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Balance Sheet Components
3 Months Ended
Mar. 31, 2023
Statement Of Financial Position [Abstract]  
Balance Sheet Components

6. Balance Sheet Components

 

The Company’s inventories are stated at the lower of cost or net realizable value. Inventories consists of (in thousands):

 

 

March 31,
2023

 

 

December 31,
2022

 

Raw materials

 

$

14,489

 

 

$

13,333

 

Work-in-progress

 

 

 

 

 

55

 

Finished goods

 

 

16,120

 

 

 

15,570

 

Total

 

$

30,609

 

 

$

28,958

 

 

Property and equipment, net consists of (in thousands):

 

 

March 31,
2023

 

 

December 31,
2022

 

Building and leasehold improvements

 

$

2,742

 

 

$

1,941

 

Furniture, fixtures and office equipment

 

 

890

 

 

 

726

 

Plant and machinery

 

 

15,586

 

 

 

15,311

 

Purchased software

 

 

732

 

 

 

718

 

Total

 

 

19,950

 

 

 

18,696

 

Accumulated depreciation

 

 

(12,355

)

 

 

(11,977

)

Property and equipment, net

 

$

7,595

 

 

$

6,719

 

 

The Company recorded depreciation expenses of $0.4 million and $0.2 million during the three months ended March 31, 2023 and 2022, respectively.

Other accrued expenses and liabilities consist of (in thousands):

 

 

 

 

March 31,
2023

 

 

December 31,
2022

 

Accrued professional fees

 

$

485

 

 

$

574

 

Accrued warranties

 

 

341

 

 

 

345

 

Other accrued expenses

 

 

1,822

 

 

 

1,699

 

Total

 

$

2,648

 

 

$

2,618