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Concentrations | 12 Months Ended
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Dec. 31, 2022
Risks and Uncertainties [Abstract] |
Concentrations | Note 17. Concentrations Concentration of Sales and Accounts Receivable The following represents customers that accounted for 10% or more of total revenue:
|  | For the Years Ended December 31, |
|  | 2022 |  |  | 2021 |
Customer A |  |  | 17 | % |  |  | 19 | %
Customer B |  |  | 17 | % |  |  | 16 | %
Customer C |  |  | 13 | % |  |  | 12 | %
Customer D |  |  | 10 | % |  |  | 0 | %
The following represents customers that accounted for 10% or more of total trade accounts receivable:
|  | As of December, 31 |
|  | 2022 |  |  | 2021 |
Customer A |  |  | 21 | % |  |  | 11 | %
Customer B |  |  | 15 | % |  |  | 7 | %
Customer C |  |  | 12 | % |  |  | 29 | %
Concentration of Purchases During the year ended December 31, 2022, the Company’s products were primarily manufactured by five contract manufacturers with locations in China, Mexico, Minnesota, and Vietnam and during the first quarter at the Company’s Arizona facility (see Note 16). Concentration of Cash The bank where most of the Company’s cash is held was placed into receivership with the FDIC on March 10, 2023. The Company’s cash deposits exceeded the FDIC insured limits at that time. However, the Treasury, the Federal Reserve, and the FDIC, as receiver, jointly released a statement that depositors at this specific bank would have access to their funds, including funds in excess of standard FDIC insurance limits. The Company has not experienced losses on these accounts. The Company is in the process of allocating cash deposits among other financial institutions to mitigate its concentration risk. Concentration of Property and Equipment The Company’s property and equipment, net by geographic region are as follows:
|  | As of December, 31 |
|  | 2022 |  |  | 2021 |
North America |  | $ | 2,469 |  |  | $ | 2,288 |
Asia Pacific (APAC) |  |  | 138 |  |  |  | 217 |
Europe, Middle East and Africa (EMEA) |  |  | 158 |  |  |  | 193 |
Property and equipment, net |  | $ | 2,765 |  |  | $ | 2,698 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI https://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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