BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

NOTE 5 – BALANCE SHEET DETAILS - CURRENT ASSETS AND CURRENT LIABILITIES

Inventories, net

The following table shows the components of inventory (in thousands):

	December 31, 2023			December 31, 2022
Raw materials	$	5,022		$	3,377
Finished goods		16			115
Total inventories		5,038			3,492
Allowance for obsolete inventory		(4	)		(211	)
Inventories, net		5,034			3,281

Prepaid expenses and other current assets

The following table shows the components of prepaid expenses and other current assets (in thousands):

	December 31, 2023		December 31, 2022
Prepaid expenses:
ERC benefits receivable	$	—	$	2,117
Deposits on inventory		2,146		680
Prepaid income tax		362		—
Prepaid insurance		1,110		358
Prepaid rent		372		381
Prepaid equipment		331		179
Prepaid other		214		173
Other current assets:
Interest rate swap asset	$	—	$	476
Other		18		17
Total	$	4,553	$	4,381

Accrued expenses and other current liabilities

The following table shows the components of accrued expenses and other current liabilities (in thousands):

	December 31, 2023		December 31, 2022
Accrued expenses:
Accrued compensation and related benefits	$	4,999	$	3,392
Accrued insurance		978		525
Accrued transaction advisory fees		1,000		—
Accrued professional services		189		509
Accrued interest		58		62
Accrued property taxes		60		41
Accrued monitoring fee		373
Other		147		38
Other current liabilities:
Income tax payable	$	1,586	$	1,780
Sales tax payable		71		587
Unbilled lost-in-hole revenue		76		282
Deferred revenue		1,042		83
Total accrued expenses and other current liabilities	$	10,579	$	7,299