Customer Concentrations and Accounts Receivable
|3 Months Ended|
Jun. 30, 2022
|Customer Concentrations and Accounts Receivable|
|Customer Concentrations and Accounts Receivable||
4. Customer Concentrations and Accounts Receivable
Cal Microturbine and E-Finity Distributed Generation, LLC (“E-Finity”), two of the Company’s domestic distributors, accounted for 24% and 11% of revenue for the three months ended June 30, 2022, respectively. Horizon Power Systems (“Horizon”) and E-Finity, two of the Company’s domestic distributors, accounted for 11% and 10% of revenue for the three months ended June 30, 2021, respectively.
Additionally, E-Finity and Cal Microturbine accounted for 16% and 11% of net accounts receivable as of June 30, 2022. E-Finity accounted for 28% of net accounts receivable as of March 31, 2022. The Company had no bad debt expense during the three months ended June 30, 2022 and 2021.
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
No definition available.