Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Summary of Components of Marketable Securities

The following is a summary of the components of our marketable securities and the underlying fair value input level tier hierarchy (see long-lived assets below) (in thousands):

 

    December 31, 2017     June 30, 2018  
    Amortized     Unrealized     Unrealized     Market     Amortized     Unrealized     Unrealized     Market  
    Cost     Gains     Losses     Value     Cost     Gains     Losses     Value  
U.S. treasuries   $ 1,744              -                 -       1,744       929               -             -       929  
Corporate bonds     16,943       -       (78 )     17,021       5,900               (53 )     5,847  
    $ 18,687     $ -     $ (78 )   $ 18,765     $ 6,829     $ -     $ (53   $ 6,776  

Components of Inventory

The components of inventory are as follows (in thousands):

 

    June 30, 2018     December 31, 2017  
Raw materials   $ 1,383     $ 1,269  
Work in process     466       245  
Finished goods     537       17  
    $ 2,386     $ 1,531  

Schedule of Fair Value of Financial Instruments

We account for our marketable securities at fair value pursuant to Accounting Standards Codification, or ASC, 820-10, with the net unrealized gains or losses reported as a component of accumulated other comprehensive income or loss.

 

    As of June 30, 2018  
    Level 1     Level 2     Level 3     Total  
Marketable securities                                
U.S. government obligations   $ -     $ 929     $ -     $ 929  
Corporate obligations     -       5,847       -       5,847  
    $ -     $ 6,776     $ -     $ 6,776  

Schedule of Disaggregates by Revenue

The following table disaggregates the Company’s revenue by revenue source for the three and six months ended June 30, 2018 (in thousands):

 

    Three months ended     Six months ended  
Revenue by Customer Type   June 30, 2018     June 30, 2018  
Contract manufacturing   $ 3,106     $ 6,440  
Retail     80       154  
Total Revenue   $ 3,186     $ 6,594