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Balance Sheet Details
 9 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Details Balance Sheet Details
Inventories, net
As of September 30, 2023 and December 31, 2022, inventories consist of the following (in thousands):
September 30,
2023		December 31,
2022
Raw materials$37,216 $36,323 
Work in process1,349 2,117 
Finished goods23,282 25,188 
Total$61,847 $63,628 
Other current assets and prepaid expenses
Other current assets and a prepaid expenses, consists of the following (in thousands):
September 30,
2023		December 31,
2022
Deposits with vendors$10,830 $13,917 
Foreign tax receivable4,683 7,147 
Prepayments3,902 2,972 
Total$19,415 $24,036 
Property and Equipment, net
Property and equipment, net, consists of the following (in thousands):
September 30,
2023		December 31,
2022
Leasehold improvements$819 $793 
AviClear devices40,647 19,904 
Office equipment and furniture1,874 1,936 
Machinery and equipment6,879 5,106 
Assets under construction29,570 17,876 
79,789 45,615 
Less: Accumulated depreciation(9,866)(5,247)
Property and equipment, net$69,923 $40,368 
The Company's market capitalization has been declining in 2023, which created a triggering event in the three months ended September 30, 2023, and required the Company to review goodwill and long-lived assets including property and equipment for impairment. The Company concluded that an impairment was not required in the three months ended September 30, 2023. An impairment may potentially result in partial or full write-down of these balances. The Company will continue to monitor financial results and market capitalization. Should the financial results continue to deteriorate, an impairment of goodwill and property and equipment may become reasonably possible to record in the future. The Company's goodwill balance as of each of September 30, 2023 and December 31, 2022 was $1.3 million.
Refer to Note 16. Subsequent Events regarding the change in classification from December 31, 2023 of AviClear parts and devices not placed in service.
Accrued Liabilities
As of September 30, 2023 and December 31, 2022, accrued liabilities consist of the following (in thousands):
September 30,
2023		December 31,
2022
Compensation and payroll-related accruals
$16,106 $18,951 
Sales and marketing accruals4,877 5,347 
Liability for inventory in transit3,490 7,028 
Accrued interest3,469 1,851 
Product warranty2,792 3,254 
Accrued sales tax4,854 9,066 
Other accrued liabilities11,455 11,955 
Total$47,043 $57,452