Note 5 - Prepaid and Other Current Assets

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Prepaid and Other Current Assets [Text Block]

5. PREPAID AND OTHER CURRENT ASSETS

Prepaid and other current assets as of September 30, 2024 and  December 31, 2023 were as follows (in thousands):

	September 30, 2024		December 31, 2023
	(unaudited)
Prepaid expenses	$	1,414	$	2,386
Advances to suppliers		—		79
Other		68		52
Total prepaid and other current assets	$	1,482	$	2,517

The Company’s advances to suppliers as of September 30, 2024 and December 31, 2023 were written down by $1,433 and $1,385, respectively, associated with the winding down of its existing industrial product as part of its revised strategic plan. See Note 15, Restructuring, for further details.