| Balance Sheet Account Details |
Balance Sheet Account Details Accounts Receivable and Allowance for Credit Losses | | | | | | | | | | | | | | June 30,
2023 | | | December 31,
2022 | | Accounts receivable, net: | | | | | | Accounts receivable, trade | $ | 7,875,000 | | | | $ | 7,315,000 | | | Allowance for credit losses | (262,000) | | | | (293,000) | | | $ | 7,613,000 | | | | $ | 7,022,000 | |
Changes to the allowance for credit losses during the six months ended June 30, 2023 were as follows: | | | | | | | Allowance for Credit Losses | | Balance as of January 1, 2023 | $ | (293,000) | | | Provision for expected credit loss | (5,000) | | | Write-offs and payments | 36,000 | | Balance as of June 30, 2023 | $ | (262,000) | |
The Company’s adoption of ASU No. 2016-13, Financial Instruments - Credit Losses, included an assessment of our aged trade receivables balances and their underlying credit risk characteristics. Our evaluation of past events, current conditions, and reasonable and supportable forecasts about the future resulted in an expectation of immaterial credit losses. Inventory The components of inventories are as follows: | | | | | | | | | | | | | | June 30,
2023 | | December 31,
2022 | | Inventory: | | | | | Raw materials | $ | 6,204,000 | | | $ | 5,319,000 | | Work in process | 10,577,000 | | | 7,055,000 | | | Finished goods | 15,672,000 | | | 17,387,000 | | | $ | 32,453,000 | | | $ | 29,761,000 | |
Intangible Assets Intangible assets that are subject to amortization consisted of the following for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2023 | | December 31, 2022 | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Trade name | | $ | 2,630,000 | | | $ | (815,000) | | | $ | 1,815,000 | | | $ | 2,630,000 | | | $ | (552,000) | | | $ | 2,078,000 | | | Customer relationships | | 4,150,000 | | | (1,587,000) | | | 2,563,000 | | | 4,150,000 | | | (1,172,000) | | | 2,978,000 | | | Developed technology | | 41,600,000 | | | (8,521,000) | | | 33,079,000 | | | 41,600,000 | | | (5,615,000) | | | 35,985,000 | | | Intangibles, net | | $ | 48,380,000 | | | $ | (10,923,000) | | | $ | 37,457,000 | | | $ | 48,380,000 | | | $ | (7,339,000) | | | $ | 41,041,000 | |
Intangible assets not subject to amortization totaled $0.1 million at June 30, 2023 and December 31, 2022, and related to the Company’s domain name. Accrued Expenses Accrued expenses consist of the following: | | | | | | | | | | | | | June 30,
2023 | | December 31,
2022 | | Compensation expenses | $ | 5,917,000 | | | $ | 7,002,000 | | | Customer deposits | 17,000 | | | 17,000 | | | Taxes payable | 897,000 | | | 825,000 | | | Insurance | 125,000 | | | 613,000 | | | Professional fees and royalties | 153,000 | | | 210,000 | | | Warranty liabilities | 640,000 | | | 489,000 | | | Accrued clinical study fees | 150,000 | | | 250,000 | | | Other | 417,000 | | | 1,146,000 | | | Total | $ | 8,316,000 | | | $ | 10,552,000 | |
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