XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
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,

 

 

 

2021

 

 

2020

 

Cash

 

$

6,789

 

 

$

4,740

 

Cash equivalents

 

 

1,403

 

 

 

1,021

 

Short-term investments

 

 

22,562

 

 

 

30,582

 

Long-term investments

 

 

0

 

 

 

4,640

 

 

 

$

30,754

 

 

$

40,983

 

 

 

 

 

 

 

 

 

 

 

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, 2021

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

0

 

 

$

0

 

 

$

0

 

 

$

300

 

 

$

0

 

 

$

300

 

Money market funds

 

 

1,403

 

 

 

0

 

 

 

1,403

 

 

 

721

 

 

 

0

 

 

 

721

 

Total Cash Equivalents

 

$

1,403

 

 

$

0

 

 

$

1,403

 

 

$

1,021

 

 

$

0

 

 

$

1,021

 

Short-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

0

 

 

$

19,659

 

 

$

19,659

 

 

$

0

 

 

$

26,318

 

 

$

26,318

 

Certificates of deposit

 

 

2,903

 

 

 

0

 

 

 

2,903

 

 

 

4,264

 

 

 

0

 

 

 

4,264

 

Total Short-Term Investments

 

$

2,903

 

 

$

19,659

 

 

$

22,562

 

 

$

4,264

 

 

$

26,318

 

 

$

30,582

 

Long-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

4,382

 

 

$

4,382

 

Certificates of deposit

 

 

0

 

 

 

0

 

 

 

0

 

 

 

258

 

 

 

0

 

 

 

258

 

Total Long-Term Investments

 

$

0

 

 

$

0

 

 

$

0

 

 

$

258

 

 

$

4,382

 

 

$

4,640

 

Cash equivalents and Investments - book value

 

$

4,306

 

 

$

19,659

 

 

$

23,965

 

 

$

5,543

 

 

$

30,700

 

 

$

36,243

 

Unrealized (losses) gains

 

$

1

 

 

$

(2

)

 

$

(1

)

 

$

(1

)

 

$

(7

)

 

$

(8

)

Cash equivalents and Investments - fair value

 

$

4,307

 

 

$

19,657

 

 

$

23,964

 

 

$

5,542

 

 

$

30,693

 

 

$

36,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Allowances for Accounts Receivable

The allowances for accounts receivable consisted of the following:

 

 

December 31, 2021

 

December 31, 2020

 

Credit loss provision

$

26

 

$

66

 

Credit allowances

 

38

 

 

47

 

Total allowances

$

64

 

$

113

 

 

 

 

 

 

 

 

 

Summary of Allowance for Credit Losses

 

 

 

 

The following table summarizes the allowance for credit losses for the years ended December 31, 2021 and December 31, 2020:

 

 

December 31,

2021

 

December 31,

2020

 

Beginning Balance

$

66

 

$

56

 

Current period benefit for credit losses

 

(40

)

 

(167

)

Recovery of amounts previously written off

 

0

 

 

177

 

Ending Balance

$

26

 

$

66

 

 

Summary of Inventories

Inventories consisted of the following:

 

 

December 31,

2021

 

 

December 31,

2020

 

Raw materials

 

$

6,171

 

 

$

5,315

 

Work in process

 

 

690

 

 

 

883

 

Finished goods

 

 

6,830

 

 

 

3,786

 

Inventories, net

 

$

13,691

 

 

$

9,984

 

 

 

 

 

 

 

 

 

 

Summary of Property and Equipment

Property and equipment consisted of the following:

 

 

December 31,

2021

 

 

December 31,

2020

 

Building

 

$

6,892

 

 

$

6,868

 

Computers and office equipment

 

 

10,604

 

 

 

10,039

 

Manufacturing and test equipment

 

 

16,305

 

 

 

15,394

 

Furniture and fixtures

 

 

1,455

 

 

 

1,437

 

Leasehold improvements

 

 

3,021

 

 

 

2,973

 

Motor vehicles

 

 

20

 

 

 

20

 

Total property and equipment

 

 

38,297

 

 

 

36,731

 

Less: Accumulated depreciation and amortization

 

 

(28,118

)

 

 

(25,996

)

Land

 

 

1,770

 

 

 

1,770

 

Property and equipment, net

 

$

11,949

 

 

$

12,505

 

 

 

Summary of Accrued Liabilities

Accrued liabilities consisted of the following:

 

 

December 31,

2021

 

 

December 31,

2020

 

Inventory receipts

 

$

4,302

 

 

$

3,049

 

Payroll and other employee benefits

 

 

2,266

 

 

 

1,083

 

Paid time off

 

 

1,284

 

 

 

1,028

 

Deferred revenues

 

 

538

 

 

 

242

 

Operating leases

 

 

475

 

 

 

269

 

Income and sales taxes

 

 

415

 

 

 

185

 

Restructuring

 

 

368

 

 

 

15

 

Warranties

 

 

257

 

 

 

285

 

Employee stock purchase plan

 

 

253

 

 

 

224

 

Customer refunds for estimated returns

 

 

248

 

 

 

146

 

Professional fees and contractors

 

 

233

 

 

 

316

 

Real estate taxes

 

 

156

 

 

 

155

 

Finance leases

 

 

62

 

 

 

68

 

Other

 

 

260

 

 

 

251

 

Total

 

$

11,117

 

 

$

7,316

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Long-term Liabilities

Long-term liabilities consisted of the following:

 

 

December 31,

2021

 

 

December 31,

2020

 

Operating leases

 

$

3,600

 

 

$

3,949

 

Deferred payroll taxes

 

 

0

 

 

 

243

 

Finance leases

 

 

92

 

 

 

96

 

Deferred revenue

 

 

181

 

 

 

76

 

Other

 

 

126

 

 

 

23

 

Total

 

$

3,999

 

 

$

4,387