XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 9,821 $ 13,922 [1]
Accounts receivable [2] 6,417 6,229 [1]
Receivable from related party 2,382 3,539 [1]
Inventories 11,129 10,608 [1]
Prepaid expenses and other current assets 1,216 1,468 [1]
Total current assets 30,965 35,766 [1]
Property and equipment, net 397 462 [1]
Intangible assets, net 1,810 1,977 [1]
Goodwill 965 965 [1]
Operating lease right-of-use assets, net 1,138 1,665 [1]
Other long-term assets 1,664 1,455 [1]
Total assets 36,939 42,290 [1]
Current liabilities:    
Accounts payable 4,144 3,858 [1]
Payable to related party 134 15 [1]
Accrued compensation 2,163 2,448 [1]
Accrued expenses 1,395 1,548 [1]
Other current liabilities 825 968 [1]
Accrued warranty 215 168 [1]
Deferred revenue 2,310 2,411 [1]
Current portion of lease liabilities 1,049 1,037 [1]
Total current liabilities 12,235 12,453 [1]
Long-term liabilities:    
Accrued warranty 138 106 [1]
Deferred revenue 10,881 11,742 [1]
Operating lease liabilities 210 732 [1]
Other long-term liabilities 25 26 [1]
Total liabilities 23,489 25,059 [1]
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding 0 0 [1]
Common stock, $0.01 par value: Authorized: 30,000,000 shares; Issued and outstanding 16,206,382 and 15,989,662 shares as of July 1, 2023 and December 31, 2022, respectively 171 169 [1]
Additional paid-in capital 87,647 86,802 [1]
Accumulated other comprehensive loss (40) (24) [1]
Accumulated deficit (74,328) (69,716) [1]
Total stockholders’ equity 13,450 17,231 [1]
Total liabilities and stockholders’ equity $ 36,939 $ 42,290 [1]
[1] Derived from the audited consolidated financial statements included in the Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2022.
[2] Prior to our adoption of Accounting Standard Update 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2023, the allowance for credit losses related to accounts receivable was not applicable and is therefore presented as $0 at December 31, 2022. See Note 3 for additional details.