FINANCIAL STATEMENT COMPONENTS (Tables)

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF COMPONENTS OF INVENTORY

Inventory consists of the following:

	September 30,		December 31,
(in thousands)	2024		2023
Raw materials	$	2,457	$	1,574
Work in process		-		305
Finished goods		2,029		1,995
	$	4,486	$	3,874

SCHEDULE OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

Property and equipment consists of the following:

	September 30,			December 31,
(in thousands)	2024			2023
Production equipment	$	6,140		$	6,140
Leasehold improvements		3,965			3,843
Computer hardware and software/lab equipment		12,275			12,149
Office furniture and equipment		5,440			5,367
		27,820			27,499
Less: Accumulated depreciation		(20,152	)		(18,467	)
	$	7,668		$	9,032

SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

The components of intangible assets were as follows:

As of September 30, 2024									Weighted
	Gross						Net		Average Remaining
(in thousands)	Carrying Amount		Accumulated Amortization		Impairment Expense		Carrying Amount		Period (Years)
Acquired technology	$	20,172		4,582		3,027		12,563		12
Backlog		26		26		-		-		-
	$	20,198	$	4,608	$	3,027	$	12,563

As of December 31, 2023									Weighted
	Gross						Net		Average Remaining
(in thousands)	Carrying Amount		Accumulated Amortization		Impairment Expense		Carrying Amount		Period (Years)
Acquired technology	$	20,172		2,940		-		17,232		12
Backlog		26		23		-		3		-
	$	20,198	$	2,963	$	-	$	17,235

SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE RELATED TO INTANGIBLE ASSETS

The following table outlines estimated future amortization expense related to intangible assets held as of September 30, 2024 (in thousands):

			Research and
	Cost of		Development
Years Ended December 31,	Revenue		Expense		Total
2024 (remainder of the year)	$	362		72	$	434
2025		1,446		57		1,503
2026		1,446		28		1,474
2027		829		-		829
2028		825		-		825
Thereafter		7,498		-		7,498
	$	12,406	$	157	$	12,563