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Note 4 - Balance Sheet Components
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Supplemental Balance Sheet Disclosures [Text Block]

NOTE 4 — BALANCE SHEET COMPONENTS 

 

  

December 31,

  

January 1,

 
  

2023

  

2023

 
  

(in thousands)

 

Inventories:

        

Work-in-process

 $1,602  $1,826 

Finished goods

  427   667 
  $2,029  $2,493 

Prepaid expenses and other current assets:

        

Prepaid taxes

 $498  $510 

Deferred charges

  290   295 

Other prepaid taxes, royalties, and other prepaid expenses

  629   500 

Other

  144   265 
  $1,561  $1,570 

Property and equipment:

        

Equipment

 $10,503  $10,133 

Tooling

  9,248   1,549 

Software

  1,803   1,803 

Furniture and fixtures

  65   65 

Leasehold improvements

  580   466 
   22,199   14,016 

Accumulated depreciation and amortization

  (13,251)  (12,618)
  $8,948  $1,398 

Capitalized internal-use software:

        

Capitalized software held for internal use

 $3,491  $2,370 

Accumulated amortization

  (1,422)  (856)
  $2,069  $1,514 

Accrued liabilities:

        

Accrued compensation

 $1,910  $865 

Accrued employee benefits

  57   40 

Accrued payroll tax

  197   57 

Other

  509   547 
  $2,673  $1,509 

 

The Company capitalized $7.09 million in pre-production design and development costs as tooling to be utilized under its long-term professional services contracts for the fiscal year ended December 31, 2023. The capitalized assets recognized in the period are owned by the Company. No pre-production design and development costs were capitalized in the fiscal year ended January 1, 2023.

 

The Company recorded depreciation and amortization expense of $1.8 million, $1.1 million, and $1 million for the years ended December 31, 2023,  January 1, 2023, and January 2, 2022, respectively. No interest was capitalized for any period presented.

 

Depreciation and amortization expense included approximately $0.6 million, $0.4 million, and $0.3 million in amortization expense of capitalized internal-use software for the years ended December 31, 2023,  January 1, 2023, and January 2, 2022, respectively.

 

Accounts receivable, net of allowances for doubtful accounts of $0.1 million, was $1.0 million as of January 2, 2022.