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Significant Customers, Concentrations of Credit Risk, and Geographic Information

12 Months Ended

Dec. 31, 2024

Significant Customers, Concentrations of Credit Risk and Geographic Information

Significant Customers, Concentrations of Credit Risk and Geographic Information

Note 8 – Significant Customers, Concentrations of Credit Risk and Geographic Information

We manage and operate our business through one operating segment.

Revenue from customers comprising at least 10% of total revenue are as follows:

​

​	​	​	​	​	​
​	​	Year Ended December 31,			​
​		2024		2023	​
Customer A		15	%	12	%
Customer B		12	%	22	%
Customer C		*	%	10	%

* less than 10% of total revenue

​

Revenue by geographic area are as follows:

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​		2024			2023
​		(in thousands)
United States	​	$	5,160	​	$	6,726
Asia and Middle East	​		2,623	​		4,022
Europe and other	​		3,896	​		3,192
Revenue	​	$	11,679	​	$	13,940

​

Revenue 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, 2024, one customer accounted for 41% of total accounts receivable. At December 31, 2023, two customers accounted for 35% and 16% of total accounts receivable. Our allowance for credit losses was $0 at both December 31, 2024 and 2023.

Our long-lived assets were geographically located as follows:

​

​	​	​	​	​	​	​
​		December 31,			December 31,
​		2024			2023
​		(in thousands)
United States	​	$	1,440	​	$	733
Europe	​	​	4,446	​	​	4,784
Asia	​		331	​		217
Total long-lived assets	​	$	6,217	​	$	5,734

​

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

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- References

No definition available.

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