Quarterly report pursuant to Section 13 or 15(d)

Business and Summary of Significant Accounting Policies (Tables)

v3.22.1
Business and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Business and Summary of Significant Accounting Policies  
Summary of Net Revenue

    

For the Three Months Ended March 31,

(in thousands)

2022

2021

Components

$

301

$

990

Consumer Audio Products

 

265

 

163

Total

$

566

$

1,153

Summary of contract liabilities

March 31, 

December 31, 

    

2022

    

2021

Contract liabilities

$

265

$

Schedule of changes made to our consolidated January 1, 2022 balance sheet for the adoption of the new lease standard

The effect of the changes made to our consolidated January 1, 2022 balance sheet for the adoption of the new lease standard was as follows (in thousands):

    

Balance as of

    

Adjustments

    

Balance as of

December 31, 2021

Due to ASC 842

January 1, 2022

Operating lease right-of-use assets

$

$

212

$

212

Property and equipment, net

162

90

252

Total assets

$

19,391

$

302

$

19,693

Operating lease liabilities, current

$

$

148

$

148

Operating lease liabilities, non-current

$

$

179

$

179

Deferred rent and lease incentive

$

58

$

(58)

$

Total liabilities

$

3,014

$

269

$

3,283

Accumulated deficit

$

(212,203)

$

33

$

(212,170)

Total stockholders’ equity

$

16,377

$

33

$

16,410

Total liabilities and stockholders’ equity

$

19,391

$

302

$

19,693