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Supplemental Consolidated Balance Sheet Information | 9 Months Ended
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Sep. 30, 2022
Supplemental Consolidated Balance Sheet Information [Abstract] |
Supplemental Consolidated Balance Sheet Information | Note 3 — Supplemental Consolidated Balance Sheet Information Accounts Receivable Accounts receivable consisted of the following as of September 30, 2022 and December 31, 2021:
(In thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Accounts receivable, gross |  | $ | 7,684 |  |  | $ | 8,637 |
Less allowance for doubtful accounts |  |  | (3,125 | ) |  |  | (1,415 | )
Accounts receivable, net |  | $ | 4,559 |  |  | $ | 7,222 |
NEIA, a related party, accounted for $0 and $3.5 million of the Company’s accounts receivable, net as of September 30, 2022 and December 31, 2021, respectively. The changes in the allowance for doubtful accounts consisted of the following:
(In thousands) |  | Nine Months Ended September 30, 2022 |  |  | Year Ended December 31, 2021 |
Allowance for doubtful accounts - beginning of period |  | $ | 1,415 |  |  | $ | 54 |
Provision for doubtful accounts |  |  | 1,938 |  |  |  | 1,187 |
Other adjustments |  |  | (228 | ) |  |  | 174 |
Allowance for doubtful accounts - end of period |  | $ | 3,125 |  |  | $ | 1,415 |
Bad debt expense was $385 thousand and $0 for the three months ended September 30, 2022 and 2021, respectively, and $1.9 million and $0 for the nine months ended September 30, 2022 and 2021, respectively. Prepaid Expenses and Other Current Receivables Prepaid expenses and other current receivables consisted of the following as of September 30, 2022 and December 31, 2021:
(In thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Deferred costs |  | $ | 1,108 |  |  | $ | 353 |
Prepaid insurance |  |  | 931 |  |  |  | 492 |
Other receivables, other |  |  | 603 |  |  |  | 86 |
Other note receivables (1) |  |  | 584 |  |  |  | 807 |
Prepaid expenses, other |  |  | 430 |  |  |  | 541 |
Prepaid materials |  |  | 261 |  |  |  | — |
Prepaid software |  |  | 188 |  |  |  | 173 |
Deferred issuance costs, net |  |  | 191 |  |  |  | — |
Total prepaid expenses and other current assets |  | $ | 4,296 |  |  | $ | 2,452 |
(1) | Other note receivables relate to the current portion of one of its loan receivable balances related to the total turn-key solution (“TTK Solution”) program.
Property and Equipment, Net Property and equipment, net consisted of the following as of September 30, 2022 and December 31, 2021:
(In thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Leasehold improvements |  | $ | 1,048 |  |  | $ | 841 |
Machinery and equipment |  |  | 1,048 |  |  |  | 898 |
Computer and office equipment |  |  | 624 |  |  |  | 473 |
Leased equipment at customer |  |  | 602 |  |  |  | 619 |
Furniture and fixtures |  |  | 504 |  |  |  | 385 |
Software |  |  | 300 |  |  |  | 174 |
Research and development of laboratory equipment |  |  | 260 |  |  |  | 163 |
Vehicles |  |  | 143 |  |  |  | 143 |
Trade show assets |  |  | 79 |  |  |  | 80 |
Total property and equipment, gross |  |  | 4,608 |  |  |  | 3,776 |
Accumulated depreciation |  |  | (1,930 | ) |  |  | (780 | )
Construction in progress |  |  | 10,530 |  |  |  | 3,236 |
Total property and equipment, net |  | $ | 13,208 |  |  | $ | 6,232 |
Depreciation expense for the three months ended September 30, 2022 and 2021 was $409 thousand and $139 thousand, respectively, and $1.2 million and $337 thousand for the nine months ended September 30, 2022 and 2021, respectively. Other Non-Current Assets Other non-current assets consisted of the following as of September 30, 2022 and December 31, 2021:
(In thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Long-term deferred commissions expense |  | $ | 1,293 |  |  | $ | 1,101 |
Deferred debt issuance costs, non-current, net |  |  | 454 |  |  |  | — |
Security deposits |  |  | 152 |  |  |  | 83 |
Total other non-current assets |  | $ | 1,899 |  |  | $ | 1,184 |
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following as of September 30, 2022 and December 31, 2021:
(In thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Sales tax payable (1) |  | $ | 5,756 |  |  | $ | 5,290 |
Accrued construction costs |  |  | 5,661 |  |  |  | 8,803 |
Accrued acquisition liability (2) |  |  | 4,145 |  |  |  | 9,198 |
Compensation related fees |  |  | 3,141 |  |  |  | 3,491 |
Accrued warranty costs |  |  | 540 |  |  |  | 398 |
Accrued professional fees |  |  | 448 |  |  |  | 1,104 |
Accrued interest expense |  |  | 263 |  |  |  | — |
Accrued inventory purchases |  |  | 243 |  |  |  | 201 |
Financing lease liabilities |  |  | 153 |  |  |  | 156 |
Accrued consulting fees |  |  | 90 |  |  |  | 75 |
Accrued non-income taxes |  |  | — |  |  |  | 48 |
Other current liabilities |  |  | 65 |  |  |  | — |
Total accrued expenses and other current liabilities |  | $ | 20,505 |  |  | $ | 28,764 |
(1) | Sales tax payable primarily represents identified sales and use tax liabilities arising from the acquisition of Precision and Cascade. These amounts are included as part of the initial purchase price allocations and are the subject matter of an indemnification claim under the Precision and Cascade acquisition agreement.
(2) | Accrued acquisition liabilities include both the contingent consideration and the value of held-back Common Stock associated with the 2022 acquisition of Lab Society and the 2021 acquisition of PurePressure.
Warranty Accrual The following table summarizes the activity related to the Company’s accrued liability for estimated future warranty costs:
(In thousands) |  | Nine Months Ended September 30, 2022 |  |  | Year Ended December 31, 2021 |
Warranty accrual – beginning of period |  | $ | 398 |  |  | $ | — |
Liabilities accrued for warranties issued during period |  |  | 142 |  |  |  | 398 |
Warranty accrual – end of period |  | $ | 540 |  |  | $ | 398 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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