Note 9 - Significant Customers, Concentration of Credit Risk, and Geographic Information

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

9

– 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,
	2019					2018					2019					2018
Revenue – geographic activity (in thousands):	(unaudited)					(unaudited)					(unaudited)					(unaudited)
		$	%				$	%				$	%				$	%
North America	$	2,267		61.2	%	$	1,723		54.6	%	$	6,184		61.9	%	$	5,082		54.5	%
Europe		418		11.3	%		545		17.3	%		1,195		11.9	%		1,427		15.3	%
Asia Pacific		1,016		27.4	%		883		28.0	%		2,576		25.8	%		2,769		29.7	%
Other		2		0.1	%		3		0.1	%		43		0.4	%		42		0.5	%
	$	3,703		100.0	%	$	3,154		100.0	%	$	9,998		100.0	%	$	9,320		100.0	%

Two customers accounted for

20.7%

and

11.0%

of the Company’s net revenue for the

three

-month period ended

September 30, 2019.  

At

September 30, 2019,

the same

two

customers were

36.7%

of the accounts receivable balance. The accounts receivable balances totaled

6.3%

of net accounts receivable for the same

two

customers as of

December 31, 2018.

Two customers accounted for

23.5%

and

11.0%

of the Company’s net revenue for the

nine

-month period ended

September 30, 2019.  

At

September 30, 2019,

the same

two

customers were

31.9%

of the accounts receivable balance.