Annual report pursuant to Section 13 and 15(d)

Concentration of Risk, Segment and Geographic Information

v3.3.1.900
Concentration of Risk, Segment and Geographic Information
12 Months Ended
Dec. 31, 2015
Concentration Of Risk Segment And Geographic Information [Abstract]  
Concentration of Risk, Segment and Geographic Information

14.

Concentration of Risk, Segment and Geographic Information

Concentration of Risk

Cash equivalents, marketable securities, and receivables are financial instruments which potentially subject the Company to concentrations of credit risk, as well as liquidity risk for certain cash equivalents such as money market funds. The Company has not encountered such issues during 2015. The Company’s policy is to focus on investments with high credit quality and liquidity to limit the amount of credit exposure. The Company currently maintains a portfolio of cash equivalents and have not experienced any losses.

The Company has not experienced any significant credit losses and does not generally require collateral on receivables. For the year ended December 31, 2015, one customer represented 67% of total revenue, and as of December 31, 2015, four customers represented 39%, 25%, 18% and 10% of the accounts receivable balance.

For the year ended December 31, 2014, two customers represented 51% and 28% of total revenues, and as of December 31, 2014, three customers represented 44%, 34% and 12% of the accounts receivable balance.

For the year ended December 31, 2013, three customers represented 43%, 26%, and 20% of total revenues.

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

Geographic Information

Revenue attributed to the following geographic regions for the years ended December 31, 2015, 2014, and 2013 was as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

United States

 

$

10,685

 

 

$

11,756

 

 

$

19,955

 

Europe

 

 

44,662

 

 

 

5,510

 

 

 

15,396

 

Asia Pacific

 

 

100

 

 

 

1,600

 

 

 

100

 

Total

 

$

55,447

 

 

$

18,866

 

 

$

35,451