SIGNIFICANT CUSTOMERS, CONCENTRATION OF CREDIT RISK AND GEOGRAPHIC INFORMATION

6 Months Ended

Jun. 30, 2018

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 ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Customer A		18	%		15	%		18	%		15	%
Customer B		13	%		11	%		15	%		11	%
Customer C		*	%		25	%		*	%		21	%

*Less than 10% of total net revenues

Net revenues by geographic area are as follows:

	Three months ended June 30,				Six months ended June 30,
	2018		2017		2018		2017
	(in thousands)				(in thousands)
United States	$	1,159	$	1,763	$	2,421	$	2,989
Asia and Middle East		1,247		1,167		2,361		2,324
Europe and other		277		334		474		835
Revenue, net	$	2,683	$	3,264	$	5,256	$	6,148

Revenues by geographic area are based on the country of shipment destination. 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 June 30, 2018, three customers accounted for 40%,  20% and 10%  of total accounts receivable, respectively. At December 31, 2017, three customers accounted for 35%,  10% and 10% of total accounts receivable, respectively. Our allowance for doubtful accounts was $0 and $32 thousand at June 30, 2018 and December 31, 2017, respectively.

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

	June 30,		December 31,
	2018		2017
	(in thousands)
United States	$	115	$	103
Asia		627		491
Total long-lived assets	$	742	$	594