XML 22 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue
12 Months Ended
Dec. 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 the 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):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

Revenue by primary geographical market:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

8,816

 

 

 

95

%

 

$

4,225

 

 

 

88

%

 

$

542

 

 

 

39

%

Europe

 

 

232

 

 

 

3

%

 

 

497

 

 

 

10

%

 

 

842

 

 

 

61

%

Asia

 

 

217

 

 

 

2

%

 

 

121

 

 

 

2

%

 

 

 

 

 

0

%

Total

 

$

9,265

 

 

 

100

%

 

$

4,843

 

 

 

100

%

 

$

1,384

 

 

 

100

%

Revenue by timing of recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized at a point in time

 

$

1,776

 

 

 

19

%

 

$

1,534

 

 

 

32

%

 

$

819

 

 

 

59

%

Recognized over time

 

 

7,489

 

 

 

81

%

 

 

3,309

 

 

 

68

%

 

 

565

 

 

 

41

%

Total

 

$

9,265

 

 

 

100

%

 

$

4,843

 

 

 

100

%

 

$

1,384

 

 

 

100

%

 

For the year ended December 31, 2021, one customer accounted for 80% of the Company’s revenue. For the year ended December 31, 2020, three customers accounted for 65%, 11%, and 10%, respectively, of the Company’s revenue. For the year ended December 31, 2019, two customers accounted for 53% and 12%, respectively, of the Company’s revenue.

Contract Assets and Contract Liabilities

As of December 31, 2021, and December 31, 2020, the Company had contract assets of $4.1 million and $0.6 million, respectively, recognized in other current assets. A contract liability of $0.1 million as of December 31, 2020, was recognized in other current liabilities. The Company had no contract liability, as of December 31, 2021.