Concentration of Credit Risk

9 Months Ended

Sep. 30, 2022

Note 17. Concentration of Credit Risk

Concentration of Sales and Accounts Receivable

The following represents customers that accounted for 10% or more of total revenue:


	Three months ended September 30,						Nine months ended September 30,
	2022			2021			2022			2021
Customer A		13	%		13	%		17	%		13	%
Customer B		12	%		4	%		12	%		3	%
Customer C		12	%		8	%		13	%		15	%
Customer D		9	%		14	%		7	%		8	%

The following represents customers that accounted for 10% or more of total trade accounts receivable:


	September 30, 2022			December 31, 2021
Customer A		18	%		29	%
Customer B		16	%		11	%
Customer C		13	%		3	%

Concentration of Purchases

During the three and nine months ended September 30, 2022, the Company’s products were primarily manufactured by five contract manufacturers with locations in China, Mexico, Minnesota, and Vietnam and at the Company’s Arizona facility (see Note 16).

Concentration of Property and Equipment

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


	September 30, 2022		December 31, 2021
North America	$	2,494	$	2,288
Asia Pacific (APAC)		152		217
Europe, Middle East and Africa (EMEA)		170		193
Property and equipment, net	$	2,816	$	2,698