Note 9. Major Customer Concentration

For the three months ended December 31, 2024, the Company had one customer that comprised 15% of the Company’s net sales. The customer is a distributor.

For the three months ended December 31, 2023, the Company had two customers that comprised 19% and 16% of the Company’s net sales, respectively. Both of these customers are distributors.

As of December 31, 2024, two customers accounted for 15% and 12% of accounts receivable, respectively. Both of these customers are distributors. As of September 30, 2024, three customers accounted for 16%, 11%, and 10% of accounts receivable, respectively. These customers are all distributors.