MAJOR CUSTOMERS AND RELATED INFORMATION

12 Months Ended

Dec. 31, 2024

Risks and Uncertainties [Abstract]

MAJOR CUSTOMERS AND RELATED INFORMATION

18. MAJOR CUSTOMERS AND RELATED INFORMATION

Major Customers

For the year ended December 31, 2024, revenues from two distributors accounted for approximately 23% and 14%, respectively, of revenues with no other single customer accounting for more than 10% of total revenues. Accounts receivable from two distributors accounted for approximately 11% and 10%, respectively, of net accounts receivable and contract assets at December 31, 2024.

For the year ended December 31, 2023, revenues from one distributor accounted for approximately 37% of revenues with no other single customer accounting for more than 10% of total revenues. Accounts receivable from one distributor accounted for 67% of net accounts receivable at December 31, 2023.

The following table summarizes revenues by geographic region. Revenues are attributed to countries based on the customer’s delivery location.

	For the Year
	Ended December 31,
	2024		2023
Americas	$	4,423	$	3,773
Europe, Middle East and Africa		76		2,302
Asia Pacific		8		58
Total revenues	$	4,507	$	6,133

See Note 1 – Concentrations of Risks for information on reliance on suppliers.