Note 4 - Balance Sheet Components

9 Months Ended

Oct. 01, 2023

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

Note 4 — Balance Sheet Components

The following table provides details relating to certain balance sheet line items as of October 1, 2023, and January 1, 2023 (in thousands):

	October 1,			January 1,
	2023			2023
Accounts receivable:
Trade account receivables	$	497		$	2,707
Less: Allowance for doubtful accounts		(16	)		(18	)
	$	481		$	2,689
Inventories:
Work-in-process	$	1,898		$	1,826
Finished goods		132			667
	$	2,030		$	2,493
Prepaid expenses and other current assets:
Prepaid taxes	$	512		$	510
Deferred charges		414			295
Other prepaid taxes, royalties, and other prepaid expenses		636			500
Other		164			265
	$	1,726		$	1,570
Property and equipment, net:
Equipment	$	10,487		$	10,133
Tooling(1)	$	3,862
Software		1,803			1,803
Furniture and fixtures		65			65
Leasehold improvements		549			466
		16,766			12,467
Less: Accumulated depreciation and amortization		(12,219	)		(12,002	)
	$	4,547		$	465
Capitalized internal-use software, net:
Capitalized internal-use software	$	2,921		$	2,370
Less: Accumulated amortization		(1,255	)		(856	)
	$	1,666		$	1,514
Accrued liabilities:
Accrued compensation	$	1,293		$	865
Accrued employee benefits		117			40
Accrued payroll tax		81			57
Other		556			547
	$	2,047		$	1,509

(1) In the nine months ended October 1 2023, the Company capitalized $3.86 million related to tooling to be utilized under its long-term professional services contracts. The tooling will be depreciated over an estimated useful life of seven years.