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Significant Balance Sheet Components | 6 Months Ended
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Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Significant Balance Sheet Components | NOTE 4 —Significant Balance Sheet Components Accounts Receivable consists of the following: Schedule of Accounts Receivable
|  | June 30, 2023 |  |  | December 31, 2022 |
Trade receivables |  | $ | 26,689 |  |  | $ | 22,546 |
Allowance for doubtful accounts |  |  | (113 | ) |  |  | (113 | )
Accounts receivable, net |  |  | 26,576 |  |  |  | 22,433 |
Vendor non-trade receivables |  |  | 1,008 |  |  |  | 2,269 |
Total accounts receivable |  | $ | 27,584 |  |  | $ | 24,702 |
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 $113 as of June 30, 2023 and December 31, 2022. Trade receivables from the customer that purchases tablets from the Company account for 78% and 84% of total accounts receivable at June 30, 2023 and December 31, 2022 respectively. The tablets business uses the Original Device Manufacturer (“ODM”) model where the customer imports the tablets to the U.S., the tablets are rebranded, and the tablets are sold to a U.S. retailer. Due to the delay in shipping the product to the end customer, the payment terms for accounts receivable are much longer than our traditional direct sales to carriers. The customer is making regular payments, and the Company believes that the entire accounts receivable balance as of June 30, 2023 is collectible, and that no reserve is required. Inventory consists of the following: Schedule of Inventory
|  | June 30, 2023 |  |  | December 31, 2022 |
Devices – for resale |  | $ | 4,139 |  |  | $ | 3,473 |
Raw materials |  |  | 3 |  |  |  | 14 |
Accessories |  |  | 594 |  |  |  | 423 |
Inventory , net |  | $ | 4,736 |  |  | $ | 3,910 |
SONIM TECHNOLOGIES, INC NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In thousands of U.S. dollars except share and per share amounts or as otherwise disclosed) The Company purchases raw materials in bulk to obtain a lower price. The raw materials are resold to third-party manufacturers at the Company’s cost. 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 $4 as of June 30, 2023 and December 31, 2022. Other assets consisted of the following: Schedule of Other Assets
|  | June 30, 2023 |  |  | December 31, 2022 |
Advances to third party manufacturers |  | $ | 2,000 |  |  | $ | 2,000 |
Director and officer insurance |  |  | 467 |  |  |  | 525 |
Deposits |  |  | 310 |  |  |  | 311 |
Other |  |  | 201 |  |  |  | 136 |
Total Other Assets |  | $ | 2,978 |  |  | $ | 2,972 |
Accrued Expenses consisted of the following: Schedule of Accrued Expenses
|  | June 30, 2023 |  |  | December 31, 2022 |
Customer allowances |  | $ | 5,397 |  |  | $ | 4,130 |
Employee-related liabilities |  |  | 972 |  |  |  | 1,365 |
Warranties |  |  | 507 |  |  |  | 636 |
Accrual for goods received not invoiced |  |  | 58 |  |  |  | 301 |
Contractual obligations |  |  | 1,048 |  |  |  | 1,107 |
Royalties |  |  | 364 |  |  |  | 256 |
Contract fulfillment liabilities |  |  | 541 |  |  |  | 1,469 |
Credits due to customers |  |  | 318 |  |  |  | 961 |
Legal |  |  | 104 |  |  |  | 296 |
Other |  |  | 166 |  |  |  | 171 |
Accrued liabilities, current |  | $ | 9,475 |  |  | $ | 10,692 |

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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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