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Supplemental Consolidated Balance Sheet Information | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024 and December 31, 2023:
(In thousands) |  | March 31, 2024 |  |  | December 31, 2023 |
Accounts receivable, gross |  | $ | 2,723 |  |  | $ | 3,036 |
Less allowance for credit losses |  |  | (2,512 | ) |  |  | (1,887 | )
Accounts receivable, net |  | $ | 211 |  |  | $ | 1,149 |
The changes in the allowance for credit losses accounts consisted of the following:
(In thousands) |  | Three months ended March 31, 2024 |  |  | Year ended December 31, 2023 |
Allowance for credit losses - beginning of period |  | $ | 1,887 |  |  | $ | 4,605 |
(Recovery of) allowance for credit losses |  |  | 642 |  |  |  | (1,426 | )
Write-offs of uncollectible accounts |  |  | (17 | ) |  |  | (1,292 | )
Allowance for credit losses - end of period |  | $ | 2,512 |  |  | $ | 1,887 |
Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of March 31, 2024 and December 31, 2023:
(In thousands) |  | March 31, 2024 |  |  | December 31, 2023 |
Prepaid settlement asset |  | $ | — |  |  | $ | 2,054 |
Other receivables, other |  |  | 536 |  |  |  | 659 |
Prepaid insurance |  |  | 352 |  |  |  | 454 |
Prepaid expenses, other |  |  | 93 |  |  |  | 82 |
Prepaid software |  |  | 31 |  |  |  | 70 |
Prepaid materials |  |  | 16 |  |  |  | 13 |
Total prepaid expenses and other current assets |  | $ | 1,028 |  |  | $ | 3,332 |
Property and Equipment, Net Property and equipment, net consisted of the following as of March 31, 2024 and December 31, 2023:
(In thousands) |  | March 31, 2024 |  |  | December 31, 2023 |
Leased equipment |  | $ | 4,465 |  |  | $ | 4,465 |
Leasehold improvements |  |  | 702 |  |  |  | 702 |
Machinery and equipment |  |  | 904 |  |  |  | 904 |
Software |  |  | 606 |  |  |  | 606 |
Computer and office equipment |  |  | 588 |  |  |  | 588 |
Research and development laboratory equipment |  |  | 183 |  |  |  | 183 |
Furniture and fixtures |  |  | 116 |  |  |  | 116 |
Trade show assets |  |  | 78 |  |  |  | 78 |
Vehicles |  |  | 43 |  |  |  | 43 |
Total property and equipment, gross |  |  | 7,685 |  |  |  | 7,685 |
Accumulated depreciation |  |  | (3,300 | ) |  |  | (2,894 | )
Construction in progress |  |  | 2,943 |  |  |  | 2,943 |
Total property and equipment, net |  | $ | 7,328 |  |  | $ | 7,734 |
Depreciation expense for the three months ended March 31, 2024 and 2023 was $0.4 million and $0.4 million, respectively, and included within general and administrative, selling and marketing, and research and development depending on the nature of the related property and equipment. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following as of March 31, 2024 and December 31, 2023:
(In thousands) |  | March 31, 2024 |  |  | December 31, 2023 |
Sales tax payable (1) |  | $ | 5,320 |  |  | $ | 5,338 |
Accrued acquisition liabilities (2) |  |  | — |  |  |  | 2,180 |
Accrued construction costs |  |  | 1,312 |  |  |  | 1,412 |
Accrued interest expense |  |  | 12 |  |  |  | 321 |
Compensation related fees |  |  | 313 |  |  |  | 474 |
Accrued warranty expenses |  |  | 415 |  |  |  | 420 |
Accrued professional fees |  |  | 423 |  |  |  | 457 |
Accrued inventory purchases |  |  | 3 |  |  |  | 10 |
Accrued consulting fees |  |  | 45 |  |  |  | 43 |
Total accrued expenses and other current liabilities |  | $ | 7,843 |  |  | $ | 10,655 |
| (1) | Sales tax payable primarily represents identified sales and use tax liabilities arising from our acquisition of Precision and Cascade. These amounts are included as part of our initial purchase price allocations and are the subject matter of an indemnification claim under the Precision and Cascade acquisition agreement.
| (2) | Accrued acquisition liabilities represents the value of held back Common Stock associated with the 2021 acquisitions of Precision and Cascade.

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