XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Supplemental Condensed Consolidated Balance Sheet Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Supplemental Condensed Consolidated Balance Sheet Information [Abstract] |
Schedule of Accounts Receivable | Accounts receivable consisted of the following as of June 30, 2024 and December 31, 2023:
(In thousands) |  | June 30, 2024 |  |  | December 31, 2023 |
Accounts receivable, gross |  | $ | 2,835 |  |  | $ | 3,036 |
Less allowance for credit losses |  |  | (2,563 | ) |  |  | (1,887 | )
Accounts receivable, net |  | $ | 272 |  |  | $ | 1,149 |
Schedule of Movements in the Company’s Credit Losses Accounts | The movements in the Company’s credit losses accounts were as follow:
(In thousands) |  | Six months ended June 30, 2024 |  |  | Year ended December 31, 2023 |
Allowance for credit losses - beginning of period |  | $ | 1,887 |  |  | $ | 4,605 |
(Recovery of) allowance for credit losses |  |  | 698 |  |  |  | (1,426 | )
Accounts receivable written-off |  |  | (22 | ) |  |  | (1,292 | )
Allowance for credit losses - end of period |  | $ | 2,563 |  |  | $ | 1,887 |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following as of June 30, 2024 and December 31, 2023:
(In thousands) |  | June 30, 2024 |  |  | December 31, 2023 |
Receivable from legal settlement |  | $ | 318 |  |  | $ | 625 |
Prepaid insurance |  |  | 173 |  |  |  | 454 |
Prepaid expenses, other |  |  | 77 |  |  |  | 82 |
Other receivables |  |  | 57 |  |  |  | 34 |
Prepaid software |  |  | 24 |  |  |  | 70 |
Prepaid materials |  |  | 14 |  |  |  | 13 |
Prepaid settlement asset |  |  | — |  |  |  | 2,054 |
Total prepaid expenses and other current assets |  | $ | 663 |  |  | $ | 3,332 |
Schedule of Property and Equipment | Property and equipment, net consisted of the following as of June 30, 2024 and December 31, 2023:
(In thousands) |  | June 30, 2024 |  |  | December 31, 2023 |
Leased equipment |  | $ | 4,465 |  |  | $ | 4,465 |
Machinery and equipment |  |  | 905 |  |  |  | 904 |
Software |  |  | 606 |  |  |  | 606 |
Computer and office equipment |  |  | 546 |  |  |  | 588 |
Leasehold improvements |  |  | 200 |  |  |  | 702 |
Research and development laboratory equipment |  |  | 175 |  |  |  | 183 |
Furniture and fixtures |  |  | 116 |  |  |  | 116 |
Trade show assets |  |  | 79 |  |  |  | 78 |
Vehicles |  |  | 43 |  |  |  | 43 |
Total property and equipment, gross |  |  | 7,135 |  |  |  | 7,685 |
Accumulated depreciation |  |  | (3,124 | ) |  |  | (2,894 | )
Construction in progress |  |  | 2,943 |  |  |  | 2,943 |
Total property and equipment, net |  | $ | 6,954 |  |  | $ | 7,734 |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities consisted of the following as of June 30, 2024 and December 31, 2023:
(In thousands) |  | June 30, 2024 |  |  | December 31, 2023 |
Sales tax payable (1) |  | $ | 4,848 |  |  | $ | 5,338 |
Accrued construction costs |  |  | 1,312 |  |  |  | 1,412 |
Accrued professional fees |  |  | 402 |  |  |  | 457 |
Accrued warranty expenses |  |  | 316 |  |  |  | 420 |
Compensation related fees |  |  | 304 |  |  |  | 474 |
Accrued consulting fees |  |  | 210 |  |  |  | 43 |
Accrued inventory purchases |  |  | 14 |  |  |  | 10 |
Accrued interest expense |  |  | 4 |  |  |  | 321 |
Accrued acquisition liabilities |  |  | — |  |  |  | 2,180 |
Total accrued expenses and other current liabilities |  | $ | 7,410 |  |  | $ | 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.

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration