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v3.20.4

Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Inventory | As of December 31, 2020 and 2019, inventory consisted of the following (amounts in thousands):
|  | As of |  |  | As of |
|  | December 31, 2020 |  |  | December 31, 2019 |
Raw materials |  | $ | 160 |  |  | $ | 144 |
Work-in-process |  |  | 440 |  |  |  | 375 |
Finished goods |  |  | 44 |  |  |  | 129 |
Inventory |  | $ | 644 |  |  | $ | 648 |
Inventory reserve |  |  | (255 | ) |  |  | (50 | )
Total inventory, net of reserve |  | $ | 389 |  |  | $ | 598 |
Summary of Property and Equipment | The following tables summarizes the Company’s property and equipment as of December 31, 2020 and 2019 (amounts in thousands):
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Leasehold improvement |  | $ | 64 |  |  | $ | 182 |
Furniture and fixtures |  |  | 93 |  |  |  | 247 |
Equipment |  |  | 335 |  |  |  | 286 |
Computer hardware and software |  |  | 197 |  |  |  | 182 |
Property and equipment |  |  | 689 |  |  |  | 897 |
Less accumulated depreciation |  |  | (203 | ) |  |  | (185 | )
Property and equipment, net |  | $ | 486 |  |  | $ | 712 |
Summary of Recognized Fair Values of Identifiable Assets Acquired and Liabilities Assumed | The following table summarizes the recognized fair values of identifiable assets acquired and liabilities assumed as of October 30, 2019:
|  | October 30, 2019 |
Assets: |  | Fair Value |
Cash and cash equivalents |  | $ | 1 |
Other receivables |  |  | 19 |
Fixed assets |  |  | 7 |
Intangibles |  |  | 1,053 |
Goodwill |  |  | 737 |
Total assets |  | $ | 1,817 |
Liabilities: |  |  |  |
Accounts payable |  |  | 186 |
Other current liabilities |  |  | 9 |
Total liabilities |  | $ | 195 |
Net assets acquired |  | $ | 1,622 |
Summary of Activity for Goodwill | The following is a summary of the activity for the years ended December 31, 2020 and December 31, 2019 for goodwill:
Carrying amount at December 31, 2018 |  | $ | — |
Business acquisition |  |  | 1,226 |
Foreign currency translation |  |  | 16 |
Carrying amount at December 31, 2019 |  | $ | 1,242 |
Business acquisition fair value allocation adjustment |  |  | (503 | )
Foreign currency translation |  |  | 20 |
Carrying amount at December 31, 2020 |  | $ | 759 |
Summary of Intangible Assets | Intangible assets as of December 31, 2020 and December 31, 2019 consist of the following:
|  |  |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | Useful Life |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Customer relationships |  | 1.25 years |  | $ | 237 |  |  | $ | (228 | ) |  | $ | 423 |  |  | $ | (55 | )
Acquired proprietary software |  | 5 years |  |  | 150 |  |  |  | (35 | ) |  |  | 148 |  |  |  | (5 | )
Reacquired rights |  | 3.87 years |  |  | 503 |  |  |  | (152 | ) |  |  | — |  |  |  | — |
Internally developed software |  | 3 years |  |  | 82 |  |  |  | (30 | ) |  |  | 75 |  |  |  | (4 | )
Total intangible assets |  |  |  | $ | 972 |  |  | $ | (445 | ) |  | $ | 646 |  |  | $ | (64 | )
Summary of Anticipated Amortization Expense | Amortization expense is anticipated to be as follows in future years:
For the Year Ending December 31, |  |  |  |
2021 |  | $ | 197 |
2022 |  |  | 183 |
2023 |  |  | 122 |
2024 |  |  | 25 |
|  | $ | 527 |
Summary of Derivative Financial Instruments and Stock-Based Compensation Liability for Non-employee Stock Options | The following table summarizes the Company’s derivative financial instruments within the fair value hierarchy as of December 31, 2020 and 2019 (amounts in thousands):
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |
Summary of Basic and Diluted Loss per Share | The basic and diluted loss per share for the periods noted below is as follows (amounts in thousands, except for share and per share amounts):
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2019 |
Basic and Diluted |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net loss |  | $ | (14,130 | ) |  | $ | (9,781 | )
Denominator |  |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic and diluted |  |  | 1,197,774 |  |  |  | 752,932 |
Basic and diluted net loss per share |  | $ | (11.80 | ) |  | $ | (12.99 | )

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