Annual report pursuant to Section 13 and 15(d)

Entity Level Information (Tables)

v3.20.4
Entity Level Information (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Summary of Revenue by Region

Segment 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, 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 periods ended:

 

 

 

For the Years Ended

 

 

 

December 31

 

 

 

2020

 

 

2019

 

U.S.

 

$

46,107

 

 

$

90,597

 

Canada and Latin America

 

 

14,228

 

 

 

17,400

 

Europe and Middle East

 

 

1,978

 

 

 

5,308

 

Asia Pacific

 

 

1,679

 

 

 

2,946

 

 

 

$

63,992

 

 

$

116,251

 

Composition of Revenues

The composition of revenues is as follows:

 

 

 

For the Years Ended

 

 

 

December 31

 

 

 

2020

 

 

2019

 

Product Sales

 

$

63,627

 

 

$

115,807

 

Services

 

 

365

 

 

 

444

 

Total revenues

 

$

63,992

 

 

$

116,251

 

Percentage of Total Revenues

                          

Revenue from certain customers in 2020 and 2019 accounted for approximately the following percentage of total revenues:

 

 

 

For the Years Ended

December 31,

 

 

 

2020

 

 

2019

 

Customer A

 

 

15

%

 

37

%

Customer B

 

 

10

%

 

 

18

%

Customer C

 

 

40

%

 

 

15

%

Customer D

 

11

%

 

 

*

Total

 

 

76

%

 

 

70

%

 

*

Customer revenue did not exceed 10% in the respective periods.