Concentrations	9 Months Ended
Sep. 30, 2023
Concentrations [Abstract]
CONCENTRATIONS	NOTE 18 CONCENTRATIONS Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade accounts receivable. The Company performs ongoing credit evaluations of its customers and generally does not require collateral related to its trade accounts receivable. At September 30, 2023, accounts receivable from four customers comprised an aggregate of approximately 94% of the Company’s total trade accounts receivable, and none of these balances were characterized as uncollectible. In addition, for the three months ended September 30, 2023, revenue from two customers individually exceeded 10% of revenue and comprised approximately 92% of the Company’s total revenue, compared to two customers that comprised approximately 75% of the Company’s total revenue for the three months ended September 30, 2022. For the nine months ended September 30, 2023, revenue from one customer individually exceeded 10% of revenue and comprised approximately 81% of the Company’s total revenue compared to one customer that comprised approximately 28% of the Company’s total revenue during the nine months ended September 30, 2022. At September 30, 2023, account payables from one vendor accounted for 10% of the Company’s total expenses. At September 30, 2022, account payables from one vendor accounted for 19% of the Company’s total expenses.

Concentrations

9 Months Ended

Sep. 30, 2023

NOTE 18 CONCENTRATIONS

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade accounts receivable. The Company performs ongoing credit evaluations of its customers and generally does not require collateral related to its trade accounts receivable. At September 30, 2023, accounts receivable from four customers comprised an aggregate of approximately 94% of the Company’s total trade accounts receivable, and none of these balances were characterized as uncollectible.

In addition, for the three months ended September 30, 2023, revenue from two customers individually exceeded 10% of revenue and comprised approximately 92% of the Company’s total revenue, compared to two customers that comprised approximately 75% of the Company’s total revenue for the three months ended September 30, 2022. For the nine months ended September 30, 2023, revenue from one customer individually exceeded 10% of revenue and comprised approximately 81% of the Company’s total revenue compared to one customer that comprised approximately 28% of the Company’s total revenue during the nine months ended September 30, 2022. At September 30, 2023, account payables from one vendor accounted for 10% of the Company’s total expenses. At September 30, 2022, account payables from one vendor accounted for 19% of the Company’s total expenses.

COMSovereign Holding Corp. 10-Q