XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

Significant Balance Sheet Components | 6 Months Ended
--- | ---
Jun. 30, 2022
Credit Loss [Abstract] |
Significant Balance Sheet Components | NOTE 4 —Significant Balance Sheet Components Accounts Receivable consists of the following: Schedule of Accounts Receivable
|  | June 30, 2022 |  |  | December 31, 2021 |
Trade receivables |  | $ | 6,250 |  |  | $ | 11,735 |
Allowance for doubtful accounts |  |  | (934 | ) |  |  | (932 | )
Accounts receivable, net |  |  | 5,316 |  |  |  | 10,803 |
Vendor non-trade receivables |  |  | 1,258 |  |  |  | 2,255 |
Total accounts receivable |  | $ | 6,574 |  |  | $ | 13,058 |
The Company has non-trade receivables from a manufacturing vendor resulting from the sale of components to this vendor who manufactures and assembles final products for the Company. The Company analyzes the need for reserves for potential credit losses and records allowances for doubtful accounts when necessary. The Company had allowances for such losses totaling approximately $934 and $932 as of June 30, 2022 and December 31, 2021, respectively. In July 2022, the Company reached a settlement for a customer of a $912 trade receivable that was fully reserved for in the June 30, 2022 allowance for doubtful accounts. The Company received $91 in cash and the remaining receivable was written off to the allowance for doubtful accounts. Inventory consists of the following: Schedule of Inventory
|  | June 30, 2022 |  |  | December 31, 2021 |
Finished goods |  | $ | 2,466 |  |  | $ | 2,952 |
Raw materials |  |  | 560 |  |  |  | 1,986 |
Accessories |  |  | 396 |  |  |  | 606 |
Inventory, Net |  | $ | 3,422 |  |  | $ | 5,544 |
Distributor returns allowance The Company records reductions to cost of goods sold related to future distributor product returns based on the Company’s expectation. The Company had inventory related to distributor product returns totaling approximately $41 and $229 as of June 30, 2022 and December 31, 2021 respectively. SONIM TECHNOLOGIES, INC NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (In thousands of U.S. dollars except share and per share amounts or as otherwise disclosed) Other assets consisted of the following: Schedule of Other Assets
|  | June 30, 2022 |  |  | December 31, 2021 |
Deferred NRE |  | $ | 1,909 |  |  | $ | 2,345 |
Advances to third party manufacturers |  |  | 2,000 |  |  |  | 2,000 |
Deposits |  |  | 425 |  |  |  | 431 |
Costs for equity transaction that closed in 3rd quarter (Note 12) |  |  | 694 |  |  |  | — |
Other |  |  | 78 |  |  |  | 93 |
Total Other Assets |  | $ | 5,106 |  |  | $ | 4,869 |
Accrued Expenses consisted of the following: Schedule of Accrued Expenses
|  | June 30, 2022 |  |  | December 31, 2021 |
Customer allowances |  | $ | 3,652 |  |  | $ | 3,148 |
Employee-related liabilities |  |  | 754 |  |  |  | 1,893 |
Warranties |  |  | 933 |  |  |  | 836 |
Accrual for goods received not invoiced |  |  | 180 |  |  |  | 668 |
Contractual obligations |  |  | 1,035 |  |  |  | 1,035 |
Royalties |  |  | 1,165 |  |  |  | 1,210 |
Research and development |  |  | 3,000 |  |  |  | 1,158 |
Shipping |  |  | 205 |  |  |  | 157 |
Returns allowance |  |  | 64 |  |  |  | 390 |
Legal |  |  | 167 |  |  |  | 517 |
Costs for equity transaction that closed in 3rd quarter (Note 12) |  |  | 694 |  |  |  | — |
Other |  |  | 196 |  |  |  | 341 |
Accrued liabilities, current |  | $ | 12,045 |  |  | $ | 11,353 |
Other liability for proceeds received for equity not yet issued of $6,800 are payments received per the subscription agreement (see Note 12). The liability was relieved when stock was issued to the investors following the first close of the subscription agreement on July 13, 2022.

X
- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI https://asc.fasb.org/topic&trid=82887179 + Details
Name: | us-gaap_AccountsAndNontradeReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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