Significant Customers, Concentrations of Credit Risk, and Geographic Information

3 Months Ended

Mar. 31, 2022

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Significant Customers, Concentrations of Credit Risk and Geographic Information

Note 5 – Significant Customers, Concentrations 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 March 31,
	2022		2021
Customer A	35	%	*	%
Customer B	*	%	19	%
Customer C	15	%	*	%
Customer D	*	%	17	%
Customer E	11	%	*	%

* Less than 10% of total net revenues

Net revenues by geographic area are as follows:


	Three months ended March 31,
	2022		2021

	(in thousands)
United States	$	1,001	$	270
Asia and Middle East		811		1,112
Europe and other		179		186
Revenue, net	$	1,991	$	1,568

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 March 31, 2022, one customer accounted for 55% of total accounts receivable. At December 31, 2021, three customers accounted for 39%, 18%, and 12% of total accounts receivable. Our allowance for doubtful accounts was $0 at both March 31, 2022 and December 31, 2021.

Our long-lived assets were geographically located as follows:


	March 31,		December 31,
	2022		2021

	(in thousands)
United States	$	461	$	536
Asia		114		176
Total long-lived assets	$	575	$	712