Balance Sheet Components

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

BALANCE SHEET COMPONENTS

Inventories

Inventories consist of finished goods and work-in-process, and are stated at the lower of standard cost (which approximates actual cost on a first-in, first-out basis) or market (net realizable value).

Inventories consist of the following: 

	June 30, 2024		December 31, 2023
Finished goods	$	2,943	$	2,719
Work-in-process	2,078		1,249
Inventories	$	5,021	$	3,968

Property and Equipment, Net

Property and equipment, net consists of the following:

	June 30, 2024		December 31, 2023
Gross property and equipment	$	25,348	$	22,519
Less: accumulated depreciation and amortization	(18,297)		(16,522)
Property and equipment, net	$	7,051	$	5,997

Goodwill

Goodwill resulted from the acquisition of ViXS Systems, Inc. (the "Acquisition"), in 2017, whereby we recorded goodwill of $18,407.

Goodwill is not amortized; however, we review goodwill for impairment annually and whenever events or changes in circumstances indicate that the fair value of the reporting unit may be less than its carrying value. Conditions that would trigger an impairment assessment include, but are not limited to, a significant adverse change in our business climate or a current period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continued losses or adverse changes in legal factors, regulation or business environment or a sustained decrease in stock price. Our stock price has declined recently, however, combined with our assessment of other events and circumstances, we do not believe this to be a current triggering event requiring a goodwill impairment assessment as of June 30, 2024. We perform our annual impairment assessment for goodwill on November 30 of each year.

Accrued Liabilities and Current Portion of Long-Term Liabilities

Accrued liabilities and current portion of long-term liabilities consist of the following:

	June 30, 2024		December 31, 2023
Accrued payroll and related liabilities	$	2,909	$	4,286
Operating lease liabilities, current	2,266		2,381
Accrued costs related to restructuring	1,419		—
Current portion of accrued liabilities for asset financings	1,104		1,124
Other	1,450		1,901
Accrued liabilities and current portion of long-term liabilities	$	9,148	$	9,692