BALANCE SHEET DETAILS

12 Months Ended

Dec. 31, 2023

Balance Sheet Related Disclosures [Abstract]

NOTE 4-BALANCE SHEET DETAILS

The following tables provide details of selected balance sheet items:


	December 31,		December 31,
	2023		2022
	(in thousands)
Inventories:
Raw materials	$	124	$	55
Work in process		85		14
Finished goods (1)		586		1,200
Total Inventories	$	795	$	1,269

(1)

Includes finished goods at customer sites were nil and approximately $0.1 million at December 31, 2023 and 2022, respectively, for which the customer has taken possession, but based on specific contractual terms, title has not yet passed to the customer and for which revenue has not yet been recognized.


	December 31,		December 31,
	2023		2022
	(in thousands)
Prepaid and other current assets
Prepaid tax (1)	$	212	$	553
Advance to suppliers		19		50
Other receivables		276		446
Prepaid and others (2)		3,248		3,046
Total Prepaid and other current assets	$	3,755	$	4,095

(1)

2023 balance includes approximately $0.2 million prepaid value added tax. 2022 balance includes $0.1 million prepaid consumption tax, $0.2 million prepaid value added tax and $0.3 million prepaid goods and service tax.

(2)

2023 balance includes $2.3 million interest receivable. 2022 balance includes $2.1 million interest receivable.


	December 31,			December 31,
	2023			2022
	(in thousands)
Property, plant and equipment, net:
Leasehold improvements	$	1,576		$	1,637
Automobiles		246			256
Computers and software		2,841			3,132
Equipment and furniture		16,775			19,668
Total		21,438			24,693
Less: accumulated depreciation		(20,828	)		(24,089	)
Total Property, plant and equipment, net	$	610		$	604

During the years ended December 31, 2023, 2022 and 2021, the Company wrote-off fully depreciated property, plant and equipment of $2.7 million with accumulated depreciation of $2.7 million, $1.4 million with accumulated depreciation of $1.4 million, and $2.4 million with accumulated depreciation of $2.4 million, respectively.


	December 31,		December 31,
	2023		2022
	(in thousands)
Other current liabilities:
Warranty costs	$	66	$	67
Accrued professional fees		715		702
Accrued other taxes		671		878
Provision for liquidation damages		251		1,031
Contract deposits		592		604
Others		643		611
Total other current liabilities	$	2,938	$	3,893


	December 31,		December 31,
	2023		2022
	(in thousands)
Other long-term liabilities
Non-current income tax payable	$	1,021	$	1,000
Total other long-term liabilities	$	1,021	$	1,000