Annual report pursuant to Section 13 and 15(d)

SELECTED FINANCIAL STATEMENT ASSETS

v3.24.2
SELECTED FINANCIAL STATEMENT ASSETS
12 Months Ended
Dec. 31, 2023
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

 

 

2023

 

 

2022

 

Raw materials and components

$

1,329

 

 

$

1,393

 

Work-in-process

 

186

 

 

 

513

 

Finished goods

 

5,163

 

 

 

5,428

 

Inventory reserve

 

(4,967

)

 

 

(4,955

)

Total inventories, net

$

1,711

 

 

$

2,379

 

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

 

 

As of December 31

 

 

2023

 

 

2022

 

Prepaid insurance

$

595

 

 

$

598

 

Prepaid expenses

 

536

 

 

 

467

 

Other current assets

 

596

 

 

 

449

 

Total prepaid expenses and other current assets

$

1,727

 

 

$

1,514

 

 

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

 

 

As of December 31

 

2023

 

 

2022

 

Equipment

$

383

 

 

$

367

 

Leasehold improvements

 

39

 

 

 

39

 

Furniture and fixtures

 

99

 

 

 

99

 

Total property and equipment

 

521

 

 

 

505

 

Less: accumulated depreciation

 

(462

)

 

 

(430

)

Total property and equipment, net

$

59

 

 

$

75

 

 

For the years ended December 31, 2023 and 2022, depreciation expenses were approximately $32,000 and $39,000, respectively reported in general and administrative expenses in the consolidated statements of operations.