Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of customers that represent 10% or more of the Company's total revenue and accounts receivable
Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash equivalents, restricted cash, marketable securities, and accounts receivable, net. We maintain substantially all of our cash and cash equivalents with U.S. and multi-national financial institutions, and our deposits are generally in excess of federally insured limits. The Company maintains its cash, cash equivalents, restricted cash, and marketable securities with financial institutions that management believes to be of high credit quality. The Company has not experienced any losses on such accounts and does not believe it is exposed to any unusual credit risk beyond the normal credit risk associated with commercial banking relationships.
Significant customers are those which represent more than 10% of the Company’s total revenue or accounts receivable, net balance at each respective balance sheet date. The following table presents customers that represent 10% or more of the Company’s total revenue for the years ended December 31, 2023 and December 31, 2022. Each customer shown is a reseller partner of the Company.
Year Ended December 31, 2023 Year Ended December 31, 2022
Motorola Solutions, Inc. 12.0   % 20.9   %
Customer A * 10.1   %
Customer B 10.4   % *
22.4   % 31.0   %
* Less than 10%
The following table presents customers that represent 10% or more of the Company’s accounts receivable, net. Each customer shown is a reseller partner of the Company.
December 31,
2023 2022
Motorola Solutions, Inc. * 39.0   %
Customer B * 16.0   %
55.0   %
* Less than 10%
Schedule of estimated useful life of property and equipment Depreciation and amortization expense are recognized using the straight-line method over the estimated useful life of each asset, as follows:
Estimated Useful Life
Computers and telecommunications equipment 3 years
Lab equipment 5 years
Software 4 years
Furniture and fixtures 5 years
Leasehold improvements
Shorter of useful life of 7 years or remaining lease term
Leased equipment
4-7 years
Internal-use software 4 years