REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2019

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue to segment revenue as well as revenue by geographical regions

	For the three months ended
	March 31,
Target Market	2019		2018
Vehicle	$	33,596	$	32,162
Industrial		31,311		23,892
Medical		12,410		10,644
Aerospace & Defense		11,253		7,811
Other		5,326		2,067
Total	$	93,896	$	76,576

	For the three months ended
	March 31,
Geography	2019		2018
United States	$	59,314	$	44,170
Europe		34,167		31,831
Asia		412		574
Other		3		1
Total	$	93,896	$	76,576

Schedule of opening and closing balances of the Company's receivables, contract asset, and contract liability

The opening and closing balances of the Company’s receivables, contract asset, and contract liability are as follows (in thousands):

	Receivables		Contract Asset		Contract Liability
Opening balance at 1/1/2019	$	—	$	—	$	533
Closing balance at 3/31/2019		—		—		442
Increase/(Decrease)	$	—	$	—	$	(91)

	Receivables		Contract Asset		Contract Liability
Opening balance at 1/1/2018	$	—	$	—	$	719
Closing balance at 3/31/2018		—		—		702
Increase/(Decrease)	$	—	$	—	$	(17)