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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2019
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of components of inventory

Following are the components of inventory as of December 31, 2019 and 2018 (in thousands):

 

 

 

 

 

 

 

 

 

    

December 31, 2019

    

December 31, 2018

 

 

 

 

 

 

 

Raw Materials

 

$

953

 

$

454

Work-in-process

 

 

200

 

 

55

Finished Goods

 

 

1,640

 

 

576

 

 

$

2,793

 

 

1,085

Less: reserve

 

 

(415)

 

 

(248)

 

 

$

2,378

 

$

837

 

Schedule of estimated useful lives of the assets

We compute depreciation expense on a straight-line basis over the estimated useful lives of the assets as follows:

 

 

 

 

Classification

    

Estimated Useful Life

Office furniture and equipment

 

5 to 7 years

Assembly equipment

 

7 years

Vehicles

 

5 years

Leasehold improvements

 

Term of lease

Leased devices

 

9 months

 

Schedule of breakdown of net revenue related to devices accounted for as purchases subject to ASC 606 and leases subject to ASC 842

The following table provides a breakdown of net revenue related to devices accounted for as purchases subject to ASC 606 and leases subject to ASC 842 (in thousands):

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31,

 

    

2019

    

2018

 

 

 

 

 

 

 

Device revenue

 

 

  

 

 

  

 

 

 

 

 

 

 

Purchased

 

$

4,035

 

$

1,950

 

 

 

 

 

 

 

Leased

 

 

6,678

 

 

4,872

 

 

 

 

 

 

 

Total Device revenue

 

 

10,713

 

 

6,822