Balance Sheet Components

12 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

(5) Balance Sheet Components

Inventories, net consist of the following (in thousands):

	December 31,		December 31,
	2019		2018
Raw materials	$	8,095	$	2,147
Work in progress		5,543		2,110
Finished goods		23,893		18,335
Finished goods - right of return		2,081		1,493
	$	39,612	$	24,085

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

	December 31,			December 31,
	2019			2018
Leasehold improvements	$	2,841		$	402
Manufacturing equipment and toolings		8,175			1,928
Computer equipment		1,250			682
Software		2,602			1,039
Office equipment		111			156
Furniture and fixtures		1,144			826
		16,123			5,033
Less accumulated depreciation		(3,809	)		(2,497	)
	$	12,314		$	2,536

Depreciation expense for the years ended December 31, 2019, 2018 and 2017 was $1.2 million, $1.1 million and $0.9 million, respectively.

Under the terms of the Asset Purchase Agreement with Vesta entered into on November 7, 2019, the Company acquired $7.3 million of fixed assets, including leasehold improvements of $2.4 million, manufacturing equipment of $4.4 million, and capitalized software of $0.5 million. Refer further to Note 4(a).

Accrued and other current liabilities consist of the following:

	December 31,		December 31,
	2019		2018
Payroll and related expenses	$	6,789	$	6,466
Accrued severance		894		—
Accrued commissions		4,984		5,321
Accrued equipment		400		18
Accrued inventory		2,216		—
Deferred and contingent consideration, current portion		6,830		7,645
Audit, consulting and legal fees		630		703
Accrued sales and marketing expenses		1,109		1,374
Operating lease liabilities		1,259		—
Finance lease liabilities		40		—
Other		7,400		6,170
	$	32,551	$	27,697