Annual report pursuant to Section 13 and 15(d)

SELECTED FINANCIAL STATEMENT ASSETS

v3.23.1
SELECTED FINANCIAL STATEMENT ASSETS
12 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
SELECTED FINANCIAL STATEMENT ASSETS

NOTE 4—SELECTED FINANCIAL STATEMENT ASSETS

Inventories consisted of the following (in thousand):

 

As of December 31

 

 

2022

 

 

2021

 

Raw materials and components

$

1,393

 

 

$

1,439

 

Work-in-process

 

513

 

 

 

115

 

Finished goods

 

5,428

 

 

 

6,228

 

Inventory reserve

 

(4,955

)

 

 

(3,390

)

Total inventories, net

$

2,379

 

 

$

4,392

 

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

 

 

As of December 31

 

 

2022

 

 

2021

 

Prepaid insurance

$

598

 

 

$

660

 

Prepaid expenses

 

467

 

 

 

326

 

Other current assets

 

449

 

 

 

394

 

Total prepaid expenses and other current assets

$

1,514

 

 

$

1,380

 

 

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

 

 

As of December 31

 

 

2022

 

 

2021

 

Equipment

$

367

 

 

$

342

 

Leasehold improvements

 

39

 

 

 

39

 

Furniture and fixtures

 

99

 

 

 

103

 

Construction-in-progress

 

 

 

 

57

 

Total property and equipment

 

505

 

 

 

541

 

Less: accumulated depreciation

 

(430

)

 

 

(394

)

Total property and equipment, net

$

75

 

 

$

147

 

 

For the years ended December 31, 2022 and 2021, depreciation expenses were approximately $39,000 and $46,000, respectively.