Note 4 - Balance Sheet Components

3 Months Ended

Mar. 31, 2024

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 March 31, 2024, and December 31, 2023 (in thousands):

	March 31,			December 31,
	2024			2023
Inventories:
Work-in-process	$	1,555		$	1,602
Finished goods		368			427
	$	1,923		$	2,029
Prepaid expenses and other current assets:
Prepaid taxes	$	449		$	498
Deferred charges		523			290
Other prepaid taxes, royalties, and other prepaid expenses		717			629
Other		439			144
	$	2,128		$	1,561
Property and equipment, net:
Equipment	$	10,510		$	10,503
Software tools		1,364			2,163
Tooling		11,044			7,085
Software		1,803			1,803
Furniture and fixtures		65			65
Leasehold improvements		647			580
		25,433			22,199
Less: Accumulated depreciation and amortization		(13,013	)		(13,251	)
	$	12,420		$	8,948
Capitalized internal-use software, net:
Capitalized internal-use software	$	3,742		$	3,491
Less: Accumulated amortization		(1,595	)		(1,422	)
	$	2,147		$	2,069
Intangible assets, net:
Intangible assets	$	1,156		$	1,156
Less: Accumulated amortization		(646	)		(619	)
	$	510		$	537
Accrued liabilities:
Accrued compensation	$	570		$	1,910
Accrued employee benefits		184			57
Accrued payroll tax		295			197
Other		496			509
	$	1,545		$	2,673

The Company capitalized $3.96 million in pre-production design and development costs as tooling to be utilized under its long-term professional services contracts for the three months ended March 31, 2024. No pre-production design and development costs were capitalized for the three months ended April 2, 2023. The capitalized assets recognized in the period are owned by the Company.

The Company recorded depreciation and amortization expense of $0.8 million and $0.4 million for the three months ended March 31, 2024 and April 2, 2023, respectively. No interest was capitalized for any period presented.

Depreciation and amortization expense included approximately $0.2 million and $0.1 million of amortization expense related to capitalized internal-use software for the three months ended March 31, 2024 and April 2, 2023, respectively.