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Balance Sheet Components (Tables)
9 Months Ended
Sep. 30, 2021
Balance Sheet Components [Abstract]  
Schedule of Cash and Cash Equivalents

The Company’s cash and cash equivalents consist of the following (in thousands):

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

2020

 

Cash

 

$

 

488

 

$

 

2,721

 

Cash equivalents:

 

 

 

 

 

 

 

Money market funds

 

 

 

5,640

 

 

 

14,638

 

Total cash and cash equivalents

 

$

 

6,128

 

$

 

17,359

 

Schedule of Inventory

Inventory consists of the following (in thousands):

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

2020

 

Finished goods

 

$

 

9,297

 

$

 

5,068

 

Component materials

 

 

 

5,663

 

 

 

5,133

 

Total inventory

 

$

 

14,960

 

$

 

10,201

 

 

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

2020

 

Prepaid expenses

 

$

 

1,794

 

$

 

1,794

 

Deferred offering cost

 

 

 

2,505

 

 

 

 

Prepaid insurance

 

 

 

271

 

 

 

122

 

Other current assets

 

 

 

170

 

 

 

363

 

Total prepaid expenses and other current assets

 

$

 

4,740

 

$

 

2,279

 

Property and Equipment, Net

Property and equipment, net consist of the following (in thousands):

 

 

 

 

 

September 30,

 

December 31,

 

 

Useful life (years)

 

 

2021

 

2020

 

Computers and software

2

 

$

730

$

653

 

Machinery and equipment

3

 

 

1,000

 

954

 

Furniture and fixtures

7

 

 

48

 

48

 

Tools and dies

2

 

 

941

 

936

 

Construction in progress

 

 

421

 

                —

 

Equipment under customer usage agreements

3

 

 

9,282

 

7,918

 

Leasehold improvements

Lesser of useful life or lease term

 

 

155

 

155

 

 

 

 

 

12,577

 

10,664

 

Less: accumulated depreciation and amortization

 

 

 

(8,786)

 

(7,784)

 

Property and equipment, net

 

 

$

3,791

$

2,880

 

 

Schedule of Intangible Assets, Net

Intangible asset, net consist of the following (in thousands):

 

 

 

 

 

September 30,

 

December 31,

 

 

Useful life (years)

 

 

2021

 

2020

 

Trademarks

6.5

 

$

3,969

$

3,969

 

Developed technology

10

 

 

30,819

 

30,819

 

Customer relationships

3

 

 

13,466

 

13,466

 

 

 

 

 

48,254

 

48,254

 

Less: accumulated depreciation and amortization

 

 

 

(11,249)

 

(5,113)

 

Intangible asset, net

 

 

$

37,005

$

43,141

 

 

Schedule of Future Amortization Expense of Intangible Assets

Future amortization expense of intangible assets as of September 30, 2021 is as follows (in thousands):

 

Year Ending September 30,

 

 

 

2021 (remaining three months)

$

 

2,045

 

2022

 

 

8,182

 

2023

 

 

5,376

 

2024

 

 

3,693

 

2025

 

 

3,693

 

Thereafter

 

 

14,016

 

Total

$

 

37,005

 

Schedule of Accrued Compensation

Accrued compensation consists of the following (in thousands):

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

2020

 

Accrued vacation

 

$

 

1,379

 

$

 

1,184

 

Accrued bonuses

 

 

 

857

 

 

 

831

 

Accrued commissions

 

 

 

528

 

 

 

828

 

Other accrued personnel related expenses

 

 

 

95

 

 

 

46

 

Total accrued compensation

 

$

 

2,859

 

$

 

2,889

 

Schedule of Accrued Liabilities

Accrued liabilities consist of the following (in thousands):

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

2020

 

Accrual for litigation

 

$

 

7,203

 

$

 

7,203

 

Accrued professional fees

 

 

 

1,460

 

 

 

824

 

Accrued sales and use taxes

 

 

 

612

 

 

 

754

 

Deferred rent

 

 

 

322

 

 

 

445

 

Accrual for inventory in transit

 

 

 

658

 

 

 

602

 

Contract liability

 

 

 

262

 

 

 

219

 

Others

 

 

 

860

 

 

 

157

 

Total accrued liabilities

 

$

 

11,377

 

$

 

10,204