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Balance Sheet Details
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Details Balance Sheet Details
Inventories
Inventories consist of the following (in thousands):
June 30,
2024		December 31,
2023
Raw materials$48,462 $36,970 
Work in process4,030 889 
Finished goods27,861 24,741 
Total$80,353 $62,600 
Valuation adjustments for excess and obsolete inventory, reflected as a reduction of inventories at June 30, 2024 and December 31, 2023, were $16.3 million and $13.0 million, respectively.
Other current assets and prepaid expenses
Other current assets and a prepaid expenses consist of the following (in thousands):
June 30,
2024		December 31,
2023
Deposits with vendors$5,630 $9,501 
Prepayments4,559 3,819 
Sale tax and VAT receivable2,392 6,307 
Other380 225 
Total$12,961 $19,852 
Long-term inventories
The Company’s long-term inventories relate to AviClear devices, and parts for device manufacturing, not expected to be sold in the twelve months ended June 30, 2025. Long-term inventories consist of the following (in thousands):
June 30,
2024		December 31,
2023
Raw materials$9,175 $8,672 
Work in process— 2,049 
Finished goods4,650 5,562 
Total$13,825 $16,283 
Valuation adjustments for excess and obsolete inventory, reflected as a reduction of long-term inventories at June 30, 2024 and December 31, 2023, were $16.5 million and $12.8 million, respectively.
Property and Equipment, net
Property and equipment, net consists of the following (in thousands):
June 30,
2024		December 31,
2023
AviClear devices$30,369 $38,490 
Machinery and equipment5,545 4,944 
Office equipment and furniture1,537 1,884 
Leasehold improvements1,294 1,010 
Assets under construction959 1,274 
39,704 47,602 
Less: Accumulated depreciation(11,564)(10,327)
Property and equipment, net$28,140 $37,275 

Accrued Liabilities
Accrued liabilities consist of the following (in thousands):
June 30,
2024		December 31,
2023
Bonus and payroll-related accruals$10,970 $13,949 
Sales and marketing accruals4,080 4,929 
Product warranty3,010 2,593 
Accrued sales tax2,597 6,325 
Accrued interest1,485 1,304 
Jabil settlement obligation, net— 8,908 
Liability for inventory in transit— 5,461 
Other accrued liabilities8,214 11,586 
Total$30,356 $55,055