Significant Balance Sheet Components
|9 Months Ended|
Sep. 30, 2022
|Credit Loss [Abstract]|
|Significant Balance Sheet Components||
NOTE 4 —Significant Balance Sheet Components
Accounts Receivable consists of the following:
Schedule of Accounts Receivable
The Company has non-trade receivables from a manufacturing vendor resulting from the sale of components to this vendor who manufactures and assembles final products for the Company.
The Company analyzes the need for reserves for potential credit losses and records allowances for doubtful accounts when necessary. The Company had allowances for such losses totaling approximately $113 and $932 as of September 30, 2022 and December 31, 2021, respectively. In July 2022, the Company reached a settlement with a customer of a $912 trade receivable that was fully reserved for in the December 31, 2021 allowance for doubtful accounts. The Company received $91 in cash and the remaining receivable was written off to the allowance for doubtful accounts.
Inventory consists of the following:
Schedule of Inventory
Distributor returns allowance
The Company records reductions to cost of revenues related to future distributor product returns based on the Company’s expectation. The Company had inventory related to distributor product returns totaling approximately $41 and $229 as of September 30, 2022 and December 31, 2021 respectively.
Other assets consisted of the following:
Schedule of Other Assets
Accrued Expenses consisted of the following:
Schedule of Accrued Expenses
The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef