Quarterly report pursuant to Section 13 or 15(d)

SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS

v3.21.2
SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS
9 Months Ended
Sep. 30, 2020
Balance Sheet Related Disclosures [Abstract]  
SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS

NOTE 4 — SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS

Inventories consisted of the following (in thousands):

 

 

September 30, 2020

 

 

December 31, 2019

 

Raw materials and components

 

$

1,486

 

 

$

1,187

 

Work-in-process

 

 

1,254

 

 

 

1,629

 

Finished goods

 

 

5,338

 

 

 

5,204

 

Inventory reserve

 

 

(656

)

 

 

(49

)

Total

 

$

7,422

 

 

$

7,971

 

 

Prepaid expenses and other current assets consisted of the following (in thousands):

 

 

 

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Prepaid insurance

 

$

545

 

 

$

735

 

Other prepaid expenses and current assets

 

 

572

 

 

 

667

 

 

 

$

1,117

 

 

$

1,402

 

 

Property and equipment consisted of the following (in thousands):

 

 

 

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Equipment

 

 

345

 

 

 

335

 

Leasehold improvements

 

 

39

 

 

 

77

 

Furniture and fixtures

 

 

99

 

 

 

95

 

Total property and equipment

 

 

483

 

 

 

507

 

Less: accumulated depreciation

 

 

(353

)

 

 

(356

)

Property and equipment, net

 

$

130

 

 

$

151

 

 

During the three months ended September 30, 2020 and 2019, depreciation expenses were approximately $12,000 and $16,000, respectively. During the nine months ended September 30, 2020 and 2019, depreciation expenses were approximately $35,000 and $44,000, respectively.