Other Balance Sheet Information

6 Months Ended

Jun. 30, 2022

Balance Sheet Related Disclosures [Abstract]

NOTE 5. OTHER BALANCE SHEET INFORMATION

Inventory consisted of the following.


	June 30, 2022		December 31, 2021
Finished Goods	$	59,102	$	33,007
Raw Materials		133		201
Total inventory	$	59,235	$	33,208

We write-down inventory for any excess or obsolete inventories or when we believe that the net realizable value of inventories is less than the carrying value. During the six months ended June 30, 2022, we recorded write-downs of $22, which is a component of hardware cost of revenues on the Consolidated Statements of Operations and Comprehensive Loss. There were no write-downs recorded for the three months ended June 30, 2022. During the three and six months ended June 30, 2021, we recorded write-downs of $166 and $127, respectively.

Prepaid expenses and other current assets consisted of the following.


	June 30, 2022		December 31, 2021
Prepaid expenses	$	9,043	$	15,084
Other current assets		2,004		2,285
Total prepaid expenses and other current assets	$	11,047	$	17,369

Property and equipment, net consisted of the following.


	June 30, 2022			December 31, 2021
Computer hardware	$	1,866		$	1,768
Warehouse and other equipment		488			461
Leasehold improvements		544			284
Furniture and fixtures		161			161
Property and equipment, gross		3,059			2,674
Less: Accumulated depreciation		(1,160	)		(800	)
Total property and equipment, net	$	1,899		$	1,874

Depreciation expense on all property and equipment was $170 and $93 during the three months ended June 30, 2022 and 2021, respectively. Depreciation and amortization expense on all property, plant and equipment was $360 and $173 during the six months ended June 30, 2022 and 2021, respectively.

Other long-term assets consisted of the following.


	June 30, 2022		December 31, 2021
Operating lease - ROU asset, net	$	4,937	$	2,927
Restricted cash, long-term portion		495		495
Other long-term assets		6,235		3,790
Total other long-term assets	$	11,667	$	7,212

Intangible assets, net consisted of the following.


	June 30, 2022							December 31, 2021
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization		Net
Customer relationships	$	22,990	$	(667	)	$	22,323	$	3,290	$	-	$	3,290
Developed technology		10,600		(554	)		10,046		300		-		300
Trade name		900		(54	)		845		-		-		-
Total intangible assets, net	$	34,490	$	(1,275	)	$	33,214	$	3,590	$	-	$	3,590

Amortization expense on all intangible assets was $1,056 and $1,275 for the three and six months ended June 30, 2022. For the three and six months ended June 30, 2021, there was no amortization expense recorded as the assets were acquired in December 2021 or thereafter. Accumulated amortization on all intangible assets was $1,275 as of June 30, 2022. There was no accumulated amortization as of December 31, 2021. Total future amortization for finite-lived assets is estimated as follows.


	Amortization Expense
2022 - Remaining	$	2,092
2023		3,873
2024		3,873
2025		3,873
2026		3,873
Thereafter		15,630
Total	$	33,214

Accrued expenses and other current liabilities consisted of the following.


	June 30, 2022		December 31, 2021
Accrued compensation costs	$	9,243	$	6,588
Accrued expenses		3,663		4,559
Warranty allowance		3,587		6,106
Other		6,552		4,981
Total accrued expenses and other current liabilities	$	23,045	$	22,234