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Concentration of Credit Risk
12 Months Ended
Dec. 31, 2017
Risks And Uncertainties [Abstract]  
Concentration of Credit Risk

(14)

Concentration of Credit Risk

 

(a)

Concentration of Sales and Accounts Receivable

The following represents customers that accounted for 10% or more of total revenue during the years ended December 31, 2017, 2016 and 2015 and customers that accounted for 10% or more of total trade accounts receivable at December 31, 2017 and 2016:

 

 

 

For the Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Percentage of net revenue

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

 

21

%

 

 

20

%

 

 

15

%

Customer B

 

 

13

 

 

 

31

 

 

 

28

 

Customer C

 

 

10

 

 

 

8

 

 

 

1

 

 

 

 

As of December 31,

 

 

 

2017

 

 

2016

 

Percentage of gross trade accounts receivable

 

 

 

 

 

 

 

 

Customer A

 

 

19

%

 

 

13

%

Customer B

 

 

13

 

 

 

18

 

Customer C

 

 

10

 

 

 

13

 

Customer D

 

 

9

 

 

 

16

 

 

(b)

Revenue by Geography

Net revenue by geographic area are as follows. Revenue is attributed by geographic location based on the bill-to location of the Company’s customers.

 

 

 

For the Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Percentage of net revenue

 

 

 

 

 

 

 

 

 

 

 

 

China

 

 

67

%

 

 

74

%

 

 

64

%

Other Asia

 

 

10

 

 

 

11

 

 

 

21

 

North America

 

 

18

 

 

 

10

 

 

 

9

 

Europe

 

 

5

 

 

 

5

 

 

 

6

 

 

 

Although the Company ships the majority of antennas to its customers in China (primarily ODM’s and distributors), the end-users of the Company’s products are much more geographically diverse.

 

(c)

Concentration of Purchases

During the year ended December 31, 2017, all of the Company’s products were manufactured in our Shullsburg, Wisconsin and Scottsdale, Arizona facilities and by two vendors in China.  Manufacturing completed in our Shullsburg, Wisconsin facility was transferred to the Scottsdale, Arizona facility once the facility was closed in July 2017.  During the year ended December 31, 2016 and 2015, all of the Company’s products were manufactured by two vendors in China.