Balance Sheet Components

9 Months Ended

Sep. 30, 2020

Balance Sheet Components

Balance Sheet Components

4. Balance Sheet Components

Inventory

Inventory consisted of the following (in thousands):

	September 30,		December 31,
	2020		2019
Raw materials	$	366	$	119
Work-in-process		5,042		6,329
Finished goods		765		1,415
Total inventory	$	6,173	$	7,863

During the three months ended September 30, 2020, the Company recorded a $1.7 million reserve for excess and obsolete inventory as a result of management’s quarterly assessment of declining forecasted demand and the loss of certain designs in the period.

Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

	September 30,		December 31,
	2020		2019
Accrued payroll-related expenses	$	1,088	$	1,236
Accrued joint development agreement expenses		—		170
Accrued inventory		311		87
Restructuring expenses		—		782
Other		309		452
Total accrued liabilities	$	1,708	$	2,727

As of September 30, 2020, the Company completed the corporate restructuring activity initiated during the year ended December 31, 2019. Cash paid for employee severance and benefit arrangements in connection with the restructuring activity were $0.06 million and $0.8 million during the three months and nine months ended September 30, 2020, respectively.