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The Company and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Concentration of Risk, by Risk Factor

The following table discloses these customers’ percentage of revenue for the respective periods:

 

 

 

Year Ended December 31,

 

 

2022

 

2021

 

2020

Customer

 

 

 

 

 

 

Pernas Electronics Co. Ltd.

 

20%

 

24%

 

26%

Arrow Electronics, Inc.

 

17%

 

14%

 

15%

Quantek Technology Corporation

 

12%

 

10%

 

18%

 

Revenue from sales to one end customer through multiple distributors accounted for 20%, 22% and 40% of consolidated revenues for the years ended December 31, 2022, 2021, and 2020, respectively. No other distributors or end customers accounted for 10% or more of the Company's consolidated revenues for the years ended December 31, 2022, 2021, and 2020.

 

At December 31, 2022 and 2021 these customers accounted for 10% or more of accounts receivable:

 

 

 

As of December 31,

 

 

2022

 

2021

Customer

 

 

 

 

Pernas Electronics Co. Ltd.

 

24%

 

16%

Quantek Technology Corporation

 

17%

 

13%

Arrow Electronics, Inc.

 

15%

 

14%

Smith & Associates

 

0%

 

11%

 

Property, Plant and Equipment Estimated Useful Lives Depreciation of property and equipment is recognized on a straight-line basis over the estimated useful lives of the respective assets as follows:

 

Lab and manufacturing equipment

 

3 to 7 years

Computer equipment

 

3 years

Furniture and fixtures

 

5 years

Leasehold improvements

 

Shorter of remaining lease term or estimated useful lives of the assets