WiSA Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Balance Sheet Components

Balance Sheet Components

12 Months Ended

Dec. 31, 2023

3.	Balance Sheet Components

Inventories (in thousands):


	December 31,
	2023		2022

Raw materials	$	621	$	3,043
Work in progress		—		13
Finished goods		2,116		4,014
Total inventories	$	2,737	$	7,070

Property and equipment, net (in thousands):


	December 31,
	2023		2022

Machinery and equipment	$	741	$	691
Leasehold improvements		—		127
Tooling		11		11
		752		829
Less: Accumulated depreciation and amortization		(659)		(655)
Property and equipment, net	$	93	$	174

3.	Balance Sheet Components, continued

Depreciation and amortization expense for the years ended December 31, 2023 and 2022 was $98,000 and $122,000, respectively. The cost and accumulated depreciation of assets acquired under finance lease included in machinery and equipment in the above table as of December 31, 2023 was $72,000 and $72,000, respectively. The cost and accumulated depreciation of assets acquired under capital lease included in machinery and equipment in the above table as of December 31, 2022 was $72,000 and $56,000, respectively.

Accrued liabilities (in thousands):


	December 31,
	2023		2022

Accrued vacation	$	418	$	422
Accrued rebate		215		215
Accrued audit fees		211		179
Accrued compensation		127		136
Customer advance		19		44
Accrued other		327		424
Accrued legal fees		—		43
Accrued lease liability, current portion		—		169
Total accrued liabilities	$	1,317	$	1,632