SEGMENT REPORTING, GEOGRAPHIC INFORMATION, AND SIGNIFICANT CUSTOMERS

12 Months Ended

Dec. 31, 2023

SEGMENT REPORTING, GEOGRAPHIC INFORMATION, AND SIGNIFICANT CUSTOMERS

SEGMENT REPORTING, GEOGRAPHIC INFORMATION, AND SIGNIFICANT CUSTOMERS

11. SEGMENT REPORTING, GEOGRAPHIC INFORMATION, AND SIGNIFICANT CUSTOMERS

Segment Information

We develop, license, and support a wide range of software and IP that more fully engage users’ senses of touch when operating digital devices. We focus on the following target application areas: mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical; and commercial. We manage these application areas in one operating and reporting segment with only one set of management, development, and administrative personnel.

Our CODM is the Chief Executive Officer. The CODM approves budgets and allocates resources to and assesses our business performance using information about our revenue and operating loss. There is only one segment that is reported to management.

Revenue by Market Area

The following is a summary of revenues by market areas. Revenue as a percentage of total revenues by market are as follows:

	Years Ended December 31,
	2023		2022
Mobile, Wearables, and Consumer	41	%	60	%
Gaming Devices	32		21
Automotive	22		13
Other	5		6
Total	100	%	100	%

Geographic Revenue

Revenues are broken out geographically by the location of the customer. A summary of revenue by region as a percentage of total revenues are as follows:

	Years Ended December 31,
	2023		2022
Asia	74	%	62	%
Europe	17		10
North America	9		28
Total	100	%	100	%

A summary of revenue by country as a percentage of total revenues are as follows:

	Years Ended December 31,
	2023		2022
Japan	39	%	27	%
Korea	32		33
Germany	15		7
United States of America	9		28
Other countries with less than 10% in a year	5		5
Total	100	%	100	%

        Property and Equipment, net by Country

Property and equipment, net by geographic areas as a percentage of total property and equipment, net are as follows:

	December 31,
	2023		2022
Canada	96	%	97	%
United States of America	2		2
Rest of World	2		1
Total	100	%	100	%

Significant Customers

During the year ended December 31, 2023, three customers accounted for 31%, 23% and 14% of our total revenue, respectively. In 2022, three customers accounted for 31%, 18% and 13% of our total revenues, respectively.

A summary of customers with 10% or greater of our outstanding accounts and other receivables are as follows:

	Years Ended December 31,
	2023		2022
Customer A	81	%	60	%
Customer B	14	%	*	%
Customer C	*		21	%

* Represents less than 10% of our total accounts and other receivables.