XML 41 R26.htm IDEA: XBRL DOCUMENT v3.20.4
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Cash and Cash Equivalents and Investments

The Company’s cash and cash equivalents and investments consist of the following:

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Cash

 

$

4,740

 

 

$

5,604

 

Cash equivalents

 

 

1,021

 

 

 

1,490

 

Short-term investments

 

 

30,582

 

 

 

32,556

 

Long-term investments

 

 

4,640

 

 

 

0

 

 

 

$

40,983

 

 

$

39,650

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents and Investments Measured at Fair Value

Cash equivalents and Level 1 and Level 2 investments measured at fair value were as follows:

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

708

 

 

$

708

 

Certificates of deposit

 

 

300

 

 

 

0

 

 

 

300

 

 

 

0

 

 

 

0

 

 

 

0

 

Money market funds

 

 

721

 

 

 

0

 

 

 

721

 

 

 

782

 

 

 

0

 

 

 

782

 

Total Cash Equivalents

 

$

1,021

 

 

$

0

 

 

$

1,021

 

 

$

782

 

 

$

708

 

 

$

1,490

 

Short-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

0

 

 

$

26,318

 

 

$

26,318

 

 

$

0

 

 

$

28,710

 

 

$

28,710

 

Certificates of deposit

 

 

4,264

 

 

 

0

 

 

 

4,264

 

 

 

3,846

 

 

 

0

 

 

 

3,846

 

Total Short-Term Investments

 

$

4,264

 

 

$

26,318

 

 

$

30,582

 

 

$

3,846

 

 

$

28,710

 

 

$

32,556

 

Long-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

0

 

 

$

4,382

 

 

$

4,382

 

 

$

0

 

 

$

0

 

 

$

0

 

Certificates of deposit

 

 

258

 

 

 

0

 

 

 

258

 

 

 

0

 

 

 

0

 

 

 

0

 

Total Long-Term Investments

 

$

258

 

 

$

4,382

 

 

$

4,640

 

 

$

0

 

 

$

0

 

 

$

0

 

Cash equivalents and Investments - book value

 

$

5,543

 

 

$

30,700

 

 

$

36,243

 

 

$

4,628

 

 

$

29,418

 

 

$

34,046

 

Unrealized gains (losses)

 

$

(1

)

 

$

(7

)

 

$

(8

)

 

$

1

 

 

$

(11

)

 

$

(10

)

Cash equivalents and Investments - fair value

 

$

5,542

 

 

$

30,693

 

 

$

36,235

 

 

$

4,629

 

 

$

29,407

 

 

$

34,036

 

 

Summary of Allowances for Accounts Receivable

The allowances for accounts receivable consisted of the following:

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Credit losses provision

 

$

66

 

 

$

56

 

Credit allowances

 

 

47

 

 

 

48

 

Total allowances

 

$

113

 

 

$

104

 

 

 

Summary of Allowance for Credit Losses

The following table summarizes the allowance for credit losses activity during the year ended December 31, 2020:

 

Balance at December 31, 2019

 

$

56

 

Current period benefit for credit losses

 

 

(167

)

Recovery of amounts previously written off

 

 

177

 

Balance at December 31, 2020

 

$

66

 

 

 

 

 

 

 

Summary of Inventories

Inventories consisted of the following:

 

 

December 31,

2020

 

 

December 31,

2019

 

Raw materials

 

$

5,315

 

 

$

6,502

 

Work in process

 

 

883

 

 

 

913

 

Finished goods

 

 

3,786

 

 

 

4,520

 

Inventories, net

 

$

9,984

 

 

$

11,935

 

Summary of Property and Equipment

Property and equipment consisted of the following:

 

 

December 31,

2020

 

 

December 31,

2019

 

Building

 

$

6,868

 

 

$

6,389

 

Computers and office equipment

 

 

10,039

 

 

 

9,847

 

Manufacturing and test equipment

 

 

15,394

 

 

 

14,192

 

Furniture and fixtures

 

 

1,437

 

 

 

1,314

 

Leasehold improvements

 

 

2,973

 

 

 

2,850

 

Motor vehicles

 

 

20

 

 

 

20

 

Total property and equipment

 

 

36,731

 

 

 

34,612

 

Less: Accumulated depreciation and amortization

 

 

(25,996

)

 

 

(24,397

)

Land

 

 

1,770

 

 

 

1,770

 

Property and equipment, net

 

$

12,505

 

 

$

11,985

 

 

 

 

Summary of Accrued Liabilities

Accrued liabilities consisted of the following:

 

 

December 31,

2020

 

 

December 31,

2019

 

Inventory receipts

 

$

3,049

 

 

$

1,431

 

Payroll and other employee benefits

 

 

1,083

 

 

 

1,654

 

Paid time off

 

 

1,028

 

 

 

855

 

Professional fees and contractors

 

 

316

 

 

 

246

 

Warranties

 

 

285

 

 

 

444

 

Operating leases

 

 

269

 

 

 

282

 

Deferred revenues

 

 

242

 

 

 

241

 

Employee stock purchase plan

 

 

224

 

 

 

228

 

Income and sales taxes

 

 

185

 

 

 

133

 

Real estate taxes

 

 

155

 

 

 

152

 

Customer refunds for estimated returns

 

 

146

 

 

 

147

 

Finance leases

 

 

68

 

 

 

77

 

Restructuring

 

 

15

 

 

 

45

 

Short-term incentive plan

 

 

0

 

 

 

2,504

 

Leasehold improvements

 

 

0

 

 

 

702

 

Other

 

 

251

 

 

 

241

 

Total

 

$

7,316

 

 

$

9,382

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Long-term Liabilities

Long-term liabilities consisted of the following:

 

 

December 31,

2020

 

 

December 31,

2019

 

Operating leases

 

$

3,949

 

 

$

3,021

 

Deferred payroll taxes

 

 

243

 

 

 

0

 

Finance leases

 

 

96

 

 

 

164

 

Deferred revenue

 

 

76

 

 

 

119

 

Other

 

 

23

 

 

 

11

 

Total

 

$

4,387

 

 

$

3,315