Annual report [Section 13 and 15(d), not S-K Item 405]

Significant Balance Sheet Components

v3.25.1
Significant Balance Sheet Components
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Significant Balance Sheet Components

NOTE 4—Significant Balance Sheet Components

 

Inventory consisted of the following:

 

    2024     2023  
    December 31,  
    2024     2023  
Devicesfor resale   $ 4,633     $ 5,324  
Raw materials     5,598       751  
Accessories     390       442  
Inventory, Net   $ 10,621     $ 6,517  

 

For certain new products, the Company began purchasing raw materials in 2024 that will be used by the third-party manufacturers to build the products. These purchased parts represent most of the raw materials in inventory at December 31, 2024.

 

Prepaid expenses and other current assets consisted of the following:

 

    2024     2023  
    December 31,  
    2024     2023  
Deposits for inventory   $ 2,697     $ 197  
Other     1,865       1,411  
Prepaid expenses and other current assets   $ 4,562     $ 1,608  

 

 

Property and equipment consisted of the following:

 

    2024     2023  
    December 31,  
    2024     2023  
Computer equipment   $ 223     $ 156  
Software     162       27  
Software     162       27  
Furniture, fixtures, and office equipment     354       353  
Property and equipment, gross     739       536  
Less: accumulated depreciation and amortization     (512 )     (465 )
Property and equipment, net   $ 227     $ 71  

 

Depreciation and amortization expense of property and equipment for the years ended December 31, 2024, and 2023, was $58 and $47, respectively.

 

Accrued liabilities consisted of the following:

 

    2024     2023  
    December 31,  
    2024     2023  
Customer allowances   $ 11,421     $ 8,148  
Contract fulfillment liabilities     2,939       568  
Employee-related liabilities     2,247       1,755  
Other     4,285       1,762  
Accrued liabilities   $ 20,892     $ 12,233