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SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

9 Months Ended

Sep. 30, 2020

SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

NOTE 6‑SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

We manage and operate our business through one operating segment.

Net revenues from customers equal to or greater than 10% of total net revenues are as follows:

		Three months ended September 30,				Nine months ended September 30,
		2020		2019		2020		2019
Customer A		24	%	39	%	*	%	35	%
Customer B		11	%	*	%	*	%	11	%
Customer C		*	%	10	%	39	%	*	%
Customer D		10	%	*	%	*	%	*	%
Customer E		*	%	*	%	10	%	*	%

*    Less than 10% of total net revenues

Net revenues by geographic area are as follows:

		Three months ended September 30,						Nine months ended September 30,
		2020			2019			2020			2019
		(in thousands)						(in thousands)
United States		$	512		$	1,153		$	1,934		$	2,823
Asia and Middle East			935			867			2,577			2,296
Europe and other			101			137			430			494
Revenue, net		$	1,548		$	2,157		$	4,941		$	5,613

Revenues by geographic area are based on the country of shipment destination. The geographic location of distributors and third-party manufacturing service providers may be different from the geographic location of the purchasers and/or ultimate end users.

We provide credit only to creditworthy third parties who are subject to our credit verification procedures. Accounts receivable balances are monitored on an ongoing basis, and accounts deemed to have credit risk are fully reserved. At September 30, 2020, two customers accounted for 40% and 11% of total accounts receivable, respectively. At December 31, 2019, four customers accounted for 29%,  20%,  11% and 11% of total accounts receivable, respectively. Our allowance for doubtful accounts was $0 thousand at September 30, 2020 and December 31, 2019, respectively.

Our long-lived assets (property, plant and equipment plus intangibles, net) were geographically located as follows:

		September 30,			December 31,
		2020			2019
		(in thousands)
United States		$	212		$	200
Asia			442			604
Total long-lived assets		$	654		$	804

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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