Annual report pursuant to Section 13 and 15(d)

SELECTED FINANCIAL STATEMENT ASSETS

v3.22.1
SELECTED FINANCIAL STATEMENT ASSETS
12 Months Ended
Dec. 31, 2021
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,

 

 

2021

 

 

2020

 

Raw materials and components

$

1,439

 

 

$

1,486

 

Work-in-process

 

115

 

 

 

721

 

Finished goods

 

6,228

 

 

 

6,064

 

Inventory reserve

 

(3,390

)

 

 

(1,184

)

Total

$

4,392

 

 

$

7,087

 

 

 

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

 

 

As of December 31,

 

 

2021

 

 

2020

 

Prepaid insurance

$

660

 

 

$

388

 

Prepaid expenses

 

326

 

 

 

454

 

Other current assets

 

394

 

 

 

643

 

Total

$

1,380

 

 

$

1,485

 

 

 

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

 

 

As of December 31,

 

 

2021

 

 

2020

 

Equipment

$

342

 

 

$

347

 

Leasehold improvements

 

39

 

 

 

39

 

Furniture and fixtures

 

103

 

 

 

99

 

Construction-in-progress

 

57

 

 

 

 

Total property and equipment

 

541

 

 

 

485

 

Less: accumulated depreciation

 

(394

)

 

 

(365

)

Property and equipment, net

$

147

 

 

$

120

 

 

For each of the years ended December 31, 2021 and 2020, depreciation expense was approximately $46,000.