Details of Certain Financial Statement Components

6 Months Ended

Jun. 30, 2022

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,
	2022		2021
Inventories	(in thousands)
Raw materials	$	672	$	447
Work-in-process		164		209
Finished goods		172		159
Total inventories	$	1,008	$	814

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

	June 30,		December 31,
	2022		2021
Property, plant and equipment, net	(in thousands)
Furniture, machinery and equipment	$	1,678	$	1,696
Leasehold improvements		428		444
		2,106		2,140
Less: accumulated depreciation		(1,861)		(1,802)
Total property, plant and equipment, net	$	245	$	338

Depreciation expense totaled $50 thousand and $57 thousand for the three months ended June 30, 2022 and 2021, respectively. Depreciation expense totaled $102 thousand and $111 thousand for the six months ended June 30, 2022 and 2021, respectively.

Intangible assets, net consisted of the following:

	June 30,		December 31,
	2022		2021
Intangible assets, net	(in thousands)
Patents and trademarks	$	658	$	658
Less: accumulated amortization		(556)		(527)
Total intangible assets, net	$	102	$	131

Amortization expense totaled $13 thousand and $17 thousand for the three months ended June 30, 2022 and 2021, respectively. Amortization expense totaled $28 thousand and $34 thousand for the six months ended June 30, 2022 and 2021, respectively. Future amortization expense on existing intangible assets is as follows:

Years ending December 31,	(in thousands)
2022 (remainder of year)	$	26
2023		42
2024		27
2025		7
	$	102

Accrued liabilities consisted of the following:

	June 30,		December 31,
	2022		2021
Accrued liabilities	(in thousands)
Accrued compensation and benefits	$	172	$	402
Accrued vacation		94		82
Other accrued liabilities		23		23
Total accrued liabilities	$	289	$	507