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

9 Months Ended

Sep. 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 September 30,										Nine Months Ended September 30,
	201 7					201 6					201 7					201 6
Revenue – geographic activity (in thousands):	(unaudited)					(unaudited)					(unaudited)					(unaudited)
		$	%				$	%				$	%				$	%
North America	$	1,962		71.2	%	$	1,394		52.3	%	$	4,785		64.1	%	$	3,852		53.6	%
Europe		356		12.9	%		557		20.9	%		1,447		19.4	%		1,518		21.1	%
Asia Pacific		396		14.4	%		686		25.7	%		1,113		14.9	%		1,724		24.0	%
Other		41		1.5	%		29		1.1	%		116		1.6	%		92		1.3	%
	$	2,755		100.0	%	$	2,666		100.0	%	$	7,461		100.0	%	$	7,186		100.0	%

One customer accounted for

14.6%

of the Company

’s net revenue for the

three

months ended

September 30, 2017.  

One

customer accounted for

12.3%

of the Company’s net revenue for the

three

months ended

September 30, 2016.

One customer accounted for

15.0%

of the Company

’s net revenue for the

nine

months ended

September 30, 2017.  

The customer’s accounts receivable balance totaled

9.3%

of net accounts receivable as of

December 31, 2016.  

One customer accounted for

10.7%

of the Company’s net revenue for the

nine

months ended

September 30, 2016.