Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
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):

 

    As of December 31, 2020  
    Amortized     Unrealized     Fair  
    Cost     Losses     Value  
U.S. government obligations   $ 1,021     $ (7 )   $ 1,014  
Corporate obligations     629       (4 )     625  
    $ 1,650     $ (11 )   $ 1,639  

 

    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):

 

    December 31,     December 31,  
    2020     2019  
Raw materials   $ 3,460     $ 1,024  
Work in process     437       299  
Finished goods     170       136  
    $ 4,067     $ 1,459  
Schedule of Fair Value of Financial Instruments

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

 

    As of December 31, 2020  
    Level 1     Level 2     Level 3     Total  
Marketable debt securities                                
U.S. government obligations   $ -     $ 1,014     $ -     $ 1,014  
Corporate obligations     -       625       -       625  
    $ -     $ 1,639     $ -     $ 1,639  

 

    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 by recognition period (in thousands):

 

    Deferred Revenue  
Recognition Period        
0-12 Months   $ 169  
13-24 Months     84  
Over 24 Months     78  
Total   $ 331  

Schedule of Disaggregation by Revenue

The following table disaggregates the Company’s revenue by revenue source for Fiscal 2020 and 2019 (in thousands):

 

    For the Years Ended  
Revenue by Customer Type   December 31, 2020     December 31, 2019  
Contract manufacturing   $ 12,252     $ 8,974  
Retail and others     985       902  
Diagnostic services     1,277       -  
Total revenue   $ 14,514     $ 9,876