|9 Months Ended|
Sep. 30, 2022
|Revenue from Contract with Customer [Abstract]|
The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:
Revenue by Geographic Area
The Company currently sells its products in the Americas and other locations as follows:
Contract Assets and Liabilities
The amount of revenue recognized during the three and nine months ended September 30, 2022 included in contract liabilities as of December 31, 2021 was $0.9 million and $2.5 million, respectively. The amount of revenue recognized during the three and nine months ended September 30, 2021 included in contract liabilities as of December 31, 2020 was $0.3 million and $0.8 million, respectively. The change in contract assets reflects the difference in timing between our satisfaction of remaining performance obligations and the Company’s contractual right to bill its customers. The Company had no material asset impairment charges related to contract assets in the periods presented.
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef