Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 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 long-lived assets below) (in thousands):

 

    As of June 30, 2020  
    Amortized     Unrealized     Fair  
    Cost     Gains     Value  
U.S. government obligations   $ 2,603     $         3     $ 2,606  
Corporate obligations     732       1       733  
    $ 3,335     $ 4     $ 3,339  

 

    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):

 

    June 30, 2020     December 31, 2019  
Raw materials   $ 1,384     $ 1,024  
Work in process     350       299  
Finished goods     313       136  
    $ 2,047     $ 1,459  
Schedule of Fair Value of Financial Instruments

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

 

    As of June 30, 2020  
    Level 1     Level 2     Level 3     Total  
Marketable debt securities                                
U.S. government obligations     -     $ 2,606       -     $ 2,606  
Corporate obligations     -       733       -       733  
    $ -     $ 3,339     $ -     $ 3,339  

 

    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  
    June 30, 2020     December 31, 2019  
Recognition Period                
0-12 Months   $ 135     $      104  
13-24 Months     32       49  
Over 24 Months     54       61  
Total   $ 221     $ 214  
Schedule of Disaggregation by Revenue

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

 

    For the Three Months Ended     For the Six Months Ended  
Revenue by Customer Type   June 30, 2020     June 30, 2019     June 30, 2020     June 30, 2019  
Contract manufacturing   $ 3,472     $ 1,452     $ 5,195     $ 3,576  
Retail and others     151       199       316       393  
Total revenue   $ 3,623     $ 1,651     $ 5,511     $ 3,969