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Balance Sheet Components (Tables)
12 Months Ended
Dec. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Inventories

Inventories consist primarily of raw materials related to component parts and finished goods. The following is a summary of the Company’s inventories by category:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Raw materials

 

$

410

 

 

$

1,905

 

Finished goods

 

 

4,626

 

 

 

3,807

 

Total inventories

 

$

5,036

 

 

$

5,712

 

 

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Advances to suppliers

 

$

2,000

 

 

$

95

 

Marketing costs

 

 

1,709

 

 

 

1,948

 

Payroll advances

 

 

1,686

 

 

 

3,889

 

Software subscriptions

 

 

1,553

 

 

 

1,468

 

Product launch fee

 

 

252

 

 

 

 

Insurance costs

 

 

78

 

 

 

2,945

 

Other

 

 

568

 

 

 

528

 

Total prepaid expenses and other current assets

 

$

7,846

 

 

$

10,873

 

Summary of Property And Equipment, Net

Property and equipment, net, consists of the following:

 

 

December 31,

 

 

2022

 

 

2021

 

 

(in thousands)

 

Capitalized software

$

11,579

 

 

$

11,569

 

Tools and lab equipment

 

5,087

 

 

 

4,712

 

Furniture and fixtures

 

2,440

 

 

 

906

 

Leasehold improvements

 

993

 

 

 

861

 

Computer and equipment

 

482

 

 

 

401

 

 

 

20,581

 

 

 

18,449

 

Less accumulated depreciation and amortization

 

(13,140

)

 

 

(8,898

)

Total property and equipment, net

$

7,441

 

 

$

9,551

 

Summary of Accrued Expenses

Accrued expenses consist of the following:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Accrued compensation

 

$

8,070

 

 

$

4,845

 

Accrued warranty reserve

 

 

3,765

 

 

 

4,014

 

Refunds due to customers

 

 

580

 

 

 

376

 

Other accrued expenses

 

 

300

 

 

 

 

Total accrued expenses

 

$

12,715

 

 

$

9,235

 

Summary of Sales Returns Reserve

The sales returns reserve consists of the following activity:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Sales returns reserve, beginning balance

 

$

13,827

 

 

$

4,326

 

 

$

3,759

 

Reduction of revenue

 

 

18,240

 

 

 

37,674

 

 

 

22,676

 

Decrease related to Pricing Concession

 

 

(11,263

)

 

 

 

 

 

 

Utilization of sales returns reserve

 

 

(16,862

)

 

 

(28,173

)

 

 

(22,109

)

Sales returns reserve, ending balance

 

$

3,942

 

 

$

13,827

 

 

$

4,326

 

Summary of Allowance for Credit Losses

The allowance for credit losses consists of the following activity:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Allowance for credit losses, beginning balance

 

$

4,838

 

 

$

1,868

 

 

$

225

 

Charged to expense

 

 

713

 

 

 

9,615

 

 

 

2,352

 

Accounts written off, net of recoveries

 

 

(5,393

)

 

 

(6,645

)

 

 

(709

)

Allowance for credit losses, ending balance

 

$

158

 

 

$

4,838

 

 

$

1,868

 

Summary of Accrued Warranty Reserve

The accrued warranty reserve consists of the following activity:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Accrued warranty reserve, beginning balance

 

$

4,014

 

 

$

2,390

 

 

$

450

 

Charged to cost of revenue

 

 

2,607

 

 

 

3,229

 

 

 

3,178

 

Utilization of accrued warranty reserve

 

 

(2,856

)

 

 

(1,605

)

 

 

(1,238

)

Accrued warranty reserve, ending balance

 

$

3,765

 

 

$

4,014

 

 

$

2,390