Concentration of Credit Risk

9 Months Ended

Sep. 30, 2016

Note 14. Concentration of Credit Risk

(a)Concentration of Sales and Accounts Receivable

The following represents customers that accounted for 10% or more of total revenue during the three months ended September 30, 2016 and 2015 and the nine months ended September 30, 2016 and 2015 and customers that accounted for 10% or more of total trade accounts receivable at September 30, 2016 and 2015.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Percentage of net revenue
Customer A		30	%		27	%		31	%		22	%
Customer B		20			14			18			15
Customer C		7			13			6			13

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Percentage of gross trade accounts receivable
Customer A		25	%		19	%		24	%		17	%
Customer B		12			10			13			13
Customer C		3			11			4			8

(b)	Revenue by Geography

Net revenue by geographic area are as follows. Revenue is attributed by geographic location based on the bill-to location of the Company’s customers.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Percentage of net revenue
China		69	%		60	%		72	%		62	%
Other Asia		14			27			12			23
North America		12			7			11			8
Europe		5			6			5			7

Although the Company ships the majority of antennas to its customers in China (primarily ODM’s and distributors), the end-users of the Company’s products are much more geographically diverse.

(c)	Concentration of Purchases

During the three and nine months ended September 30, 2016 and 2015, all of the Company’s products were manufactured by two vendors in China.