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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Total Amount of Revenue The total amount of revenue for each such customer was as follows:

(In thousands)

 

2021

 

 

2020

 

Customer A

 

$

1,685

 

 

$

2,222

 

Customer B

 

 

630

 

 

 

2,156

 

Customer C

 

*NM

 

 

 

1,066

 

Customer D

 

 

928

 

 

*NM

 

Customer E

 

 

602

 

 

*NM

 

Customer F

 

 

555

 

 

*NM

 

 

NM - Not meaningful as the customer’s related revenue was less than 10% of the Company’s revenue for the respective year.
Schedule of Estimated Useful Lives by Asset The estimated useful lives by asset classification are generally as follows:

 

 

Useful life

Robotics and manufacturing equipment

 

1 – 10 years

Computer equipment

 

3 – 5 years

Software

 

3 years

Furniture and fixtures

 

3 years

Leasehold improvements

 

Lesser of the useful life or the
remaining term of the lease

 

Summary of the Total Amount of Revenue for Each Such Customer

The revenue recognized for Research and Development Services and Product Revenue were as follows:

 

 

 

December 31,

 

(In thousands)

 

2021

 

 

2020

 

Research and Development Services

 

$

3,584

 

 

$

6,811

 

Product Revenue

 

 

1,491

 

 

 

2,002

 

Revenue, net

 

$

5,075

 

 

$

8,813

 

Summary of Opening and Closing Balances of Our Accounts Receivable, Unbilled Receivables, Contract Assets and Deferred Revenues

The opening and closing balances of our accounts receivable, unbilled receivables, contract assets and deferred revenues are as follows:

 

(In thousands)

 

Accounts

receivable

 

 

Unbilled

receivable

 

 

Contract

assets
(current)

 

 

Contract

assets
(long-term)

 

 

Deferred

revenue
(current)

 

Opening Balance as of December 31, 2019

 

$

916

 

 

$

868

 

 

$

195

 

 

$

110

 

 

$

200

 

Increase/(decrease), net

 

 

135

 

 

 

(649

)

 

 

(102

)

 

 

(17

)

 

 

(143

)

Ending Balance as of December 31, 2020

 

 

1,051

 

 

 

219

 

 

 

93

 

 

 

93

 

 

 

57

 

Increase/(decrease), net

 

 

(263

)

 

 

2

 

 

 

1

 

 

 

(57

)

 

 

(27

)

Ending Balance as of December 31, 2021

 

$

788

 

 

$

221

 

 

$

94

 

 

$

36

 

 

$

30