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Business Segments, Concentration of Credit Risk and Significant Customers
 9 Months Ended
Sep. 30, 2015
Business Segments, Concentration of Credit Risk and Significant Customers  
Business Segments, Concentration of Credit Risk and Significant Customers

 

Note 5. Business Segments, Concentration of Credit Risk and Significant Customers

 

The Company operates in one business segment and uses one measurement of profitability for its business.  Net revenue attributed to the United States and to all foreign countries is based on the geographical location of the customer.

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash, cash equivalents, short-term and long-term investments and accounts receivable. Cash, cash equivalents and short-term and long term investments are deposited with high credit-quality institutions.

 

The Company recognized revenue from licensing of its technologies and shipment of ICs to customers by geographical location as follows (in thousands):

                                                                                                                                                                                                      

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

United States

 

$
507 

 

$
311 

 

$
1,233 

 

$
1,094 

 

Taiwan

 
329 

 
485 

 
1,065 

 
1,358 

 

Japan

 
177 

 
356 

 
431 

 
1,755 

 

Rest of world

 
9 

 
1 

 
63 

 
27 

 

 

 

 

 

 

 

 

 

 

 

Total net revenue

 

$
1,022 

 

$
1,153 

 

$
2,792 

 

$
4,234 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customers who accounted for at least 10% of total net revenue were:

                                                                                                                                                                                                         

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Customer A

 
36 

%

*

 
27 

%

*

 

Customer B

 
32 

%
40 

%
37 

%
31 

%

Customer C

 
14 

%
27 

%
12 

%
37 

%

Customer D

 

*

 
10 

%
10 

%
11 

%

 

 

*Represents less than 10%

 

One customer accounted for 76% of net accounts receivable at September 30, 2015. Three customers accounted for 97% of net accounts receivable at December 31, 2014.