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Concentration of Credit Risk
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk

Note 16. 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 three and nine months ended September 30, 2021 and 2020.

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Customer A

 

 

20

%

 

 

32

%

 

 

23

%

 

 

33

%

Customer B

 

 

8

%

 

 

15

%

 

 

15

%

 

 

10

%

Customer C

 

 

13

%

 

 

5

%

 

 

13

%

 

 

6

%

Customer D

 

 

14

%

 

 

0

%

 

 

8

%

 

 

0

%

Customer E

 

 

2

%

 

 

10

%

 

 

4

%

 

 

7

%

The following represents customers that accounted for 10% or more of total trade accounts receivable at September 30, 2021 and December 31, 2020.

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Customer A

 

 

21

%

 

 

23

%

Customer B

 

 

18

%

 

 

0

%

Customer C

 

 

11

%

 

 

17

%

Customer D

 

 

9

%

 

 

13

%

 

(b) Concentration of Purchases

During the three and nine months ended September 30, 2021, the Company’s products were primarily manufactured by three contract manufacturers with locations in China, one in Vietnam, one in Minnesota and by the Company’s Arizona facility.

(c) Concentration of Property and Equipment

The Company’s property and equipment, net by geographic region are as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

North America

 

$

2,233

 

 

$

1,936

 

Asia Pacific (APAC)

 

 

262

 

 

 

249

 

Europe, Middle East and Africa (EMEA)

 

 

203

 

 

 

192

 

Property and equipment, net

 

$

2,698

 

 

$

2,377