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Significant Customers, Concentrations of Credit Risk and Geographic Information

12 Months Ended

Dec. 31, 2022

Significant Customers, Concentrations of Credit Risk and Geographic Information

Significant Customers, Concentrations of Credit Risk and Geographic Information

Note 9 - 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:

​

​	​	​	​	​	​
​	​	Year ended December 31,
​		2022		2021
Customer A		25	%	15	%
Customer B		*	%	17	%
Customer C		18	%	*	%
Customer D		*	%	15	%

​

* less than 10% of total net revenues

​

Net revenues by geographic area are as follows:

​

​	​	​	​	​	​	​
​	​	Year ended December 31,
​		2022			2021
​		(in thousands)
United States	​	$	3,367	​	$	2,185
Asia and Middle East	​		3,670	​		4,724
Europe and other	​		456	​		569
Revenue, net	​	$	7,493	​	$	7,478

​

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 December 31, 2022, two customers accounted for 20% and 13% 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 December 31, 2022 and 2021.

Our long-lived assets were geographically located as follows:

​

​	​	​	​	​	​	​
​		December 31,			December 31,
​		2022			2021
​		(in thousands)
United States	​	$	935	​	$	536
Asia	​		344	​		176
Total long-lived assets	​	$	1,279	​	$	712

​

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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 https://asc.fasb.org/topic&trid=2134479

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- References

No definition available.

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