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, 2020

Balance Sheet Components

Balance Sheet Components

3.Balance Sheet Components

Inventories (in thousands):


	December 31,		December 31,
	2020		2019

Raw materials	$	1,872	$	1,040
Work in progress		283		260
Finished goods		553		1,366

Total inventories	$	2,708	$	2,666

Property and equipment, net (in thousands):


	December 31,		December 31,
	2020		2019

Machinery and equipment	$	866	$	771
Tooling		11		11
Computer software		89		89
Furniture and fixtures		15		15
Leasehold improvements		40		11
		1,021		897
Less: Accumulated depreciation and amortization		(879)		(813)

Property and equipment, net	$	142	$	84

Depreciation and amortization expense for the years ended December 31, 2020 and 2019 was $66,000 and $58,000, 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, 2020 were $72,000 and $8,000, respectively.

Accrued liabilities (in thousands):


	December 31,		December 31,
	2020		2019

Accrued vacation	$	328	$	263
Accrued compensation		84		38
Customer advances		373		451
Accrued audit fees		161		140
Accrued rebate		326		204
Accrued other		161		50

Total accrued liabilities	$	1,433	$	1,146