XML 23 R14.htm IDEA: XBRL DOCUMENT v3.23.3

Significant Customers, Concentrations of Credit Risk, and Geographic Information

9 Months Ended

Sep. 30, 2023

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Note 7 – Significant Customers, Concentrations of Credit Risk, and Geographic Information

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,
​		2023		2022		2023		2022
Customer A		11	%	20	%	22	%	27	%
Customer B		19	%	*	%	11	%	*	%
Customer C	​	11	%	15	%	*	%	18	%

*    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,

​

2023

2022

2023

2022

​

(in thousands)

​

(in thousands)

United States

​

$

1,257

​

$

661

​

$

5,357

​

$

2,657

Asia and Middle East

​

816

​

1,069

​

2,770

​

2,849

Europe and other

​

1,002

​

121

​

2,275

​

376

Revenue, net

​

$

3,075

​

$

1,851

​

$

10,402

​

$

5,882

​

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 customers 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, 2023, two customers accounted for 26% and 17% of total accounts receivable. At December 31, 2022, two customers accounted for 20% and 13% of total accounts receivable. Our allowance for doubtful accounts was $0 at both September 30, 2023 and December 31, 2022.

Our long-lived assets were geographically located as follows:

​

​	​	​	​	​	​	​
​		September 30,			December 31,
​		2023			2022
​		(in thousands)
United States	​	$	717	​	$	935
Europe	​	​	4,358	​	​	—
Asia	​		289	​		344
Total long-lived assets	​	$	5,364	​	$	1,279

​

X

- 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
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//275/tableOfContent

+ Details

Name:	us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration