FINANCIAL STATEMENT COMPONENTS (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF COMPONENTS OF INVENTORY

Inventory consists of the following:

	June 30,		December 31,
(in thousands)	2024		2023
Raw materials	$	1,995	$	1,574
Work in process		-		305
Finished goods		2,208		1,995
	$	4,203	$	3,874

SCHEDULE OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

Property and equipment consists of the following:

	June 30,			December 31,
(in thousands)	2024			2023
Production equipment	$	6,140		$	6,140
Leasehold improvements		3,961			3,843
Computer hardware and software/lab equipment		12,238			12,149
Office furniture and equipment		5,309			5,367
		27,648			27,499
Less: Accumulated depreciation		(19,517	)		(18,467	)
	$	8,131		$	9,032

SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

The components of intangible assets were as follows:

	Gross						Net		Weighted Average
As of June 30, 2024	Carrying		Accumulated		Impairment		Carrying		Remaining
(in thousands)	Amount		Amortization		Expense		Amount		Period (Years)
Acquired technology	$	20,172	$	4,064	$	3,027	$	13,081		12
Backlog		26		26		-		-		-
	$	20,198	$	4,090	$	3,027	$	13,081

	Gross						Net		Weighted Average
As of December 31, 2023	Carrying		Accumulated		Impairment		Carrying		Remaining
(in thousands)	Amount		Amortization		Expense		Amount		Period (Years)
Acquired technology	$	20,172	$	2,940	$	-	$	17,232		12
Backlog		26		23		-		3		-
	$	20,198	$	2,963	$	-	$	17,235

SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE RELATED TO INTANGIBLE ASSETS

The following table outlines estimated future amortization expense related to intangible assets held as of June 30, 2024 (in thousands):

			Research and
	Cost of		Development
Years Ended December 31,	Revenue		Expense		Total
2024 (remainder of the year)	$	723		245	$	968
2025		1,446		55		1,501
2026		1,446		25		1,471
2027		829		-		829
Thereafter		8,312		-		8,312
	$	12,756	$	325	$	13,081