Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2021 |
Dec. 31, 2020 |
| Accounting Policies [Abstract] |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2021 |
|
2020 |
|
(In thousands) |
| Computers and software |
$ |
839 |
|
|
$ |
510 |
|
| R&D lab equipment |
609 |
|
|
469 |
|
| Furniture and fixtures |
69 |
|
|
40 |
|
| Leasehold improvements |
1,931 |
|
|
1,828 |
|
| Total property, plant and equipment |
3,448 |
|
|
2,847 |
|
| Less accumulated depreciation and amortization |
(2,229) |
|
|
(1,841) |
|
| Property, plant and equipment, net |
$ |
1,219 |
|
|
$ |
1,006 |
|
|
Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets, as follows:
|
|
|
|
|
|
|
Estimated Useful Life |
| Equipment on lease |
5 years |
| Computers and software |
3 years |
| R&D lab equipment |
5 years |
| Furniture and fixtures |
5 years |
| Leasehold improvements |
Shorter of the remaining lease term or useful life of 5 years |
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2020 |
|
2019 |
|
(In thousands) |
| Computers and software |
$ |
510 |
|
|
$ |
883 |
|
| R&D lab equipment |
469 |
|
|
914 |
|
| Furniture and fixtures |
40 |
|
|
101 |
|
| Leasehold improvements |
1,828 |
|
|
1,387 |
|
| Total property and equipment |
2,847 |
|
|
3,285 |
|
| Less accumulated depreciation |
(1,841) |
|
|
(1,829) |
|
| Property and equipment, net |
$ |
1,006 |
|
|
$ |
1,456 |
|
|
| Revenue by Geographic Area |
Revenue by geographic area based on the billing address of the customers were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, |
|
2021 |
|
2020 |
|
(In thousands) |
| United States |
$ |
8,246 |
|
|
$ |
8,631 |
|
| Other |
72 |
|
|
1,329 |
|
| Total |
$ |
8,318 |
|
|
$ |
9,960 |
|
|
Revenue by geographic area based on the billing address of the customers were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
2020 |
|
2019 |
|
(In thousands) |
| United States |
$ |
13,046 |
|
|
$ |
15,223 |
|
| East Asia/Oceania |
5,929 |
|
|
— |
|
| Total |
$ |
18,975 |
|
|
$ |
15,223 |
|
|
| Disaggregation of Revenue |
The following table summarizes revenue disaggregated by products and service type:
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, |
|
2021 |
|
2020 |
|
(In thousands) |
| 3D Printers |
$ |
6,313 |
|
|
$ |
9,300 |
|
| Recurring Payment (defined below) |
635 |
|
|
— |
|
| Support services |
1,370 |
|
|
660 |
|
| Total |
$ |
8,318 |
|
|
$ |
9,960 |
|
|
The following table summarizes revenue disaggregated by products and service type:
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
2020 |
|
2019 |
|
(In thousands) |
| 3D Printers |
$ |
16,965 |
|
|
$ |
14,589 |
|
| Recurring Payment (defined below) |
350 |
|
|
— |
|
| Support Services |
1,660 |
|
|
634 |
|
| Total |
$ |
18,975 |
|
|
$ |
15,223 |
|
|
| Schedules of Concentration of Risk |
The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
Accounts Receivable, Net |
|
Six months ended June 30, |
|
June 30 |
|
December 31 |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
(as a percentage) |
|
(as a percentage) |
| Customer 1 |
21.1 |
% |
|
16.3 |
% |
|
31.6 |
% |
|
— |
% |
| Customer 2 |
18.2 |
% |
|
— |
% |
|
41.0 |
% |
|
— |
% |
| Customer 3 |
16.8 |
% |
|
13.2 |
% |
|
<10 |
% |
|
<10 |
% |
| Customer 4 |
16.3 |
% |
|
67.8 |
% |
|
<10 |
% |
|
85.6 |
% |
| Customer 5 |
14.5 |
% |
|
— |
% |
|
— |
% |
|
— |
% |
|
|
| Schedule of Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2021 |
|
December 31, 2020 |
|
(In thousands) |
| Cash and cash equivalents |
$ |
11,948 |
|
|
$ |
15,517 |
|
| Restricted cash (Other assets) |
1,200 |
|
|
— |
|
| Total cash and cash equivalents, and restricted cash |
$ |
13,148 |
|
|
$ |
15,517 |
|
|
|
| Restrictions on Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2021 |
|
December 31, 2020 |
|
(In thousands) |
| Cash and cash equivalents |
$ |
11,948 |
|
|
$ |
15,517 |
|
| Restricted cash (Other assets) |
1,200 |
|
|
— |
|
| Total cash and cash equivalents, and restricted cash |
$ |
13,148 |
|
|
$ |
15,517 |
|
|
|