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Business Segments, Concentration of Credit Risk and Significant Customers
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Business Segments, Concentration of Credit Risk and Significant Customers

Note 6. Business Segments, Concentration of Credit Risk and Significant Customers

The Company determined its reporting units in accordance with ASC 280, Segment Reporting (ASC 280). Management evaluates a reporting unit by first identifying its operating segments under ASC 280. The Company then evaluates each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, the Company evaluates those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, the Company determines if the segments are economically similar and, if so, the operating segments are aggregated.

Management has determined that the Company has one consolidated operating segment. The Company’s reporting segment reflects the manner in which its chief operating decision maker reviews results and allocates resources. The Company’s reporting segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments.

The Company recognized revenue from shipments of product, licensing of its technologies and performance of services to customers by geographical location as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

North America

 

$

2,375

 

 

$

55

 

Hong Kong

 

 

290

 

 

 

475

 

Taiwan

 

 

312

 

 

 

565

 

Japan

 

 

293

 

 

 

—

 

Rest of world

 

 

133

 

 

 

6

 

Total net revenue

 

$

3,403

 

 

$

1,101

 

 

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

 

 

 

Three Months Ended

 

 

March 31,

 

 

2022

 

2021

Customer A

 

37%

 

*

Customer B

 

24%

 

*

Customer C

 

*

 

41%

Customer D

 

*

 

51%

 

*

Represents less than 10%

 

Three customers accounted for 67% of accounts receivable as of March 31, 2022. Three customers accounted for 96% of accounts receivable as of December 31, 2021.