Segment, Geographic and Customer Concentration Information

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Segment Reporting [Abstract]

Segment, Geographic and Customer Concentration Information

Note 16. Segment, Geographic and Customer Concentration Information

Reportable segments include Autonomy Solutions and Other Component Sales. These segments reflect the way the Company’s chief operating decision-maker (“CODM”) evaluates the Company’s business performance and

manages its operations. Each segment has distinct product offerings, customers, and market penetration. The Chief Executive Officer is the CODM of the Company.

Autonomy Solutions

This segment manufactures and distributes commercial lidar sensors that measures distance using laser light to generate a highly accurate 3D map for automotive mobility applications. This segment is impacted by trends in and the strength of the autonomous vehicles and associated infrastructure/technology sector.

Other Component Sales

This segment is in the business of development of ultra-sensitive pixel-based sensors. This segment also designs, tests, and provides consulting services for non-standard integrated circuits that are essential for systems to meet the requirement of customers. This segment is impacted by trends in and the strength of automobile and aeronautics sector as well as government spending in military and defense activities.

The accounting policies of the operating segments are the same as those described in Note 1. Segment operating results and reconciliations to the Company’s consolidated balances are as follows (in thousands):

Nine Months ended September 30, 2020
	Autonomy Solutions			Other Component Sales		Total reportable segments			Eliminations (1)			Total Consolidated
Revenue:
Revenues from external customers	$	9,587		$	1,932	$	11,519		$	—		$	11,519
Revenues from internal customer		639			2,544		3,183			(3,183	)		—
Total Revenue	$	10,226		$	4,476	$	14,702		$	(3,183	)	$	11,519
Depreciation and amortization	$	1,825		$	104	$	1,929		$	—		$	1,929
Operating profit (loss)		(56,673	)		192		(56,481	)		—			(56, 481	)
Other significant items:
Segment assets		191,778			2,979		194,757			(3,304	)		191,453
Inventory		2,912			9		2,921			—			2,921
Nine Months ended September 30, 2019
	Autonomy Solutions			Other Component Sales		Total reportable segments			Eliminations (1)			Total Consolidated
Revenue:
Revenues from external customers	$	4,373		$	2,430	$	6,803		$	—		$	6,803
Revenues from internal customer		—			2,184		2,184			(2,184	)		—
Total Revenue	$	4,373		$	4,614	$	8,987		$	(2,184	)	$	6,803
Depreciation and amortization	$	1,577		$	135	$	1,712		$	—		$	1,712
Operating profit (loss)		(45,235	)		267		(44,968	)		—			(44,968	)
Other significant items:
Segment assets		73,119			2,315		75,434			(2,779	)		72,655
Inventory		4,742			—		4,742			—			4,742

1. Represent the eliminations of all intercompany balances and transactions during the period presented.

For the nine months ended September 30, 2020, Sweden and United States accounted for more than 10% of Company’s total revenues. For the nine months ended September 30, 2019, the United States was the only country that accounted for more than 10% of the Company’s total revenues. For the nine months ended September 30, 2020 one customer accounted for 64% of the Company’s total revenues. For the nine months ended September 30, 2019, three customers accounted for 27%, 14% and 10%, respectively, of the Company’s total revenues.

Note 19. Segment, Geographic and Customer Concentration Information

Reportable segments include Autonomy Solutions and Other Component Sales. These segments reflect the way the Company’s chief operating decision-maker (“CODM”) evaluates the Company’s business performance and manages its operations. Each segment has distinct product offerings, customers, and market penetration. The Chief Executive Officer is the CODM of the Company.

Autonomy Solutions

This segment manufactures and distributes commercial lidar sensors that measures distance using laser light to generate a highly accurate 3D map for automotive mobility applications. This segment is impacted by trends in and the strength of the autonomous vehicles and associated infrastructure/technology sector.

Other Component Sales

This segment is in the business of development of ultra-sensitive pixel-based sensors. This segment also designs, tests and provides consulting services for non-standard integrated circuits that are essential for systems to meet the requirement of customers. This segment is impacted by trends in and the strength of automobile and aeronautics sector as well as government spending in military and defense activities.

The accounting policies of the operating segments are the same as those described in Note 1. Segment operating results and reconciliations to the Company’s consolidated balances are as follows (in thousands):

Year ended December 31, 2019
	Autonomy Solutions			Other Component Sales		Total reportable segments			Eliminations (1)			Total Consolidated
Revenue:
Revenues from external customers	$	9,666		$	2,936	$	12,602		$	—		$	12,602
Revenues from internal customer		—			2,949		2,949			(2,949	)		—
Total Revenue		9,666			5,885		15,551			(2,949	)		12,602
Depreciation and amortization		2,135			181		2,316			—			2,316
Operating loss		(62,874	)		259		(62,615	)		—			(62,615	)
Other significant items:
Segment assets		52,171			2,218		54,389			(2,525	)		51,864
Inventory	$	4,002		$	—	$	4,002		$	—		$	4,002

Year ended December 31, 2018
	Autonomy Solutions			Other Component Sales			Total reportable segments			Eliminations (1)			Total Consolidated
Revenue:
Revenues from external customers	$	7,236		$	4,456		$	11,692		$	—		$	11,692
Revenues from internal customer		—			3,387			3,387			(3,387	)		—
Total Revenue		7,236			7,843			15,079			(3,387	)		11,692
Depreciation and amortization		1,335			159			1,494			—			1,494
Operating loss		(63,845	)		(384	)		(64,229	)		—			(64,229	)
Other significant items:
Segment assets		26,569			4,244			30,813			(2,611	)		28,202
Inventory	$	2,926		$	—		$	2,926		$	—		$	2,926

1. Represent the eliminations of all intercompany balances and transactions during the period presented.

For the years ended December 31, 2019 and December 31, 2018, the United States was the only country that accounted for more than 10% of the Company’s total revenues. For the year ended December 31, 2019, one customer accounted for 43% of the Company’s total revenues. For the year ended December 31, 2018, five costumers accounted for 21%, 20%, 14%, 11%, and 10%, respectively, of the Company’s total revenues.