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Revenue
6 Months Ended
Jun. 30, 2022
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 for the three months ended June 30, 2022 and 2021, based on the disaggregation criteria described above are as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

Revenue by primary geographical market:

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

1,410

 

 

 

94

%

 

$

2,481

 

 

 

95

%

EMEA

 

 

58

 

 

 

4

%

 

 

40

 

 

 

2

%

Asia

 

 

25

 

 

 

2

%

 

 

80

 

 

 

3

%

Total

 

$

1,493

 

 

 

100

%

 

$

2,601

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by timing of recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Recognized at a point in time

 

$

466

 

 

 

31

%

 

$

241

 

 

 

9

%

Recognized over time

 

 

1,027

 

 

 

69

%

 

 

2,360

 

 

 

91

%

Total

 

$

1,493

 

 

 

100

%

 

$

2,601

 

 

 

100

%

Total revenue for the six months ended June 30, 2022 and 2021, based on the disaggregation criteria described above are as follows (in thousands):

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

Revenue

 

 

% of Revenue

 

 

Revenue

 

 

% of Revenue

 

Revenue by primary geographical market:

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

2,521

 

 

 

96

%

 

$

2,682

 

 

 

92

%

EMEA

 

 

84

 

 

 

3

%

 

 

55

 

 

 

2

%

Asia

 

 

25

 

 

 

1

%

 

 

172

 

 

 

6

%

Total

 

$

2,630

 

 

 

100

%

 

$

2,909

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by timing of recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Recognized at a point in time

 

$

677

 

 

 

26

%

 

$

534

 

 

 

18

%

Recognized over time

 

 

1,953

 

 

 

74

%

 

 

2,375

 

 

 

82

%

Total

 

$

2,630

 

 

 

100

%

 

$

2,909

 

 

 

100

%

For the three months ended June 30, 2022, two customers accounted for 69% and for the three months ended June 20, 2021 one customer accounted for 90% of the Company’s revenue, respectively.

For the six months ended June 30, 2022, two customers accounted for 74% and for the six months ended June 20, 2021 one customer accounted for 81% of the Company’s revenue, respectively.

Contract Assets and Contract Liabilities

As of June 30, 2022, and December 31, 2021, the Company had contract assets of $6.0 million and $4.1 million, recognized in other current assets. The Company had no contract liability, as of June 30, 2022 and December 31, 2021.