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Revenue
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Revenue

Note 3. Revenue

Disaggregation of Revenues

The Company disaggregates its revenue from contracts with customers by geographic region based on the primary billing address of the customer and timing of transfer of goods or services to customers (point-in-time or over time), as it believes it best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors. Total revenue based on the disaggregation criteria described above are as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

Revenue by primary geographical market:

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

201

 

 

 

65

%

 

$

135

 

 

 

26

%

Europe

 

 

15

 

 

 

5

%

 

 

392

 

 

 

74

%

Asia

 

 

92

 

 

 

30

%

 

 

 

 

 

 

Total

 

$

308

 

 

 

100

%

 

$

527

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by timing of recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Recognized at a point in time

 

$

293

 

 

 

95

%

 

$

135

 

 

 

26

%

Recognized over time

 

 

15

 

 

 

5

%

 

 

392

 

 

 

74

%

Total

 

$

308

 

 

 

100

%

 

$

527

 

 

 

100

%

 

Contract Assets and Contract Liabilities

As of March 31, 2021, and December 31, 2020, the Company had contract assets of $0.6 million, recognized in other current assets, and contract liabilities of $0.1 million, recognized in other current liabilities.