Details of Certain Financial Statement Components

6 Months Ended

Jun. 30, 2021

Details of Certain Financial Statement Components

Details of Certain Financial Statement Components

Note 2 – Details of Certain Financial Statement Components

Inventories, stated at the lower of cost or net realizable value, consisted of the following:

	June 30,		December 31,
	2021		2020
Inventories	(in thousands)
Raw materials	$	500	$	520
Work-in-process		251		246
Finished goods		127		100
Total inventories	$	878	$	866

Property, plant and equipment, net, consisted of the following:

	June 30,		December 31,
	2021		2020
Property, plant and equipment, net	(in thousands)
Furniture, machinery and equipment	$	1,680	$	1,662
Leasehold improvements		429		538
		2,109		2,200
Less: accumulated depreciation		(1,686)		(1,793)
Total property, plant and equipment, net	$	423	$	407

Depreciation expense totaled $57 thousand and $59 thousand for the three months ended June 30, 2021 and 2020, respectively, and $111 thousand and $118 thousand for the six months ended June 30, 2021 and 2020, respectively.

Intangible assets, net consisted of the following:

	June 30,		December 31,
	2021		2020
Intangible assets, net	(in thousands)
Patents and trademarks	$	658	$	658
Less: accumulated amortization		(496)		(463)
Total intangible assets, net	$	162	$	195

Amortization expense totaled $17 thousand and $15 thousand for the three months ended June 30, 2021 and 2020, respectively, and $34 thousand and $28 thousand for the six months ended June 30, 2021 and 2020, respectively. Future amortization expense on existing intangible assets over the next five years is as follows:

Years ending December 31,	(in thousands)
2021 (remainder of year)	$	32
2022		54
2023		42
2024		27
2025		7
Thereafter		—
	$	162

Accrued liabilities consisted of the following:

	June 30,		December 31,
	2021		2020
Accrued liabilities	(in thousands)
Accrued warranty	$	7	$	7
Accrued wages and benefits		165		180
Accrued vacation		79		110
Accrued other		49		46
Total accrued liabilities	$	300	$	343