16. Concentration of Risk, Segment and Geographic Information

Concentration of Risk

Cash and receivables are financial instruments which potentially subject the Company to concentrations of credit risk, as well as liquidity risk. 

The Company has not experienced any significant credit losses and does not generally require collateral on receivables. For the year ended December 31, 2019, two partners represented 76% and 14% of total revenues. For the year ended December 31, 2018, three partners represented 34%,  25%, and 14% of total revenues. As of December 31, 2019, one partner represented 100% of the trade receivables balance. As of December 31, 2018, two partners represented 67% and 28% of the trade receivables balance. 

Segment Information

The Company has determined that it operates in one business segment as it only reports operating results on an aggregate basis to the chief operating decision maker of the Company.

Geographic Information

Revenue attributed to the following geographic regions was as follows (in thousands) based on the location of the licensees:

The Company’s property and equipment is held in the United States.