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Segment Information and Concentrations (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Revenue by geographic areas

Segment Information

The Company operates in the mobile barcode and RFID/NFC scanning market. Mobile scanning typically consists of mobile devices such as smartphones or tablets, with mobile scanning peripherals for data collection, and third-party vertical applications software. The Company distributes its products in the United States and foreign countries primarily through distributors and resellers. The Company markets its products primarily through application developers whose applications are designed to work with Company’s products. Revenues for the geographic areas for three and nine-month periods ended September 30, 2017 and 2016 were as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2017				2016				2017				2016
Revenues:
United States		$	4,430,409			$	4,030,547			$	13,438,873			$	12,308,704
Europe			711,057				821,782				2,642,265				2,237,439
Asia and rest of world			334,009				249,801				822,035				811,515
Total revenues		$	5,475,475			$	5,102,130			$	16,903,173			$	15,357,658

Export revenues are attributable to countries based on the location of the Company’s customers. The Company does not hold long-lived assets in foreign locations.

Major customers accounted for at least 10% of total revenues

Major Customers

Customers who accounted for at least 10% of the Company’s total revenues in the three and nine-month periods ended September 30, 2017 and 2016 were as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2017				2016				2017				2016
Ingram Micro Inc.			40	%			29	%			39	%			27	%
BlueStar, Inc.			20	%			21	%			17	%			23	%
ScanSource, Inc.			10	%			19	%			17	%			16	%
Spinal Modulation, Inc.			*				*				*				10	%

_____________

* Customer accounted for less than 10% of total revenues for the period

Major customers accounted for at least 10% of net accounts receivable balances

Customers who accounted for at least 10% of the Company’s net accounts receivable balances at September 30, 2017 and December 31, 2016 were as follows:

		September 30,				December 31,
		2017				2016
Ingram Micro Inc.			36	%			49	%
BlueStar, Inc.			23	%			30	%
ScanSource, Inc.			13	%			*
_____________ * Customer accounted for less than 10% of net accounts receivable balance at period end

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- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

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