16. Segment Reporting

The Company operates in one reportable segment related to the development and sales of low-power, high-definition (HD), Ultra HD video compression, image processing and computer vision solutions. The Chief Executive Officer of the Company has been identified as the Chief Operating Decision Maker (the “CODM”) and manages the Company’s operations as a whole. For the purpose of evaluating financial performance and allocating resources, the CODM reviews financial information presented on a consolidated basis accompanied by information by customer and geographic region.

Geographic Revenue

The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.

Substantially all of the Company’s property and equipment were located in the United States, Asia Pacific region and Europe. As of January 31, 2022, the net amount of these fixed assets located in these regions was approximate $3.1 million, $5.6 million and $1.5 million, respectively. As of January 31, 2021, the net amount of these fixed assets located in these regions was approximately $2.0 million, $2.4million and $1.1 million, respectively.

Major Customers

The customers representing 10% or more of revenue and accounts receivable for the fiscal years ended January 31, 2022, 2021 ad 2020 were Wintech and Chicony. For the fiscal years ended January 31, 2022, 2021 and 2020, Wintech accounted for approximately 62%, 63% and 60% of total revenue, respectively. For the fiscal years ended January 31, 2022, 2021 and 2020, Chicony accounted for approximately 13%, 16% and 18% of total revenue, respectively. Accounts receivable with Wintech and Chicony were approximately $23.3 million and $7.4 million as of January 31, 2022, respectively. Accounts receivable with Wintech and Chicony were approximately $12.0 million and $8.6 million as of January 31, 2021, respectively.