XML 26 R12.htm IDEA: XBRL DOCUMENT v3.22.0.1
Balance Sheet Components
12 Months Ended
Dec. 31, 2021
Balance Sheet Components  
Balance Sheet Components

6.    Balance Sheet Components

Credit Losses

The following is a roll-forward of the allowances for credit losses related to trade accounts receivable and other current assets for the years ended December 31, 2021, 2020 and 2019:

December 31, 

December 31, 

December 31, 

2021

2020

2019

(in thousands)

Beginning balance

$

4,220

$

2,919

$

1,788

Cumulative-effect adjustment upon adoption of ASU 2016-13

404

Provision for credit losses

(156)

1,354

1,141

Write offs

(1,635)

(457)

(10)

Ending balance

$

2,429

$

4,220

$

2,919

Property and Equipment, net

The Company’s property and equipment consisted of the following:

    

December 31,

December 31,

   

Useful Life

   

2021

   

2020

(in thousands)

Machinery and equipment

 

3-5 years

 

$

33,722

$

51,001

Furniture and fixtures

 

3 years

 

 

1,376

Computer equipment

 

3 years

 

4,893

 

2,428

Capitalized software held for internal use

3 years

2,395

7,417

Leasehold improvements

 

Life of lease

 

13,640

 

14,810

Construction-in-process

 

30,279

 

6,370

 

84,929

 

83,402

Less: Accumulated depreciation and amortization

 

(19,413)

 

(50,054)

Total Property and Equipment, net

$

65,516

$

33,348

The Company’s property and equipment are primarily located in the United States.

During the year ended December 31, 2021, the increase in net property and equipment was due to purchases of new equipment for the Company’s laboratories located in Texas and California to expand testing capabilities, offset by depreciation expense of $11.3 million recorded in the year ended December 31, 2021. During the year ended December 31, 2021, the Company has written off $41.9 million in fully depreciated assets. The Company did not incur an impairment charge during the year ended December 31, 2021.

Accrued Compensation

The Company’s accrued compensation consisted of the following:

    

December 31,

    

December 31,

   

2021

   

2020

 

(in thousands)

Accrued paid time off

$

2,567

$

2,260

Accrued commissions

 

15,726

 

12,686

Accrued bonuses

 

15,854

 

9,635

Other accrued compensation

 

6,794

 

5,790

Total accrued compensation

$

40,941

$

30,371

Other Accrued Liabilities

The Company’s other accrued liabilities consisted of the following:

    

December 31, 

    

December 31, 

 

    

2021

    

2020

 

(in thousands)

Reserves for refunds to insurance carriers

$

17,210

$

17,366

Accrued charges for third-party testing

5,849

5,141

Testing and laboratory materials from suppliers

3,799

2,720

Marketing and corporate affairs

7,853

3,325

Legal, audit and consulting fees

11,758

4,189

Accrued shipping charges

969

1,604

Sales tax payable

2,230

1,723

Accrued third-party service fees

13,442

2,355

Clinical trials, studies, and other development

 

11,218

 

2,353

Operating lease liabilities, current portion

5,752

7,300

Fixed asset purchases

1,853

1,691

Other accrued interest

1,078

1,078

Other accrued expenses

 

10,342

 

9,562

Total other accrued liabilities

$

93,353

$

60,407

Reserves for refunds to insurance carriers include overpayments from and amounts to be refunded to insurance carriers, and additional amounts that the Company estimates for potential refund requests during the period. When the Company releases these previously accrued amounts, they are recognized as product revenues in the statements of operations and comprehensive loss.

The following table summarizes the reserve balance and activities for refunds to insurance carriers for the year ended December 31, 2021:

    

December 31, 

    

December 31, 

    

2021

    

2020

(in thousands)

Beginning balance

$

17,366

$

9,410

Additional reserves

16,340

19,427

Refunds to carriers

(10,784)

(6,066)

Reserves released to revenue

(5,712)

(5,405)

Ending balance

$

17,210

$

17,366