Annual report pursuant to Section 13 and 15(d)

Concentration of Risk, Segment and Geographic Information

v3.6.0.2
Concentration of Risk, Segment and Geographic Information
12 Months Ended
Dec. 31, 2016
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 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 2016 and 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, 2016, three customers represented 27%, 22%, and 19% of total revenues, and as of December 31, 2016, one customer represented 85% of the accounts receivable balance.

For the year ended December 31, 2015, one customer represented 67% of total revenues, 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.

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 for the years ended December 31, 2016, 2015, and 2014 was as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

United States

 

$

3,822

 

 

$

10,685

 

 

$

11,756

 

Europe

 

 

1,642

 

 

 

44,662

 

 

 

5,510

 

Asia Pacific

 

 

100

 

 

 

100

 

 

 

1,600

 

Total

 

$

5,564

 

 

$

55,447

 

 

$

18,866

 

 

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