Revenue from Contracts with Customers | Note 3. Revenue from Contracts with Customers Disaggregation of Revenue The following table summarizes the Company’s product and service revenue disaggregated by geographic region, which is determined based on customer location, for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 United States $ 4,097 $ 3,942 $ 8,067 $ 7,380 South Korea 662 1,190 2,096 2,188 Europe 956 921 2,575 1,810 Asia (excluding South Korea) 771 633 1,551 1,175 Other 137 96 275 161 Total 1 $ 6,623 $ 6,782 $ 14,564 $ 12,714 1 Leases Contract Balances The following table provides information about receivables and contract liabilities from contracts with customers: Classification As of June 30, 2022 As of December 31, 2021 Accounts receivable, current Accounts receivable, net $ 2,760 $ 4,638 Notes receivable, current Notes receivable, net $ 164 $ 350 Notes receivable, long-term Notes and other receivables, long-term, net $ 29 $ 121 Contract liability, current Deferred revenue $ 937 $ 904 Contract liability, non-current Other long-term liabilities $ 37 $ 66 Accounts Accounts receivables, net, include amounts billed and due from customers. The amounts due are stated at their net estimated realizable value and are classified as current or noncurrent based on the timing of when the Company expects to receive payment. Most customers are on pre-paid or 30-day payment terms, depending on the product purchased. The Company maintains an allowance for expected credit losses to provide for the estimated amount of receivables that will not be collected. The allowance is based upon an assessment of customer credit worthiness, historical payment experience, the age of outstanding receivables, collateral to the extent applicable and reflects the possible impact of current conditions and reasonable forecasts not already reflected in historical loss information. The following table summarizes the activity in the allowance for accounts receivable: Amount Accounts receivable, allowance for credit losses as of December 31, 2021 $ 47 Provision for credit losses (6 ) Write-offs (16 ) Accounts receivable, allowance for credit losses as of June 30, 2022 $ 25 Accounts receivable, allowance for credit losses as of December 31, 2020 $ 19 Provision for credit losses 8 Write-offs — Accounts receivable, allowance for credit losses as of June 30, 2021 $ 27 Notes Receivables, Net – Notes receivable, net includes amounts billed and due from customers under extended payment terms with a significant financing component. Interest rates on notes receivable range from 5.0% to 5.75%. The Company recorded interest income on notes receivable during the three months ended June 30, 2022 and 2021 of $3 and $9, respectively, and during the six months ended June 30, 2022 and 2021 of $8 and $19, respectively, in other income, net in the statement of operations. The following table summarizes the activity in the allowance for notes receivable: Amount Notes receivable, allowance for credit losses as of December 31, 2021 $ 63 Provision for credit losses 130 Write-offs (11 ) Notes receivable, allowance for credit losses as of June 30, 2022 $ 182 Notes receivable, allowance for credit losses as of December 31, 2020 $ 18 Provision for credit losses (3 ) Write-offs — Notes receivable, allowance for credit losses as of June 30, 2021 $ 15 Contract Liabilities – The Company’s contract liabilities consist of deferred revenue related to services and products sold to customers for which the performance obligation has not been completed by the Company. The Company classifies deferred revenue as current or noncurrent based on the timing of when it expects to recognize revenue. The noncurrent portion of deferred revenue is included in other long-term liabilities in the Company’s condensed balance sheets. The following table provides information about contract liabilities from contracts with customers: Amount Contract liabilities as of December 31, 2021 $ 970 Billings not yet recognized as revenue 637 Beginning contract liabilities recognized as revenue (633 ) Contract liabilities as of June 30, 2022 $ 974 Contract liabilities as of December 31, 2020 $ 1,051 Billings not yet recognized as revenue 713 Beginning contract liabilities recognized as revenue (622 ) Contract liabilities as of June 30, 2021 $ 1,142 Transaction Price Allocated to Future Performance Obligations At June 30, 2022, the revenue expected to be recognized in future periods related to performance obligations that are unsatisfied for executed contracts with an original duration of one year or more was approximately $4,830. The Company expects to satisfy its remaining performance obligations by December 31, 2026, with $2,433 to be satisfied by December 31, 2022, $1,907 to be satisfied by December 31, 2023, $309 to be satisfied by December 31, 2024 and $181 to be satisfied thereafter. The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with original expected lengths of one year or less or (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for the products delivered or services performed. |