WiSA Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components

Balance Sheet Components

3 Months Ended

Mar. 31, 2021

Balance Sheet Components

Balance Sheet Components

3. Balance Sheet Components

Inventories (in thousands):


	March 31,		December 31,
	2021		2020

Raw materials	$	1,760	$	1,872
Work in progress		223		283
Finished goods		1,313		553
Total inventories	$	3,296	$	2,708

Property and equipment, net (in thousands):


	March 31,		December 31,
	2022		2021

Machinery and equipment	$	892	$	866
Tooling		11		11
Computer software		89		89
Furniture and fixtures		15		15
Leasehold improvements		40		40
		1,047		1,021
Less: Accumulated depreciation and amortization		(898)		(879)
Property and equipment, net	$	149	$	142

Depreciation and amortization expense for the three months ended March 31, 2021 and 2020 was $19,000 and $14,000, respectively. The cost and accumulated depreciation of assets acquired under capital lease included in machinery and equipment in the above table as of March 31 ,2021 were $72,000 and $14,000, respectively.

Accrued liabilities (in thousands):


	March 31,		December 31,
	2022		2021

Accrued vacation	$	338	$	328
Accrued compensation		208		84
Customer advances		715		373
Accrued audit fees		107		161
Accrued rebate		201		326
Accrued other		194		161
Total accrued liabilities	$	1,763	$	1,433