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Supplementary Balance Sheet Information | 9 Months Ended
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Sep. 30, 2024
Disclosure Text Block Supplement [Abstract] |
Supplementary Balance Sheet Information | 8. Supplementary Balance Sheet Information Selected financial data as of the dates presented below is as follows (in thousands, except useful life data):
Inventory |  | September 30, 2024 |  |  | December 31, 2023 |
Raw materials |  | $ | 664 |  |  | $ | 668 |
Finished goods |  |  | 46,125 |  |  |  | 60,733 |
Inventory |  | $ | 46,789 |  |  | $ | 61,401 |
The inventory reserve was $4.9 million and $1.0 million as of September 30, 2024, and December 31, 2023, respectively. The Company recorded charges to cost of goods sold of $3.4 million and $4.0 million for the three and nine months ended September 30, 2024, respectively, and $1.8 million for the three and nine months ended September 30, 2023, to write down the carrying value of finished goods inventories to their estimated net realizable value.
Property and equipment, net |  | Estimated Useful Life |  | September 30, 2024 |  |  | December 31, 2023 |
Machinery and equipment |  | 7 years |  | $ | 6,047 |  |  | $ | 5,810 |
Vehicles |  | 5 years |  |  | 31 |  |  |  | 31 |
Computer software |  | 5 years |  |  | 212 |  |  |  | 192 |
Computer equipment |  | 5 years |  |  | 602 |  |  |  | 574 |
Furniture and fixtures |  | 5 years |  |  | 216 |  |  |  | 216 |
Leasehold improvements |  | 3 - 6 years |  |  | 465 |  |  |  | 457 |
|  |  |  |  | 7,573 |  |  |  | 7,280 |
Less: Accumulated depreciation |  |  |  |  | 4,529 |  |  |  | 3,822 |
Property and equipment, net |  |  |  | $ | 3,044 |  |  | $ | 3,458 |
For the three months ended September 30, 2024, and 2023 the Company recorded depreciation expense of $0.2 million in the condensed consolidated statements of operations and comprehensive loss. For the nine months ended September 30, 2024, and 2023 the Company recorded depreciation expense of $0.7 million and $0.6 million, respectively, in the condensed consolidated statements of operations and comprehensive loss.
Accrued expenses and other current liabilities |  | September 30, 2024 |  |  | December 31, 2023 |
Accrued vacation |  | $ | 1,029 |  |  | $ | 856 |
Accrued compensation |  |  | 1,399 |  |  |  | 2,514 |
Accrued interest |  |  | 562 |  |  |  | 1,222 |
Accrued professional fees |  |  | 752 |  |  |  | 409 |
Accrued warehouse and freight |  |  | 838 |  |  |  | 1,001 |
Accrued other(1) |  |  | 1,535 |  |  |  | 1,974 |
Other current liabilities(2) |  |  | 28 |  |  |  | 705 |
Accrued expenses and other current liabilities |  | $ | 6,143 |  |  | $ | 8,681 |
(1) Accrued other as of September 30, 2024, and December 31, 2023, primarily consist of accrued expenses related to legal expense, insurance expense and sales discounts. (2) Other current liabilities as of December 31, 2023, primarily consist of the contingent shares’ liability related to the acquisition of fSight in Q1 2023. See Note 4 for additional information.
Allowance for credit losses |  | September 30, 2024 |  |  | December 31, 2023 |
Allowance for credit losses, beginning balance |  | $ | 4,011 |  |  | $ | 76 |
Net charges to (recovery) or expense |  |  | (1,535 | ) |  |  | 3,960 |
Write-offs, net of recoveries |  |  | (142 | ) |  |  | (25 | )
Allowance for credit losses, ending balance |  | $ | 2,334 |  |  | $ | 4,011 |

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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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