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Note 5 - Balance Sheet Information

12 Months Ended

Dec. 31, 2023

Supplemental Balance Sheet Disclosures [Text Block]

5.	Balance Sheet Information

The following tables provide details of selected balance sheet items as of the periods indicated:

*Inventories:*	December 31,
(in thousands)	2023		2022
Finished goods	$	5,120	$	5,223
Work in process		4,188		3,776
Raw materials		15,408		17,440
Total	$	24,716	$	26,439

*Property, Plant and Equipment:*	December 31,
(in thousands)	2023			2022
Machinery and equipment	$	8,154		$	7,500
Computer equipment and software		6,493			6,781
Leasehold improvements		2,417			2,507
Furniture and fixtures		1,244			1,386
Automobiles		58			38
		18,366			18,212
Less: accumulated depreciation		(14,385	)		(14,846	)
Property, plant and equipment, net	$	3,981		$	3,366

Depreciation expense was $1.5 million for each of the years ended December 31, 2023 and 2022. During the year ended December 31, 2023, the Company wrote off approximately $2.0 million of fully depreciated property and equipment from its fixed asset records.

*Other Current Liabilities:*	December 31,
(in thousands)	2023		2022
Compensation	$	3,929	$	3,476
Customer credits		3,201		2,368
Professional fees		499		392
Warranty costs		336		268
Other		1,240		982
Total	$	9,205	$	7,486

Long-lived Assets by Geographic Area:

Long-lived assets by geographic area, which include operating lease right-of-use assets, property, plant and equipment, and amortizable intangible assets, are as follows:

	December 31,
(in thousands)	2023		2022
United States	$	21,558	$	26,051
Germany		1,703		2,432
Rest of the world		1,322		1,489
Total long-lived assets	$	24,583	$	29,972