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Composition of Certain Financial Statement Items
 9 Months Ended
Sep. 30, 2024
Condensed Consolidated Balance Sheet Components [Abstract]  
Composition of Certain Financial Statement Items

Note 6. Composition of Certain Financial Statement Items

Inventories

Inventories consist of the following:

 

 

 

September 30,
2024

 

 

December 31,
2023

 

 

 

(in thousands)

 

Finished goods

 

$

95,016

 

 

$

43,579

 

Raw materials

 

 

7,247

 

 

 

440

 

Total inventories

 

$

102,263

 

 

$

44,019

 

 

Property and Equipment, net

Property and equipment, net, consists of the following:

 

 

 

September 30,
2024

 

 

December 31,
2023

 

 

 

(in thousands)

 

Machinery and equipment

 

$

2,808

 

 

$

2,597

 

Software and software development

 

 

2,861

 

 

 

2,438

 

Furniture and fixtures

 

 

1,709

 

 

 

1,700

 

Tooling

 

 

14,056

 

 

 

11,250

 

Leasehold improvements

 

 

2,372

 

 

 

1,988

 

Demonstration units and convention booths

 

 

16,617

 

 

 

15,767

 

Total property and equipment, gross

 

 

40,423

 

 

 

35,740

 

Less: accumulated depreciation and amortization

 

 

(34,670

)

 

 

(30,916

)

Total property and equipment, net

 

$

5,753

 

 

$

4,824

 

 

 

Other Current Liabilities

Other current liabilities consist of the following:

 

 

 

September 30,
2024

 

 

December 31,
2023

 

 

 

(in thousands)

 

Accrued employee expenses

 

$

3,432

 

 

$

3,944

 

Accrued royalty

 

 

6,059

 

 

 

5,275

 

Accrued tax-related payables

 

 

4,815

 

 

 

5,206

 

Accrued freight

 

 

2,705

 

 

 

2,917

 

Accrued marketing

 

 

1,992

 

 

 

3,335

 

Accrued expenses

 

 

11,686

 

 

 

8,747

 

Total other current liabilities

 

$

30,689

 

 

$

29,424