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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Summary of Significant Accounting Policies  
Schedule of accounts receivable net

Accounts receivable, net consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

December 31, 

 

 

2019

 

2018

Trade accounts receivable

 

$

5,454

 

$

7,297

Unbilled accounts receivable

 

 

576

 

 

938

Allowance for product returns and price concessions

 

 

(231)

 

 

(713)

Accounts receivable, net

 

$

5,799

 

$

7,522

 

Schedule of revenue and accounts receivable for each significant customer

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

Accounts Receivable

 

 

 

Year Ended December 31, 

 

December 31, 

 

Customers

 

2019

    

2018

    

2019

    

2018

 

Customer A

 

21

%

*

 

41

%

23

%

Customer B

 

12

%

*

 

*

 

*

 

Customer C

 

12

%

*

 

*

 

*

 

Customer D

 

10

%

13

%

*

 

*

 

Customer E

 

*

 

*

 

*

 

11

%

Customer F

 

*

 

*

 

11

%

*

 

Customer G

 

*

 

11

%

*

 

*

 

Customer H

 

*

 

10

%

*

 

*

 

Customer I

 

*

 

*

 

*

 

21

%

Customer J

 

*

 

*

 

*

 

11

%


*Less than 10%

Schedule of fair value of financial assets and liabilities measured on recurring basis

The following tables sets forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

 

 

  

 

 

  

 

 

  

 

 

Money market funds

 

$

12,367

  

$

 —

  

$

 —

  

$

12,367

Total assets measured at fair value

 

$

12,367

  

$

 —

  

$

 —

  

$

12,367

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

  

 

 

  

 

 

  

 

 

Warrant liability

 

$

 —

  

$

 —

  

$

33

  

$

33

Total liabilities measured at fair value

 

$

 —

  

$

 —

  

$

33

  

$

33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

 

 

  

 

 

  

 

 

  

 

 

Money market funds

 

$

23,478

  

$

  

$

  

$

23,478

Total assets measured at fair value

 

$

23,478

  

$

 —

  

$

 —

  

$

23,478

 

Schedule of estimated useful lives of the assets

 

 

 

 

Useful Lives

Computer and network equipment

 

2 years

Manufacturing equipment

 

2 – 7 years

Furniture and fixtures

 

7 years

Software

 

3 years