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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of Inventory

As of June 30, 2021 and December 31, 2020, inventory consisted of the following (amounts in thousands):

 

 

As of

 

 

As of

 

 

 

June 30, 2021

 

 

December 31, 2020

 

Raw materials

 

$

167

 

 

$

160

 

Work-in-process

 

 

526

 

 

 

440

 

Finished goods

 

 

69

 

 

 

44

 

Inventory

 

$

762

 

 

$

644

 

Inventory reserve

 

 

(255

)

 

 

(255

)

Total inventory, net of reserve

 

$

507

 

 

$

389

 

Summary of Property and Equipment

As of June 30, 2021 and December 31, 2020, property and equipment consisted of the following (amounts in thousands):

 

 

As of

 

 

As of

 

 

 

June 30, 2021

 

 

December 31, 2020

 

Leasehold improvement

 

$

64

 

 

$

64

 

Furniture and fixtures

 

 

93

 

 

 

93

 

Equipment

 

 

354

 

 

 

335

 

Computer software and hardware

 

 

197

 

 

 

197

 

Property and equipment

 

 

708

 

 

 

689

 

Less accumulated depreciation

 

 

(259

)

 

 

(203

)

Property and equipment, net

 

$

449

 

 

$

486

 

Summary of Activity for Goodwill

The following is a summary of the activity for the period ended June 30, 2021 for goodwill:

Carrying amount at December 31, 2020

 

$

759

 

Foreign currency translation

 

 

24

 

Carrying amount at June 30, 2021

 

$

783

 

Summary of Intangible Assets

Intangible assets as of June 30, 2021 and December 31, 2020 consist of the following:

 

 

 

 

 

As of June 30, 2021

 

 

As of December 31, 2020

 

 

 

Useful Life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Customer relationships (1)

 

1.25 years

 

$

 

 

$

 

 

$

 

 

$

237

 

 

$

(228

)

 

$

9

 

Acquired proprietary software

 

5 years

 

 

155

 

 

 

(52

)

 

 

103

 

 

 

150

 

 

 

(35

)

 

 

115

 

Reacquired rights

 

3.87 years

 

 

519

 

 

 

(224

)

 

 

295

 

 

 

503

 

 

 

(152

)

 

 

351

 

Internally developed software

 

3 years

 

 

84

 

 

 

(44

)

 

 

40

 

 

 

82

 

 

 

(30

)

 

 

52

 

Total intangible assets

 

 

 

$

758

 

 

$

(320

)

 

$

438

 

 

$

972

 

 

$

(445

)

 

$

527

 

Summary of Anticipated Amortization Expense

 

Amortization expense is anticipated to be as follows in future years:

 

For the Year Ending December 31,

 

 

 

 

2021 (remaining 6 months)

 

$

96

 

2022

 

 

189

 

2023

 

 

127

 

2024

 

 

26

 

 

 

$

438

 

Summary of Basic and Diluted Net Loss per Share

The basic and diluted loss per share for the periods noted below is as follows (amounts in thousands except shares and per share data):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Basic and Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,981

)

 

$

(3,361

)

 

$

(9,343

)

 

$

(8,118

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

2,317,389

 

 

 

1,160,661

 

 

 

2,179,878

 

 

 

1,033,692

 

Basic and diluted net loss per share

 

$

(2.58

)

 

$

(2.90

)

 

$

(4.29

)

 

$

(7.85

)