Quarterly report pursuant to Section 13 or 15(d)

SELECTED FINANCIAL STATEMENT - ASSETS

v3.23.3
SELECTED FINANCIAL STATEMENT - ASSETS
9 Months Ended
Sep. 30, 2023
Balance Sheet Related Disclosures [Abstract]  
SELECTED FINANCIAL STATEMENT - ASSETS

NOTE 4 — SELECTED FINANCIAL STATEMENT — ASSETS

Inventories consisted of the following (in thousands):

 

 

September 30, 2023

 

 

December 31, 2022

 

Raw materials and components

$

1,362

 

 

$

1,393

 

Work-in-process

 

228

 

 

 

513

 

Finished goods

 

5,100

 

 

 

5,428

 

Inventory reserve

 

(5,040

)

 

 

(4,955

)

Total inventories, net

$

1,650

 

 

$

2,379

 

 

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

 

 

September 30, 2023

 

 

December 31, 2022

 

Prepaid insurance

$

132

 

 

$

598

 

Prepaid expenses

 

736

 

 

 

467

 

Other current assets

 

647

 

 

 

449

 

Total prepaid expenses and other current assets

$

1,515

 

 

$

1,514

 

 

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

 

 

September 30, 2023

 

 

December 31, 2022

 

Equipment

$

377

 

 

$

367

 

Leasehold improvements

 

39

 

 

 

39

 

Furniture and fixtures

 

99

 

 

 

99

 

Total property and equipment

 

515

 

 

 

505

 

Less: accumulated depreciation

 

(455

)

 

 

(430

)

Total property and equipment, net

$

60

 

 

$

75

 

 

During the three months ended September 30, 2023 and 2022, depreciation expense was approximately $7,000 and $9,000, respectively. During the nine months ended September 30, 2023 and 2022, depreciation expense was approximately $26,000 and $30,000, respectively.