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Concentrations | 6 Months Ended
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Jun. 30, 2024
Risks and Uncertainties [Abstract] |
Concentration | Note 14. Concentrations Concentration of Sales and Accounts Receivable The following represents customers that accounted for 10% or more of total revenue:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Customer A |  |  | 24 | % |  |  | 9 | % |  |  | 20 | % |  |  | 12 | %
Customer B |  |  | 16 | % |  |  | 6 | % |  |  | 17 | % |  |  | 7 | %
The following represents customers that accounted for 10% or more of total trade accounts receivable:
|  | June 30, 2024 |  |  | December 31, 2023 |
Customer A |  |  | 27 | % |  |  | 17 | %
Customer B |  |  | 14 | % |  |  | 14 | %
The allowance for credit losses as of June 30, 2024 and December 31, 2023 was not material. Concentration of Purchases During the six months ended June 30, 2024, the Company’s products were manufactured by six CMs with locations in China, Vietnam, Mexico, and the United States. Concentration of Cash The Company’s cash deposits exceeded the Federal Deposit Insurance Corporation’s insured limits. The Company has not experienced losses on these accounts. Most of the Company's deposits are in several accounts at a large institutional bank. Concentration of Property and Equipment The Company’s property and equipment, net by geographic region, are as follows (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
North America |  | $ | 2,038 |  |  | $ | 2,295 |
Asia Pacific (APAC) |  |  | 71 |  |  |  | 86 |
Europe, Middle East and Africa (EMEA) |  |  | 111 |  |  |  | 126 |
Property and equipment, net |  | $ | 2,220 |  |  | $ | 2,507 |

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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 + Details
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