Quarterly report pursuant to Section 13 or 15(d)

Entity Level Information

v3.23.2
Entity Level Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Entity Level Information

NOTE 11 —Entity Level Information

 

The Company operates in one reporting segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker, who is the chief executive officer and the chief financial officer, in deciding how to allocate resources and assessing performance. The Company’s chief operating decision maker allocates resources and assesses performance based upon discrete financial information at the consolidated level.

 

The following table summarizes the revenue by region based on ship-to destinations for the three and six months ended:

 

Schedule of Revenue by Region 

    2023     2022     2023     2022  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2023     2022     2023     2022  
U.S.   $ 8,236     $ 8,520     $ 13,386     $ 19,920  
Canada and Latin America     3,032       2,896       5,772       4,277  
Europe and Middle East     829       536       2,913       893  
Asia Pacific     14,738       3       30,565       123  
Total revenues   $ 26,835     $ 11,955     $ 52,636     $ 25,213  

 

The following table summarizes the composition of revenues for the three and six months ended:

 

Schedule of Composition of Revenues

    2023     2022     2023     2022  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2023     2022     2023     2022  
Product Sales   $ 26,834     $ 11,943     $ 52,635     $ 25,187  
Services     1       12       1       26  
Total revenues   $ 26,835     $ 11,955     $ 52,636     $ 25,213  

 

Revenue from customers with concentration greater than 10% in three and six months ended June 30, 2023 and 2022 accounted for approximately the following percentage of total revenues:

 

Schedule of Percentage of Total Revenues

    Three Months Ended June 30,     Six Months Ended June 30,  
    2023     2022     2023     2022  
Customer A     55 %     — *       57 %     — *  
Customer B     35 %     51 %     25 %     41 %
Customer C     — *       15 %     — *       14 %
Customer D     — *       —*       — *       21 %
Customer E     -*       13 %     -*       13 %

 

 

* Customer revenue did not exceed 10% in the respective period.