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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Summary of Company's Restricted Cash

A summary of the Company’s restricted cash at December 31, 2014 and 2013 is as follows:

 

     As of December 31,  
     2014      2013  
     (in thousands)  

Certificates of deposit

   $ 5       $ 5   

Flexible spending funds

     4         8   

Fixed deposit pledge

     174         152   
  

 

 

    

 

 

 
$ 183    $ 165   
  

 

 

    

 

 

Activity of Allowance for Doubtful Accounts

The following table shows the activity of the allowance for doubtful accounts:

 

     Year ended December 31,  
     2014      2013  
     (in thousands)  

Beginning balance

   $ 50       $ 286   

Charges to costs and expenses

     105         24   

Accounts charged off, less recoveries

     (15      (260
  

 

 

    

 

 

 

Ending balance

$ 140    $ 50   
  

 

 

    

 

 

Inventories

Inventories are composed of the following:

 

     As of December 31,  
     2014      2013  
     (in thousands)  

Raw materials

   $ 14,503       $ 18,651   

Work in progress

     6,357         10,337   

Finished goods

     1,879         5,324   
  

 

 

    

 

 

 
$ 22,739    $ 34,312   
  

 

 

    

 

 

Property and Equipment

Property and equipment consisted of the following:

 

     As of December 31,  
     2014      2013  
     (in thousands)  

Land and land improvements

   $ 4,133       $ 4,133   

Buildings

     32,482         32,269   

Machinery, equipment and tooling

     127,158         121,313   

Leasehold improvements

     7,640         7,696   

Furniture and fixtures

     961         949   

Information systems

     1,140         1,077   

Construction in progress

     3,734         5,221   
  

 

 

    

 

 

 

Total cost

  177,248      172,658   

Accumulated depreciation and amortization

  (69,572   (57,438
  

 

 

    

 

 

 

Property and equipment, net

$ 107,676    $ 115,220   
  

 

 

    

 

 

Property and Equipment, Estimated Useful Lives

The estimated useful lives are as follows:

 

Asset description

  

Life

Buildings    39 years
Machinery, equipment and tooling    3-10 years
Leasehold improvements    Lesser of life of lease or economic life
Furniture and fixtures    7 years
Information systems    3 years

 

Product Warranty Liability

The following table presents changes in the Company’s product warranty liability:

 

     Year ended
December 31,
 
     2014      2013  
     (in thousands)  

Balance, beginning of period

   $ 141       $ 101   

Charged to cost of sales

     407         102   

Actual product warranty expenditures

     (451      (62
  

 

 

    

 

 

 

Balance, end of period

$ 97    $ 141   
  

 

 

    

 

 

Components of Comprehensive Income (Loss)

A summary of the components of comprehensive income (loss) for the years ended December 31, 2014 and 2013 follows:

 

     Year Ended December 31,  
     2014      2013  
     (in thousands)  

Reclassification of unrealized gain included in net loss

   $ 388       $ —    

Unrealized loss on investments, net of tax

     (415      (406

Unrealized loss on currency translation

     (16      (12
  

 

 

    

 

 

 

Ending Balance

$ (43 $ (418
  

 

 

    

 

 

Anti-Dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share

The number of anti-dilutive shares excluded from the calculation of diluted net loss per share is as follows as of December 31:

 

     2014      2013  

Warrants

     46,290         179,252   

Stock options

     4,146         56,892   
  

 

 

    

 

 

 
  50,436      236,144