SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

9 Months Ended

Sep. 30, 2016

SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

NOTE 6-SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

We manage and operate our business through one operating segment.

Net revenues from customers equal to, or greater than, 10% of total net revenues are as follows:

	Three months endedSeptember 30,						Nine months ended September 30,
	2016			2015			2016			2015
	(in thousands)						(in thousands)
Customer A		23	%		23	%		21	%		21	%
Customer B		14	%		13	%		12	%		17	%
Customer C		11	%		14	%		11	%		17	%
Customer D		*	%		15	%		11	%		*	%

*Less than 10% of total net revenues

Net revenues by geographic area are as follows:

	Three months endedSeptember 30,				Nine months ended September 30,
	2016		2015		2016		2015
	(in thousands)				(in thousands)
United States	$	1,699	$	1,590	$	5,191	$	4,462
Asia		1,093		669		2,410		2,056
Europe and other		454		387		1,504		1,226
Revenue, net	$	3,246	$	2,646	$	9,105	$	7,744

Revenues by geographic area are based on the country of shipment. The geographic location of distributors and third-party manufacturing service providers may be different from the geographic location of the purchasers and/or ultimate end users.

We provide credit only to creditworthy third parties who are subject to our credit verification procedures. Accounts receivable balances are monitored on an ongoing basis, and accounts deemed to have credit risk are fully reserved. At September 30, 2016, four customers accounted for 31%,  26%,  10% and 10% of total accounts receivable, respectively. At December 31, 2015, four customers accounted for approximately 33%,  19%,  14% and 11% of total accounts receivable, respectively. Our allowance for doubtful accounts was $0 and $10 thousand as of September 30, 2016 and December 31, 2015, respectively.

Our long-lived assets (property, plant and equipment plus intangibles, net) were geographically located as follows:

	September 30,		December 31,
	2016		2015
	(in thousands)
United States	$	84	$	45
Asia		311		144
Total long-lived assets	$	395	$	189