Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 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 long-lived assets below) (in thousands):

 

    As of March 31, 2020  
    Amortized     Unrealized     Fair  
    Cost     Gains     Value  
U.S. government obligations   $ 829     $ 11     $ 840  
                         

 

    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):

 

    March 31,     December 31,  
    2020     2019  
Raw materials   $ 993     $ 1,024  
Work in process     463       299  
Finished goods     247       136  
    $ 1,703     $ 1,459  

Schedule of Fair Value of Financial Instruments

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

 

    As of March 31, 2020  
    Level 1     Level 2     Level 3     Total  
Marketable debt securities                                
U.S. government obligations   $ -     $ 840     $ -     $ 840  

 

    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  
    March 31, 2020     December 31, 2019  
Recognition Period                
0-12 Months   $ 93     $ 104  
13-24 Months     33       49  
Over 24 Months     79       61  
Total   $ 205     $ 214  

Schedule of Disaggregation by Revenue

The following table disaggregates the Company’s revenue by revenue source for the three months ended March 31, 2020 and 2019 (in thousands):

 

    For the Three Months Ended  
Revenue by Customer Type   March 31, 2020     March 31, 2019  
Contract manufacturing   $ 1,723     $ 2,124  
Retail and others     165       194  
Total revenue   $ 1,888     $ 2,318