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

6 Months Ended

Jun. 30, 2022

Balance Sheet Components

Balance Sheet Components

3. Balance Sheet Components

Inventories (in thousands):


	June 30,		December 31,
	2022		2021

Raw materials	$	1,993	$	2,057
Work in progress		415		1,403
Finished goods		3,840		1,320
Total inventories	$	6,248	$	4,780

Property and equipment, net (in thousands):


	June 30,		December 31,
	2022		2021
Machinery and equipment	$	983	$	965
Tooling		11		11
Computer software		89		89
Furniture and fixtures		15		15
Leasehold improvements		127		40
		1,225		1,120
Less: Accumulated depreciation and amortization		(1,005)		(958)
Property and equipment, net	$	220	$	162

Depreciation and amortization expense for the three months ended June 30, 2022 and 2021 was $31,000 and $20,000, respectively. Depreciation and amortization expense for the six months ended June 30, 2022 and 2021 was $60,000 and $39,000, respectively.

The cost and accumulated depreciation of assets acquired under finance lease included in machinery and equipment in the above table as of June 30, 2022 were $72,000 and $44,000 respectively.

3. Balance Sheet Components, continued

Accrued liabilities (in thousands):


	June 30,		December 31,
	2022		2021
Customer advances	$	442	$	—
Accrued vacation		427		385
Accrued rebate		189		356
Lease liability		144		—
Accrued compensation		112		231
Accrued audit fees		109		191
Accrued other		93		253
Total accrued liabilities	$	1,516	$	1,416