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FINANCIAL STATEMENT COMPONENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SCHEDULE OF COMPONENTS OF INVENTORY | Inventory consists of the following (in thousands): SCHEDULE OF COMPONENTS OF INVENTORY
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Raw materials |  | $ | 1,616 |  |  | $ | 1,574 |
Work in process |  |  | - |  |  |  | 305 |
Finished goods |  |  | 678 |  |  |  | 1,995 |
Total inventory |  | $ | 2,294 |  |  | $ | 3,874 |
SCHEDULE OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT | Property and equipment consists of the following (in thousands): SCHEDULE OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Production equipment |  | $ | 6,140 |  |  | $ | 6,140 |
Leasehold improvements |  |  | 3,957 |  |  |  | 3,843 |
Computer hardware and software/lab equipment |  |  | 12,211 |  |  |  | 12,149 |
Office furniture and equipment |  |  | 4,973 |  |  |  | 5,367 |
Property and equipment, gross |  |  | 27,281 |  |  |  | 27,499 |
Less: Accumulated depreciation |  |  | (20,220 | ) |  |  | (18,467 | )
Property and equipment, net |  | $ | 7,061 |  |  | $ | 9,032 |
SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS | The components of intangible assets are as follows: SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS
As of December 31, 2024 |  | Gross |  |  |  |  |  |  |  |  | Net |  |  | Weighted Average Remaining |
|  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Carrying |  |  | Period |
(in thousands) |  | Amount |  |  | Amortization |  |  | Expense |  |  | Amount |  |  | (Years) |
Acquired technology |  | $ | 20,172 |  |  |  | 5,019 |  |  | $ | 4,181 |  |  | $ | 10,972 |  |  |  | 13 |
Backlog |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 20,172 |  |  | $ | 5,019 |  |  | $ | 4,181 |  |  | $ | 10,972 |  |  |  |  |
As of December 31, 2023 |  | Gross |  |  |  |  |  |  |  |  | Net |  |  | Weighted Average Remaining |
|  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Carrying |  |  | Period |
(in thousands) |  | Amount |  |  | Amortization |  |  | Expense |  |  | Amount |  |  | (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 December 31, 2024 (in thousands): SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE RELATED TO INTANGIBLE ASSETS
|  |  |  |  | Research and |  |  |  |
|  | Cost of |  |  | Development |  |  |  |
Years Ended December 31, |  | Revenue |  |  | Expense |  |  | Total |
2025 |  | $ | 869 |  |  |  | 54 |  |  | $ | 923 |
2026 |  |  | 869 |  |  |  | 27 |  |  |  | 896 |
2027 |  |  | 829 |  |  |  | 1 |  |  |  | 830 |
2028 |  |  | 825 |  |  |  | - |  |  |  | 825 |
2029 |  |  | 825 |  |  |  | - |  |  |  | 825 |
Thereafter |  |  | 6,673 |  |  |  | - |  |  |  | 6,673 |
Total |  | $ | 10,890 |  |  | $ | 82 |  |  | $ | 10,972 |
SCHEDULE OF ACCRUED LIABILITIES | Accrued liabilities consists of the following (in thousands): SCHEDULE OF ACCRUED LIABILITIES
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Bonuses |  | $ | 571 |  |  | $ | 1,359 |
Payroll and payroll taxes |  |  | 1,127 |  |  |  | 3,704 |
Income taxes payable |  |  | 20 |  |  |  | 2,111 |
Accrued professional fees |  |  | 140 |  |  |  | 236 |
Liabilities to suppliers |  |  | 381 |  |  |  | 885 |
Other |  |  | 303 |  |  |  | 345 |
Total accrued liabilities |  | $ | 2,542 |  |  | $ | 8,640 |

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