Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.22.2
Accounts Receivable
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Accounts Receivable

NOTE 5 — Accounts Receivable

The following table presents the components of the Company’s receivables as of June 30, 2021, and December 31, 2020:

 

 

 

June 30,

2021

 

 

December 31,

2020

 

Trade receivables

 

$

6,328

 

 

$

4,217

 

Allowance for doubtful accounts

 

 

(20)

 

 

 

(65)

 

Accounts receivable, net

 

 

6,308

 

 

 

4,152

 

Vendor non-trade receivables

 

 

4,438

 

 

 

453

 

Total accounts receivable

 

$

10,746

 

 

$

4,605

 

 

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 $20 and $65 as of June 30, 2021, and December 31, 2020, respectively.

Trade receivables from two customers approximated 22% and 20% of total accounts receivable at June 30, 2021, and receivables from two customers approximated 26% and 10% of total trade receivables at, December 31, 2020.