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Significant Customers, Concentrations of Credit Risk, and Geographic Information

3 Months Ended

Mar. 31, 2025

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Significant Customers, Concentrations of Credit Risk, and Geographic Information

Note 6 – Significant Customers, Concentrations of Credit Risk, and Geographic Information

We manage and operate our business through one operating segment.

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

​

​	​	​	​	​	​
​	​	Three Months Ended March 31,			​
​		2025		2024
Customer A		22	%	17	%
Customer B		*	%	16	%

*    Less than 10% of total revenues

Revenues by geographic area are as follows:

​

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2025			2024
​		(in thousands)
United States	​	$	1,102	​	$	1,445
Asia and Middle East	​		369	​	​	729
Europe and other	​		1,193	​	​	950
Revenue	​	$	2,664	​	$	3,124

​

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, 2025, two customers accounted for 36% and 11% of total accounts receivable. At December 31, 2024, one customer accounted for 41% of total accounts receivable. Our allowance for credit losses was approximately $40,000 and $34,000 at March 31, 2025 and December 31, 2024, respectively.

Our long-lived assets were geographically located as follows:

​

​	​	​	​	​	​	​
​		March 31,			December 31,
​		2025			2024
​		(in thousands)
United States	​	$	1,348	​	$	1,440
Europe	​	​	4,393	​	​	4,446
Asia	​		337	​	​	331
Total long-lived assets	​	$	6,078	​	$	6,217

​

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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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