Revenue

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue

Note 3. Revenue

Disaggregation of Revenues

The Company disaggregate 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 years ended December 31, 2023, 2022 and 2021, based on the disaggregation criteria described above are as follows (in thousands):

	Year Ended December 31,
	2023					2022					2021
	Revenue		% of Revenue			Revenue		% of Revenue			Revenue		% of Revenue
Revenue by primary geographical    market:
North America	$	2,815		65	%	$	2,965		71	%	$	8,816		95	%
EMEA		728		17	%		1,085		26	%		232		3	%
Asia		769		18	%		142		3	%		217		2	%
Total	$	4,312		100	%	$	4,192		100	%	$	9,265		100	%
Revenue by timing of recognition:
Recognized at a point in time	$	3,877		90	%	$	2,735		65	%	$	1,776		19	%
Recognized over time		435		10	%		1,457		35	%		7,489		81	%
Total	$	4,312		100	%	$	4,192		100	%	$	9,265		100	%

The point in time revenue was primarily related to the product revenue and overtime revenue was from non-recurring engineering services.

For the year ended December 31, 2023 two customers accounted for 23% and 22% of the Company's revenue. For the year ended December 31 2022 and 2021, one customer accounted for 81% and 80% of the Company’s revenue, respectively.

Contract Assets and Contract Liabilities

As of December 31, 2023 and 2022, the Company had contract assets of $0.1 million and $0.2 million, respectively, recognized in other current assets. As of December 31, 2023, the Company had contract liability of $2.1 million, recognized in other current liability. The Company had no contract liability, as of December 31, 2022.

Remaining Performance Obligations

The majority of the Company’s customer contracts allow customers to terminate for convenience or have an original duration of one year or less.

As of December 31, 2023, the total amount of the transaction price allocated to unsatisfied performance obligations for contracts with an original duration greater than one year was $25.0 million, of which approximately 20% is expected to be recognized as revenue over the next 12 months, and the remainder thereafter.

As of December 31, 2022, the total amount of the transaction price allocated to unsatisfied performance obligations for contracts with an original duration greater than one year was immaterial.