v3.25.2
SIGNIFICANT CUSTOMERS AND CREDIT CONCENTRATIONS (Tables)
6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
Schedule of Concentration Risk The following customers represented 10% or more of the Company’s net revenues for the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
Customer2025202420252024
Distributor A54 %*53 %*
Distributor B
*55 %*63 %
Revenues for the three and six months ended June 30, 2025 and 2024 were attributable to the following regions:
Three Months Ended June 30,Six Months Ended June 30,
Region2025202420252024
Hong Kong60 %70 %60 %74 %
Rest of Asia16 12 20 12 
China12 
United States11 10 10 
Europe*
Total100 %100 %100 %100 %
*Impractical to disclose the revenue percentages by individual countries within Europe and therefore Europe is presented in total.
The following customers represented 10% or more of the Company’s accounts receivable.
CustomerJune 30, 2025December 31, 2024
Distributor A44 %*
Distributor B
*44 %