ASC 280, Segment Reporting (“ASC 280”) establishes standards for the reporting by public business enterprises of information about operating segments, products and services, geographic areas, and major customers. The method for determining what information to report is based on the way management organizes the operating segments within the Company for making operating decisions and assessing financial performance. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenue and incur expenses and about which separate financial information is available to its chief operating decision makers (“CODM”). The Company’s CODM is its CEO.

The CODM reviews financial information and business performance for each operating segment. The Company evaluates the performance of its operating segments at the revenue and gross profit levels. The Company does not report total assets, capital expenditures or operating expenses by operating segment as such information is not used by the CODM for purposes of assessing performance or allocating resources.

Net revenue and gross profit information by segment for the three months ended March 31, 2021 and 2020 are as follows (in thousands):

	Three Months Ended March 31,
	2021			2020
Identity:
Net revenue	$	13,658		$	9,886
Gross profit		3,359			2,974
Gross profit margin		25	%		30	%
Premises:
Net revenue		8,504			8,234
Gross profit		4,333			4,526
Gross profit margin		51	%		55	%
Total:
Net revenue		22,162			18,120
Gross profit		7,692			7,500
Gross profit margin		35	%		41	%
Operating expenses:
Research and development		2,337			2,596
Selling and marketing		4,064			4,497
General and administrative		2,125			2,191
Restructuring and severance		388			65
Total operating expenses:		8,914			9,349
Loss from operations		(1,222	)		(1,849	)
Non-operating income (expense):
Interest expense, net		(245	)		(252	)
Foreign currency gains (losses), net		46			86
Loss before income tax provision	$	(1,421	)	$	(2,015	)

Geographic net revenue is based on the customer’s ship-to location. Information regarding net revenue by geographic region for the three months ended March 31, 2021 and 2020 is as follows (in thousands):

	Three Months Ended March 31,
	2021			2020
Americas	$	15,148		$	13,868
Europe and the Middle East		2,460			2,601
Asia-Pacific		4,554			1,651
Total	$	22,162		$	18,120

Percentage of net revenue:
Americas		68	%		77	%
Europe and the Middle East		11	%		14	%
Asia-Pacific		21	%		9	%
Total		100	%		100	%

No customer accounted for 10% or more of net revenue for either of the three months ended March 31, 2021 or 2020. As of March 31, 2021, one customer accounted for 11% of accounts receivable. No customer accounted for 10% of net accounts receivable at December 31, 2020.

Long-lived assets by geographic location as of March 31, 2021 and December 31, 2020 are as follows (in thousands):

	March 31,		December 31,
	2021		2020
Property and equipment, net:
Americas	$	646	$	606
Europe and the Middle East		83		73
Asia-Pacific		3,039		2,148
Total property and equipment, net	$	3,768	$	2,827

Operating lease ROU assets:
Americas	$	1,818	$	2,100
Europe and the Middle East		190		224
Asia-Pacific		966		1,081
Total operating lease right-of-use assets	$	2,974	$	3,405