Note 3 - Significant Customers, Concentration of Credit Risk, and Geographic Information

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

3

– SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK, AND GEOGRAPHIC INFORMATION

We have

no

outstanding debt nor do we utilize auction rate securities or derivative financial instruments in our investment portfolio.

Cash and other investments

may

be in excess of FDIC insurance limits.

Our financial results could be affected by changes in foreign currency exchange rates or weak economic conditions in foreign markets. As all sales are currently made in U.S. dollars, a strengthening of the dollar could make our products less competitive in foreign markets.

	Three Months Ended June 30,										Six Months Ended June 30,
	2017					2016					2017					2016
Revenue – geographic activity (in thousands):	(unaudited)					(unaudited)					(unaudited)					(unaudited)
	$		%			$		%			$		%			$		%
North America	$	1,279		56.4	%	$	1,207		50.9	%	$	2,822		60.0	%	$	2,458		54.4	%
Europe		622		27.5	%		473		20.0	%		1,092		23.2	%		961		21.3	%
Asia Pacific		313		13.8	%		636		26.8	%		717		15.2	%		1,038		23.0	%
Other		53		2.3	%		54		2.3	%		75		1.6	%		63		1.3	%
	$	2,267		100.0	%	$	2,370		100.0	%	$	4,706		100.0	%	$	4,520		100.0	%

No

customer accounted for

10%

or more of the Company’s net revenue for the

three

month period ended

June 30, 2017.  

Two

customers accounted for

10.4%

and

10.0%

of the Company’s net revenue for the

three

month period ended

June 30, 2016.

One

customer accounted for

15.0%

of the Company’s net revenue for the

six

month period ended

June 30, 2017.  

The customer’s accounts receivable balance totaled

9.6%

of net accounts receivable as of

June 30, 2017.

One

customer accounted for

12.4%

of the Company’s net revenue for the

six

month period ended

June 30, 2016.

The customer’s accounts receivable balances totaled

11.4%

of net accounts receivable as of

December 31, 2016.