Quarterly report pursuant to Section 13 or 15(d)

SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS

v3.21.2
SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS
3 Months Ended
Mar. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS

NOTE 4 — SELECTED FINANCIAL STATEMENT CAPTIONS - ASSETS

Inventories consisted of the following (in thousands):

 

March 31, 2021

 

 

December 31, 2020

 

Raw materials and components

$

1,486

 

 

$

1,486

 

Work-in-process

 

690

 

 

 

721

 

Finished goods

 

5,913

 

 

 

6,064

 

Inventory reserve

 

(1,349

)

 

 

(1,184

)

Total

$

6,740

 

 

$

7,087

 

 

 

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

 

March 31, 2021

 

 

December 31, 2020

 

Prepaid insurance

$

236

 

 

$

388

 

Prepaid expenses

 

397

 

 

$

454

 

Due from EJ Holdings

 

400

 

 

$

376

 

Other current assets

 

237

 

 

 

267

 

Total

$

1,270

 

 

$

1,485

 

 

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

 

 

March 31, 2021

 

 

December 31, 2020

 

Equipment

$

331

 

 

$

347

 

Leasehold improvements

 

39

 

 

 

39

 

Furniture and fixtures

 

99

 

 

 

99

 

Total property and equipment

 

469

 

 

 

485

 

Less: accumulated depreciation

 

(360

)

 

 

(365

)

Property and Equipment, net

$

109

 

 

$

120

 

 

During the three months ended March 31, 2021 and March 31, 2020, depreciation expense was approximately $11,000 and $12,000, respectively.