REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2019

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue to segment revenue as well as revenue by geographical regions

	Three months ended				Nine months ended
	September 30,				September 30,
Target Market	2019		2018		2019			2018
Vehicle	$	33,001	$	31,717	$	97,375	$	95,071
Industrial		30,572		24,668		94,076		76,633
Medical		14,550		10,732		39,180		31,214
Aerospace & Defense		12,621		10,332		36,018		26,701
Other		5,889		2,643		16,510		7,030
Total	$	96,633	$	80,092	$	283,159	$	236,649

	Three months ended				Nine months ended
	September 30,				September 30,
Geography	2019		2018		2019		2018
United States	$	64,739	$	49,375	$	186,697	$	140,031
Europe		31,448		29,975		95,010		94,754
Asia		446		742		1,452		1,864
Total	$	96,633	$	80,092	$	283,159	$	236,649

Schedule of opening and closing balances of the Company's receivables, contract asset, and contract liability

The opening and closing balances of the Company’s receivables, contract asset, and contract liability are as follows (in thousands):

	Receivables		Contract Asset		Contract Liability
Opening balance at July 1, 2019	$	—	$	—	$	388
Closing balance at September 30, 2019		—		—		323
Increase/(decrease)	$	—	$	—	$	(65)

	Receivables		Contract Asset		Contract Liability
Opening balance at July 1, 2018	$	—	$	—	$	623
Closing balance at September 30, 2018		—		—		579
Increase/(decrease)	$	—	$	—	$	(44)