|12 Months Ended|
Dec. 31, 2021
NOTE 5 — Accounts Receivable
The following table presents the components of the Company’s receivables as of December 31, 2021 and 2020:
The Company has non-trade receivables from a manufacturing vendor resulting from the sale of components to this vendor who manufactures and assembles final products for the Company.
The Company analyzes the need for reserves for potential credit losses and records allowances for doubtful accounts when necessary. The Company had allowances for such losses totaling approximately $932 and $65 as of December 31, 2021 and 2020, respectively. The entire amount of the allowance at December 31, 2021, was for a distributor who is not a 10% customer.
Trade receivables from one customer approximated 70% of total accounts receivable at December 31, 2021, and receivables from two customers approximated 26% and 10% of total trade receivables at December 31, 2020.
The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
No definition available.