrants

 

 

197,500

 

 

 

197,500

 

Public Warrants

 

 

10,800,000

 

 

 

10,800,000

 

Warrants - January 2022 Offering

 

 

10,294,118

 

 

 

10,294,118

 

Warrants - April 2023 Financing

 

 

7,964,550

 

 

 

7,964,550

 

Restricted Stock Awards - unvested

 

 

56,599

 

 

 

57,780

 

 

 

29,312,767

 

 

 

29,313,948