Quarterly report pursuant to Section 13 or 15(d)

SELECTED FINANCIAL STATEMENT - ASSETS

v3.22.2.2
SELECTED FINANCIAL STATEMENT - ASSETS
9 Months Ended
Sep. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
SELECTED FINANCIAL STATEMENT - ASSETS

NOTE 4 — SELECTED FINANCIAL STATEMENT — ASSETS

Inventories consisted of the following (in thousands):

 

 

September 30, 2022

 

 

December 31, 2021

 

Raw materials and components

$

1,493

 

 

$

1,439

 

Work-in-process

 

278

 

 

 

115

 

Finished goods

 

5,598

 

 

 

6,228

 

Inventory reserve

 

(4,630

)

 

 

(3,390

)

Total inventories, net

$

2,739

 

 

$

4,392

 

 

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

 

 

September 30, 2022

 

 

December 31, 2021

 

Prepaid insurance

$

134

 

 

$

660

 

Prepaid expenses

 

328

 

 

 

326

 

Other current assets

 

511

 

 

 

394

 

Total prepaid expenses and other current assets

$

973

 

 

$

1,380

 

 

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

 

 

September 30, 2022

 

 

December 31, 2021

 

Equipment

$

360

 

 

$

342

 

Leasehold improvements

 

39

 

 

 

39

 

Furniture and fixtures

 

99

 

 

 

103

 

Construction-in-progress

 

 

 

 

57

 

Total property and equipment

 

498

 

 

 

541

 

Less: accumulated depreciation

 

(420

)

 

 

(394

)

Total property and equipment, net

$

79

 

 

$

147

 

 

During the three months ended September 30, 2022 and 2021, depreciation expense was approximately $9,000 and $11,000, respectively. During the nine months ended September 30, 2022 and 2021, depreciation expense was approximately $30,000 and $34,000, respectively.