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Business Description, Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Description, Basis of Presentation and Significant Accounting Policies |
Schedule of allowance for doubtful accounts activity |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Balance at beginning of the year |  | $ | 326 |  |  | $ | 506 |
Allowance increase (decrease) |  |  | — |  |  |  | (180 | )
Write offs, net of recoveries |  |  | — |  |  |  | — |
Balance at end of the year |  | $ | 326 |  |  | $ | 326 |
Schedule of deferred revenue and associated cost of goods sold and gross profit |
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
Deferred revenue |  | $ | 63 |  |  | $ | 54 |
Deferred cost of goods sold |  |  | — |  |  |  | — |
Deferred gross profit |  | $ | 63 |  |  | $ | 54 |
Schedule of disaggregates the Company’s revenue into primary product groups and major regions |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Audio Conferencing |  | $ | 11,829 |  |  | $ | 11,568 |
Microphones |  |  | 9,824 |  |  |  | 10,963 |
Video products |  |  | 3,552 |  |  |  | 6,436 |
|  | $ | 25,205 |  |  | $ | 28,967 |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
North and South America |  | $ | 12,297 |  |  | $ | 14,042 |
Asia (including Middle East) and Australia |  |  | 7,828 |  |  |  | 8,197 |
Europe and Africa |  |  | 5,080 |  |  |  | 6,728 |
|  | $ | 25,205 |  |  | $ | 28,967 |
Schedule of changes in the warranty accrual |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Balance at the beginning of year |  | $ | 194 |  |  | $ | 194 |
Accruals/additions |  |  | — |  |  |  | — |
Usage/claims |  |  | — |  |  |  | — |
Balance at end of year |  | $ | 194 |  |  | $ | 194 |
Advertising – The Company expenses advertising costs as incurred. Advertising costs consist of trade shows, magazine advertisements, and other forms of media. Advertising expenses for t he years ended December 31, 2022 and 2021 totaled $572 and $508, respectively, and are included in sales and marketing on the consolidated statements of operations and comprehensive income (loss). Income Taxes – The Company uses the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carry-forwards. These temporary differences will result in deductible or taxable amounts in future years when the reported amounts of the assets or liabilities are recovered or settled. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not that some or all of the deferred tax assets may not be realized. On a quarterly basis, the Company tests the value of deferred tax assets for impairment at the taxpaying-component level within each tax jurisdiction. Significant judgment and estimates are required in determining whether valuation allowances should be established as well as the amount of such allowances.
Schedule of the computation of basic and diluted loss per common share |
|  | Year Ended December 31, |  |
|  | 2022 |  |  | 2021 |  |
Numerator: |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 20,556 |  |  | $ | (7,694 | ) |
Interest adjustment under if-converted method |  |  | 285 |  |  |  | — |  |
|  |  | 20,841 |  |  |  | (7,694 | ) |
Denominator: |  |  |  |  |  |  |  |  |
Basic weighted average shares |  |  | 23,937,962 |  |  |  | 19,859,817 |  |
Dilutive common stock equivalents using if-converted method |  |  | 909,953 |  |  |  | — |  |
Diluted weighted average shares |  |  | 25,189,147 |  |  |  | 19,859,817 |  |
Basic income (loss) per common share: |  | $ | 0.86 |  |  | $ | (0.39 | ) |
Diluted income (loss) per common share: |  | $ | 0.83 |  |  | $ | (0.39 | ) |
Weighted average options, warrants and convertible portion of senior convertible notes outstanding |  |  | 6,788,671 |  |  |  | 4,654,601 |  |
Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation |  |  | 5,510,600 |  |  |  | 4,654,601 |  |

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