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Accrued Expenses and Other Current Liabilities (Tables)
12 Months Ended
Dec. 31, 2023
Accrued Liabilities and Other Liabilities [Abstract]  
Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in thousands):

 

 

December 31,

 

 

2023

 

 

2022

 

Distributor fees and marketing reimbursements

 

$

2,834

 

 

$

6,348

 

Accrued compensation

 

 

1,687

 

 

 

3,453

 

Accrued clinical trials and R&D

 

 

3,694

 

 

 

228

 

Accrued selling and marketing

 

 

1,110

 

 

 

481

 

Accrued professional fees

 

 

1,505

 

 

 

2,105

 

Accrued interest

 

 

 

 

 

489

 

Accrued warranty

 

 

44

 

 

 

48

 

Accrued restructuring

 

 

655

 

 

 

 

Other accrued expenses

 

 

3,966

 

 

 

2,641

 

Total accrued expenses and other current liabilities

 

$

15,495

 

 

$

15,793

 

 

In connection with strategic initiatives implemented during the period ended December 31, 2023, the Company's management approved and initiated plans to reduce its cost structure. The Company recorded $1.0 million of restructuring charges during the year ended December 31, 2023, of which $0.4 million has been paid as of December 31, 2023. The restructuring charges are included in operating expenses in the statement of operations. Substantially all of this charge represents the severance cost of terminated employees.