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Financial Statement Details | 9 Months Ended
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Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Financial Statement Details | Financial Statement Details Inventories Inventories consist of the following (in thousands):
| September 30, 2023 |  | December 31, 2022
Finished goods | $ | 18,122 |  |  | $ | 31,153 |
Raw materials and components | 3,794 |  |  | 6,823 |
Total inventories | $ | 21,916 |  |  | $ | 37,976 |
The Company recorded a write-down of $6.8 million to reflect inventories at net realizable value in addition to a $1.3 million write-off of capitalized inventory order fees. Further, management accrued an additional $6.3 million in contract manufacturing liabilities (included in Accrued Expenses and Other Current Liabilities section below) related to excess materials at the contract manufacturers’ sites. All of these charges were recorded in cost of revenues during the three months ended September 30, 2023. Prepaid expenses and other Prepaid expenses and other consists of the following (in thousands):
| September 30, 2023 |  | December 31, 2022
Rebate receivables | $ | 1,363 |  |  | $ | 2,038 |
Receivables from contract manufacturers | 1,441 |  |  | 3,561 |
Software licenses | 816 |  |  | 772 |
Deposits | 727 |  |  | 829 |
Financed assets | 422 |  |  | — |
Other | 793 |  |  | 778 |
Total prepaid expenses and other | $ | 5,562 |  |  | $ | 7,978 |
1 Rounding may impact summation of amounts. Accrued expenses and other current liabilities Accrued expenses and other current liabilities consist of the following (in thousands):
| September 30, 2023 |  | December 31, 2022
Royalties | 902 |  |  | 992 |
Payroll and related expenses | 5,440 |  |  | 8,873 |
Warranty obligations | 480 |  |  | 480 |
Professional fees | 176 |  |  | 738 |
Accrued interest | 2,468 |  |  | 1,112 |
Deferred revenue | 4,979 |  |  | 5,060 |
Customer advances | — |  |  | 2,828 |
Operating lease liabilities | 2,036 |  |  | 1,759 |
Accrued contract manufacturing liabilities | 6,990 |  |  | 1,416 |
Value added tax payables | 510 |  |  | 449 |
Other | 4,936 |  |  | 4,238 |
Total accrued expenses and other current liabilities | $ | 28,917 |  |  | $ | 27,945 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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