Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Summary of Components of Marketable Securities

The following is a summary of the components of our marketable debt securities and the underlying fair value input level tier hierarchy (see fair value of financial instruments) (in thousands):

 

    As of September 30, 2020  
    Amortized     Unrealized     Fair  
    Cost     Losses     Value  
U.S. government obligations   $ 778     $ (3 )   $ 775  
Corporate obligations     629       (1 )     628  
    $ 1,407     $ (4 )   $ 1,403  

 

    As of December 31, 2019  
    Amortized     Unrealized     Fair  
    Cost     Losses     Value  
U.S. government obligations   $ 125     $ -     $ 125  
Corporate obligations     803       (2 )     801  
    $ 928     $ (2 )   $ 926  
Schedule of Components of Inventory

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

 

    September 30,     December 31,  
    2020     2019  
Raw materials   $ 1,514     $ 1,024  
Work in process     381       299  
Finished goods     243       136  
    $ 2,138     $ 1,459  
Schedule of Fair Value of Financial Instruments

The components of marketable debt securities are as follows (in thousands):

 

    As of September 30, 2020  
    Level 1     Level 2     Level 3     Total  
Marketable debt securities                                
U.S. government obligations   $     -     $ 775     $       -     $ 775  
Corporate obligations     -       628       -       628  
    $ -     $ 1,403     $ -     $ 1,403  

 

    As of December 31, 2019  
    Level 1     Level 2     Level 3     Total  
Marketable debt securities                                
U.S. government obligations   $        -     $ 125     $        -     $ 125  
Corporate obligations     -       801       -       801  
    $ -     $ 926     $ -     $ 926  
Schedule of Deferred Revenue

The following table disaggregates the Company’s deferred revenue expected by recognition period (in thousands):

 

    Deferred Revenue  
    September 30, 2020     December 31, 2019  
Recognition Period                
0-12 Months   $ 182     $ 104  
13-24 Months     56       49  
Over 24 Months     81       61  
Total   $ 319     $ 214  
Schedule of Disaggregation by Revenue

The following table disaggregates the Company’s revenue by revenue source for the three and nine months ended September 30, 2020 and 2019 (in thousands):

 

    For the Three Months Ended     For the Nine Months Ended  
Revenue by Customer Type   September 30, 2020     September 30, 2019     September 30, 2020     September 30, 2019  
Contract manufacturing   $ 3,630     $ 2,517     $ 8,825     $ 6,093  
Retail and others     210       249       526       642  
Total revenue   $ 3,840     $ 2,766     $ 9,351     $ 6,735