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Geographic Information and Concentrations of Risk

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Geographic Information and Concentrations of Risk

Geographic Information and Concentrations of Risk

Geographic Information

The following table details the geographic concentration of the Company’s assets (in thousands):

			December 31,
			2020						2019
United States and Canada			$	148,485					$	81,769
South Africa			48,211						53,610
Other			30,698						25,994
			$	227,394					$	161,373

The following table details the Company’s net revenues by geographic region based on shipping destination (in thousands):

			Year Ended December 31,
			2020						2019
United States and Canada			$	260,009					$	158,756
South Africa			28,208						35,001
Other			25,615						25,739
Total			$	313,832					$	219,496

Concentrations of Risk

For the years ended December 31, 2020 and 2019, one customer accounted for 54.5% and 52.5% of net revenues, respectively. At December 31, 2020, two customers accounted for 33.3% and 17.2% of total accounts receivable. At December 31, 2019, two customers accounted for 25.0% and 11.2% of total accounts receivable.

During the years ended December 31, 2020 and 2019, the Company recorded net foreign currency transaction losses of approximately $0.7 million and $0.3 million, respectively, primarily related to outstanding intercompany loans that Ctrack has with certain of its subsidiaries, which are remeasured at each reporting period and payable upon demand.

All recorded gains and losses on foreign currency transactions are recorded in other income (expense), net, in the consolidated statements of operations.

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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