ClearOne (CLRO) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Cover [Abstract]
Entity Registrant Name	CLEARONE INC
Entity Central Index Key	0000840715
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		23,969,148
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.001
Trading Symbol	CLRO
Security Exchange Name	NASDAQ
Entity File Number	001-33660
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5225 Wiley Post Way, Suite 500
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84116
Entity Tax Identification Number	87-0398877
City Area Code	(801)
Local Phone Number	975-7200
Document Quarterly Report	true
Document Transition Report	false

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,450	$ 17,835
Current marketable securities	1,852	3,480
Patent cross license receivable	0	4,000
Receivables, net of allowance of $326	2,574	3,279
Inventories, net	14,599	10,625
Income tax receivable	27	36
Prepaid expenses and other assets	3,855	4,062
Total current assets	25,357	43,317
Long-term marketable securities	621	916
Long-term inventories, net	1,772	3,143
Property and equipment, net	552	530
Operating lease - right of use assets, net	804	990
Intangibles, net	1,582	1,689
Other assets	108	109
Total assets	30,796	50,694
Current liabilities:
Accounts payable	1,901	1,945
Accrued liabilities	1,726	2,290
Deferred product revenue	23	30
Total current liabilities	3,650	4,265
Operating lease liability, net of current	515	665
Other long-term liabilities	1,079	1,079
Total liabilities	5,244	6,009
Shareholders' equity:
Common stock, par value $0.001, 50,000,000 shares authorized, 23,969,148 and 23,969,148 shares issued and outstanding, respectively	24	24
Additional paid-in capital	31,616	46,047
Accumulated other comprehensive loss	(294)	(310)
Accumulated deficit	(5,794)	(1,076)
Total shareholders' equity	25,552	44,685
Total liabilities and shareholders' equity	$ 30,796	$ 50,694

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 326	$ 326
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	23,969,148	23,969,148
Common stock, shares outstanding (in shares)	23,969,148	23,969,148

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 2,304	$ 5,483	$ 5,926	$ 9,661
Cost of goods sold	2,324	3,635	4,795	6,498
Gross profit	(20)	1,848	1,131	3,163
Operating expenses:
Sales and marketing	1,191	1,323	2,503	2,515
Research and product development	868	873	1,762	1,916
General and administrative	845	1,007	1,868	2,276
Total operating expenses	2,904	3,203	6,133	6,707
Operating loss	(2,924)	(1,355)	(5,002)	(3,544)
Interest expense	0	(91)	0	(383)
Other income, net	119	437	297	2,103
Loss before income taxes	(2,805)	(1,009)	(4,705)	(1,824)
Provision (benefit) for income taxes	15	10	13	27
Net loss	$ (2,820)	$ (1,019)	$ (4,718)	$ (1,851)
Basic weighted average shares outstanding (in shares)	23,969,148	23,955,802	23,969,148	23,955,785
Diluted weighted average shares outstanding (in shares)	23,969,148	23,955,802	23,969,148	23,955,785
Basic loss per share (in dollars per share)	$ (0.12)	$ (0.04)	$ (0.2)	$ (0.08)
Diluted loss per share (in dollars per share)	$ (0.12)	$ (0.04)	$ (0.2)	$ (0.08)
Comprehensive loss:
Net loss	$ (2,820)	$ (1,019)	$ (4,718)	$ (1,851)
Unrealized gain on available-for-sale securities, net of tax	(3)	14	19	14
Change in foreign currency translation adjustment	(1)	(1)	(3)	4
Comprehensive loss	$ (2,824)	$ (1,006)	$ (4,702)	$ (1,833)

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (4,718)	$ (1,851)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization expense	273	449
Amortization of right-of-use assets	186	217
Share-based compensation expense	52	47
Change of inventory to net realizable value	98	103
Gain on disposal of assets and sale of marketable securities	(71)	0
Changes in operating assets and liabilities:
Receivables	4,705	(629)
Legal settlement receivable	0	55,000
Inventories	(2,701)	657
Prepaid expenses and other assets	206	3,536
Accounts payable	(43)	1,151
Accrued liabilities	(511)	(204)
Income taxes receivable	9	(5,310)
Deferred product revenue	(7)	(11)
Operating lease liabilities	(200)	(235)
Net cash provided by operating activities	(2,722)	52,920
Cash flows from investing activities:
Purchase of property and equipment	(135)	(326)
Purchase of intangibles	(53)	(79)
Proceeds from maturities and sales of marketable securities	5,372	2,344
Purchases of marketable securities	(3,358)	(9,332)
Net cash provided by (used in) investing activities	1,826	(7,393)
Cash flows from financing activities:
Dividend payment	(14,490)	(28,979)
Net proceeds from equity-based compensation programs	7	1
Principal payments of debt	0	(2,450)
Net cash provided by (used in) financing activities	(14,483)	(31,428)
Effect of exchange rate changes on cash and cash equivalents	(6)	3
Net increase in cash and cash equivalents	(15,385)	14,102
Cash and cash equivalents at the beginning of the period	17,835	984
Cash and cash equivalents at the end of the period	2,450	15,086
The following is a summary of supplemental cash flow activities:
Cash (refund)/paid for income taxes	0	6,631
Cash paid for interest	$ 0	$ 273

Business Description, Basis of

Business Description, Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Business Description, Basis of Presentation and Significant Accounting Policies
Business Description, Basis of Presentation and Significant Accounting Policies	1 Business Description: ClearOne, Inc., together with its subsidiaries (collectively, “ClearOne” or the “Company”), is a global market leader enabling conferencing, collaboration, and AV streaming solutions for voice and visual communications. The performance and simplicity of our advanced, comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. Basis of Presentation: The fiscal year for ClearOne is the twelve These accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and are not audited. Certain information and footnote disclosures that are usually included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been either condensed or omitted in accordance with SEC rules and regulations. The accompanying condensed consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of our financial position as of June 30, 2024 December 31, 2023 three and six June 30, 2024 2023 six months ended June 30, 2024 2023 three and six June 30, 2024 2023 are not necessarily indicative of the results for a full-year period. These interim unaudited condensed consolidated financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC. Significant Accounting Policies: The significant accounting policies were described in Note 1 December 31, 2023 June 30, 2024 Recent accounting pronouncements: In December 2023, the FASB issued ASU 2023 09 740 5 5 guidance is effective for annual periods beginning after December 15, 2024. The Company will adopt this guidance in fiscal 2025 The Company has determined that recently issued accounting standards, other than the above discussed, material impact on its consolidated financial position, results of operations or cash flows. Liquidity: As of June 30, 2024 as of December 31, 2023 $ 21,707 as of June 30, 2024 for the six months ended June 30, 2024 a decrease of $55,642 six months ended June 30, 2023 continuing as a going concern he Company believes, although there can be no assurance, that the current cash position and effective management of working capital, will provide the liquidity needed to meet our operating needs through at least August 14, 2025 If the Company needs additional capital and is unable to secure financing, it may be required to further reduce expenses, or delay product development and enhancement.

Revenue Information

Revenue Information	6 Months Ended
	Jun. 30, 2024
Revenue Information
Revenue Information	2. Revenue Information The following table disaggregates the Company’s revenue into primary product groups: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Audio conferencing $ 905 $ 2,289 $ 2,429 $ 4,618 Microphones 1,043 2,688 2,614 3,883 Video products 356 506 883 1,160 $ 2,304 $ 5,483 $ 5,926 $ 9,661 The following table disaggregates the Company’s revenue into major regions: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 North and South America $ 1,210 $ 3,384 $ 2,304 $ 4,954 Asia Pacific (includes Middle East, India and Australia) 841 1,672 2,842 3,368 Europe and Africa 253 427 780 1,339 $ 2,304 $ 5,483 $ 5,926 $ 9,661

Loss Per Share

Loss Per Share	6 Months Ended
	Jun. 30, 2024
Loss Per Share
Loss Per Share	3 Loss per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common stock outstanding during the period. Stock options, warrants and the convertible portion of senior convertible notes are considered to be potential common stock. The computation of diluted loss per share does not assume exercise or conversion of securities that would have an anti-dilutive effect. Basic loss per common share is the amount of net loss for the period available to each weighted-average share of common stock outstanding during the reporting period. Diluted loss per common share is the amount of loss for the period available to each weighted-average share of common stock outstanding during the reporting period and to each share of potential common stock outstanding during the period, unless inclusion of potential common stock would have an anti-dilutive effect. The following table sets forth the computation of basic and diluted loss per common share: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ (2,820 ) $ (1,019 ) $ (4,718 ) $ (1,851 ) Denominator: Basic weighted average shares outstanding 23,969,148 23,955,802 23,969,148 23,955,785 Dilutive common stock equivalents using treasury stock method — — — — Diluted weighted average shares outstanding 23,969,148 23,955,802 23,969,148 23,955,785 Basic loss per common share $ (0.12 ) $ (0.04 ) $ (0.20 ) $ (0.08 ) Diluted loss per common share $ (0.12 ) $ (0.04 ) $ (0.20 ) $ (0.08 ) Weighted average options, warrants and convertible portion of senior convertible notes outstanding 6,420,553 6,287,019 6,420,553 6,327,495 Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation 6,420,553 6,287,019 6,420,553 6,327,495

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	4 The Company has classified its marketable securities as available-for-sale securities. These securities are carried at estimated fair value with unrealized holding gains and losses included in accumulated other comprehensive loss in stockholders’ equity until realized. Gains and losses on marketable security transactions are reported on the specific-identification method. Dividend and interest income are recognized when earned. The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of securities as of June 30, 2024 December 31, 2023 Amortized cost Gross unrealized holding gains Gross unrealized holding losses Estimated fair value June 30, 2024 Available-for-sale securities: US Treasury securities $ 505 $ — $ — $ 505 Mutual funds 1,545 6 (1 ) 1,550 Certificates of deposit 418 — — 418 Corporate debt securities $ — $ — $ — $ — Total available-for-sale securities $ 2,468 $ 6 $ (1 ) $ 2,473 Amortized cost Gross unrealized holding gains Gross unrealized holding losses Estimated fair value December 31, 2023 Available-for-sale securities: US Treasury securities $ 1,804 $ — $ (1 ) $ 1,803 Mutual funds 1,498 7 — 1,505 Certificates of deposit 103 — — 103 Corporate debt securities $ 1,007 $ — $ (22 ) $ 985 Total available-for-sale securities $ 4,412 $ 7 $ (23 ) $ 4,396 Amortized cost Estimated fair value Due within one $ 1,847 $ 1,852 Due after one five 622 621 Due after five — — Total available-for-sale securities $ 2,469 $ 2,473 Debt securities in an unrealized loss position as of June 30, 2024 12 12 Less than 12 More than 12 Total Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses As of June 30, 2024 US Treasury securities $ 505 $ — $ — $ — $ 505 $ — Mutual Funds 1,550 (1 ) — — 1,550 (1 ) Certificates of Deposit 418 — — — 418 — Corporate debt securities — — — — — — Total $ 2,473 $ (1 ) $ — $ — $ 2,473 $ (1 ) Less than 12 More than 12 Total Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses As of December 31, 2023 US Treasury securities $ 1,803 $ (1 ) $ — $ — $ 1,803 $ (1 ) Mutual Funds 1,505 — — — 1,505 — Certificates of Deposit 103 — — — 103 — Corporate debt securities 985 (22 ) — — 985 (22 ) Total $ 4,396 $ (23 ) $ — $ — $ 4,396 $ (23 )

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Intangible Assets
Intangible Assets	5 Intangible assets as of June 30, 2024 December 31, 2023 Estimated useful lives (years) June 30, 2024 December 31, 2023 Tradename 5 to 7 $ 555 $ 555 Patents and technological know-how 10 to 20 7,240 7,187 Proprietary software 3 to 15 2,981 2,981 Other 3 to 5 323 324 Total intangible assets 11,099 11,047 Accumulated amortization (9,517 ) (9,358 ) Total intangible assets, net $ 1,582 $ 1,689 The amortization of intangible assets for three and six months ended June 30, 2024 2023 was as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Amortization of intangible assets $ 50 $ 129 $ 160 $ 247 The estimated future amortization expense of intangible assets is as follows: Years ending December 31, Amount 2024 $ 99 2025 198 2026 198 2027 68 2028 23 Thereafter 996 Total $ 1,582

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventories
Inventories	6 Inventories, net of reserves, as of June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Current: Raw materials $ 2,971 $ 2,086 Finished goods 11,628 8,539 $ 14,599 $ 10,625 Long-term: Raw materials $ 997 $ 1,789 Finished goods 775 1,354 $ 1,772 $ 3,143 Long-term inventory represents inventory held in excess of our current (next 12 Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory for three six June 30, 2024 and 2023 was as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net loss (gain) incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory $ (95) $ 80 $ 98 $ 103

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases
Leases	7 Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. Rent expense for three and six months ended June 30, 2024 and 2023 was as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Rent expense $ 118 $ 110 $ 227 $ 259 The Company occup ies a 1,350 square-foot facility in Gainesville, Florida under the terms of an operating lease expiring in F 2028 . The Gainesville facility is used primarily to support the Company's research and development activities. The Company 9,402 The facility supports the Company's The Company occupies a 6,175 s the Company's The Company occupies a 40,000 Supplemental cash flow information related to leases was as follows: Six months ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ (232 ) $ (264 ) Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 341 Supplemental balance sheet information related to leases was as follows: June 30, 2024 December 31, 2023 Operating lease right-of-use assets $ 804 $ 990 Current portion of operating lease liabilities, included in accrued liabilities $ 333 $ 383 Operating lease liabilities, net of current portion 515 665 Total operating lease liabilities $ 848 $ 1,048 Weighted average remaining lease term for operating leases (in years) 3.13 3.39 Weighted average discount rate for operating leases 6.59 % 6.47 % The following represents maturities of operating lease liabilities as of June 30, 2024 Years ending December 31, 2024 $ 208 2025 272 2026 210 2027 216 2028 37 Thereafter — Total lease payments 943 Less: Imputed interest 95 Total $ 848

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2024
Shareholders' Equity
Shareholders' Equity	8 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Common stock and additional paid-in capital Balance, beginning of period $ 31,608 $ 74,957 $ 46,071 $ 74,934 Dividends declared — (28,979 ) (14,496 ) (28,979 ) Share-based compensation expense 39 25 65 47 Proceeds from employee stock purchase plan (7 ) — — 1 Balance, end of period $ 31,640 $ 46,003 $ 31,640 $ 46,003 Accumulated other comprehensive loss Balance, beginning of period $ (290 ) $ (283 ) $ (310 ) $ (288 ) Unrealized loss on available-for-sale securities, net of tax (3 ) 14 19 14 Foreign currency translation adjustment (1 ) (1 ) (3 ) 4 Balance, end of period $ (294 ) $ (270 ) $ (294 ) $ (270 ) Accumulated deficit Balance, beginning of period $ (2,972 ) $ (1,348 ) $ (1,076 ) $ (516 ) Net loss (2,822 ) (1,019 ) (4,718 ) (1,851 ) Balance, end of period $ (5,794 ) $ (2,367 ) $ (5,794 ) $ (2,367 ) Total shareholders' equity $ 25,552 $ 43,366 $ 25,552 $ 43,366 Issue of Common Stock a nd Warrants On September 12, 2021, the Company entered into a securities purchase agreement with certain purchasers named therein, pursuant to which the Company issued 3,623,189 shares of the Company's common stock, par value $0.001 per share at an offering price of $2.76 per share. The Company received gross proceeds of approximately $10,000 and net proceeds of $9,288 after deducting placement agent fees and related offering expenses. In a concurring private placement the Company also issued to the same purchasers warrants exercisable for an aggregate of 3,623,189 shares of common stock at an exercise price of $2.76 per share. Each warrant became immediately exercisable and will expire on March 15, 2027. On January 4, 2022, the Company entered into a Securities Purchase Agreement with Edward D. Bagley, an affiliate of the Company, pursuant to which the Company agreed to issue and sell, in a private placement 1,538,461 shares (the “Shares”) of the Compan y’s common stock, par value $ 0.001 per share, at a purchase price of $ 1.30 per share of Common Stock. The consideration for the Shares is the cancellation and termination of Mr. outstanding bridge loan to the Company in the principal amount of $ 2,000 originally issued on July 2, 2021 and amended and restated on September 11, 2021. Mr. Bagley is an affiliate of the Company and the Company’s single largest stockholder.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Compensation
Share-Based Compensation	9 . Share-based Compensation The Company uses judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, and the expected dividends of the awards. The Company uses the Black-Scholes option pricing model to determine the fair value of share-based payments granted under the guidelines of ASC Topic 718 . A summary of the stock option activity under the Company’s plans for the six months ended June 30, 2024 , is as follows: Number of shares Weighted average exercise price Options outstanding at beginning of year 607,810 $ 5.03 Granted — — Less: Exercised — — Forfeited prior to vesting (20,000 ) — Canceled or expired (107,500 ) — Options outstanding at June 30, 2024 480,310 4.52 Options exercisable at end of June 30, 2024 — $ — As of June 30, 2024 , the total remaining unrecognized compensation cost related to non-vested stock options, net of forfeitures, was approximately $97, which will be recognized over a weighted average period of 2.21 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Cost of goods sold $ 2 $ 1 $ 3 $ 3 Sales and marketing 2 2 4 4 Research and product development 12 11 25 20 General and administrative 6 10 16 20 $ 22 $ 24 $ 48 $ 47

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes
Income Taxes	10 The Company recorded a full valuation allowance against U.S Federal and State deferred tax assets, which results in no income tax benefit for losses in these jurisdictions. The full domestic valuation allowance was recorded as management concluded that it is more likely than not that these deferred tax assets are not realizable due to the Company's recent pre-tax losses and other sources of negative evidence. Provision for income taxes for the six months ended June 30, 2024 The Company had approximately $1,079 of uncertain tax positions as of June 30, 2024

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Measurements
Fair Value Measurements	11 The fair value of the Company’s financial instruments reflects the amounts that the Company estimates it will receive in connection with the sale of an asset or pay in connection with the transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). The fair value hierarchy prioritizes the use of inputs used in valuation techniques into the following three levels: Level 1 - Quoted prices in active markets for identical assets and liabilities. Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. This category generally includes U.S. Government and agency securities; municipal securities; mutual funds and securities sold and not yet settled. Level 3 - Unobservable inputs. The Company’s financial instruments are valued using observable inputs. The following table sets forth the fair value of the financial instruments re-measured by the Company as of June 30, 2024 Level 1 Level 2 Level 3 Total June 30, 2024 Mutual funds $ 1,550 $ — $ — $ 1,550 US Treasury securities — 505 — 505 Certificates of deposit — 418 — 418 Corporate debt securities — — — — Total $ 1,550 $ 923 $ — $ 2,473 Level 1 Level 2 Level 3 Total December 31, 2023 Mutual funds $ 1,505 $ — $ — $ 1,505 US Treasury securities — 1,803 — 1,803 Certificates of deposit — 103 — 103 Corporate debt securities — 985 — 985 Total $ 1,505 $ 2,891 $ — $ 4,396

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Business Description, Basis o_2

Business Description, Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Business Description, Basis of Presentation and Significant Accounting Policies
Basis of Presentation:	Basis of Presentation: The fiscal year for ClearOne is the twelve These accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and are not audited. Certain information and footnote disclosures that are usually included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been either condensed or omitted in accordance with SEC rules and regulations. The accompanying condensed consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of our financial position as of June 30, 2024 December 31, 2023 three and six June 30, 2024 2023 six months ended June 30, 2024 2023 three and six June 30, 2024 2023 are not necessarily indicative of the results for a full-year period. These interim unaudited condensed consolidated financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC.
Significant Accounting Policies:	Significant Accounting Policies: The significant accounting policies were described in Note 1 December 31, 2023 June 30, 2024 Recent accounting pronouncements: In December 2023, the FASB issued ASU 2023 09 740 5 5 guidance is effective for annual periods beginning after December 15, 2024. The Company will adopt this guidance in fiscal 2025 The Company has determined that recently issued accounting standards, other than the above discussed, material impact on its consolidated financial position, results of operations or cash flows.
Liquidity:	Liquidity: As of June 30, 2024 as of December 31, 2023 $ 21,707 as of June 30, 2024 for the six months ended June 30, 2024 a decrease of $55,642 six months ended June 30, 2023 continuing as a going concern he Company believes, although there can be no assurance, that the current cash position and effective management of working capital, will provide the liquidity needed to meet our operating needs through at least August 14, 2025 If the Company needs additional capital and is unable to secure financing, it may be required to further reduce expenses, or delay product development and enhancement.

Revenue Information (Tables)

Revenue Information (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue Information
Schedule disaggregates the Company’s revenue into primary product groups and major regions	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Audio conferencing $ 905 $ 2,289 $ 2,429 $ 4,618 Microphones 1,043 2,688 2,614 3,883 Video products 356 506 883 1,160 $ 2,304 $ 5,483 $ 5,926 $ 9,661 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 North and South America $ 1,210 $ 3,384 $ 2,304 $ 4,954 Asia Pacific (includes Middle East, India and Australia) 841 1,672 2,842 3,368 Europe and Africa 253 427 780 1,339 $ 2,304 $ 5,483 $ 5,926 $ 9,661

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Loss Per Share
Schedule of the computation of basic and diluted earnings (loss) per common share	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ (2,820 ) $ (1,019 ) $ (4,718 ) $ (1,851 ) Denominator: Basic weighted average shares outstanding 23,969,148 23,955,802 23,969,148 23,955,785 Dilutive common stock equivalents using treasury stock method — — — — Diluted weighted average shares outstanding 23,969,148 23,955,802 23,969,148 23,955,785 Basic loss per common share $ (0.12 ) $ (0.04 ) $ (0.20 ) $ (0.08 ) Diluted loss per common share $ (0.12 ) $ (0.04 ) $ (0.20 ) $ (0.08 ) Weighted average options, warrants and convertible portion of senior convertible notes outstanding 6,420,553 6,287,019 6,420,553 6,327,495 Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation 6,420,553 6,287,019 6,420,553 6,327,495

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of security	Amortized cost Gross unrealized holding gains Gross unrealized holding losses Estimated fair value June 30, 2024 Available-for-sale securities: US Treasury securities $ 505 $ — $ — $ 505 Mutual funds 1,545 6 (1 ) 1,550 Certificates of deposit 418 — — 418 Corporate debt securities $ — $ — $ — $ — Total available-for-sale securities $ 2,468 $ 6 $ (1 ) $ 2,473 Amortized cost Gross unrealized holding gains Gross unrealized holding losses Estimated fair value December 31, 2023 Available-for-sale securities: US Treasury securities $ 1,804 $ — $ (1 ) $ 1,803 Mutual funds 1,498 7 — 1,505 Certificates of deposit 103 — — 103 Corporate debt securities $ 1,007 $ — $ (22 ) $ 985 Total available-for-sale securities $ 4,412 $ 7 $ (23 ) $ 4,396
Schedule of maturities of marketable securities classified as available-for-sale securities	Amortized cost Estimated fair value Due within one $ 1,847 $ 1,852 Due after one five 622 621 Due after five — — Total available-for-sale securities $ 2,469 $ 2,473
Schedule of available-for-sale marketable securities with continuous gross unrealized loss position	Less than 12 More than 12 Total Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses As of June 30, 2024 US Treasury securities $ 505 $ — $ — $ — $ 505 $ — Mutual Funds 1,550 (1 ) — — 1,550 (1 ) Certificates of Deposit 418 — — — 418 — Corporate debt securities — — — — — — Total $ 2,473 $ (1 ) $ — $ — $ 2,473 $ (1 ) Less than 12 More than 12 Total Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses As of December 31, 2023 US Treasury securities $ 1,803 $ (1 ) $ — $ — $ 1,803 $ (1 ) Mutual Funds 1,505 — — — 1,505 — Certificates of Deposit 103 — — — 103 — Corporate debt securities 985 (22 ) — — 985 (22 ) Total $ 4,396 $ (23 ) $ — $ — $ 4,396 $ (23 )

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets
Schedule of intangible assets and estimated useful lives	Estimated useful lives (years) June 30, 2024 December 31, 2023 Tradename 5 to 7 $ 555 $ 555 Patents and technological know-how 10 to 20 7,240 7,187 Proprietary software 3 to 15 2,981 2,981 Other 3 to 5 323 324 Total intangible assets 11,099 11,047 Accumulated amortization (9,517 ) (9,358 ) Total intangible assets, net $ 1,582 $ 1,689
Schedule of amortization of intangible assets	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Amortization of intangible assets $ 50 $ 129 $ 160 $ 247
Schedule of estimated future amortization expense of intangible assets	Years ending December 31, Amount 2024 $ 99 2025 198 2026 198 2027 68 2028 23 Thereafter 996 Total $ 1,582

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventories
Schedule of Inventories, net of reserves	June 30, 2024 December 31, 2023 Current: Raw materials $ 2,971 $ 2,086 Finished goods 11,628 8,539 $ 14,599 $ 10,625 Long-term: Raw materials $ 997 $ 1,789 Finished goods 775 1,354 $ 1,772 $ 3,143
Schedule of net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net loss (gain) incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory $ (95) $ 80 $ 98 $ 103

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
Schedule of rent expense	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Rent expense $ 118 $ 110 $ 227 $ 259
Schedule of Supplemental cash flow and balance sheet information related to leases	Six months ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ (232 ) $ (264 ) Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 341 June 30, 2024 December 31, 2023 Operating lease right-of-use assets $ 804 $ 990 Current portion of operating lease liabilities, included in accrued liabilities $ 333 $ 383 Operating lease liabilities, net of current portion 515 665 Total operating lease liabilities $ 848 $ 1,048 Weighted average remaining lease term for operating leases (in years) 3.13 3.39 Weighted average discount rate for operating leases 6.59 % 6.47 %
Schedule of maturities of operating lease liabilities	Years ending December 31, 2024 $ 208 2025 272 2026 210 2027 216 2028 37 Thereafter — Total lease payments 943 Less: Imputed interest 95 Total $ 848

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Shareholders' Equity
Schedule of changes in stockholders' equity	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Common stock and additional paid-in capital Balance, beginning of period $ 31,608 $ 74,957 $ 46,071 $ 74,934 Dividends declared — (28,979 ) (14,496 ) (28,979 ) Share-based compensation expense 39 25 65 47 Proceeds from employee stock purchase plan (7 ) — — 1 Balance, end of period $ 31,640 $ 46,003 $ 31,640 $ 46,003 Accumulated other comprehensive loss Balance, beginning of period $ (290 ) $ (283 ) $ (310 ) $ (288 ) Unrealized loss on available-for-sale securities, net of tax (3 ) 14 19 14 Foreign currency translation adjustment (1 ) (1 ) (3 ) 4 Balance, end of period $ (294 ) $ (270 ) $ (294 ) $ (270 ) Accumulated deficit Balance, beginning of period $ (2,972 ) $ (1,348 ) $ (1,076 ) $ (516 ) Net loss (2,822 ) (1,019 ) (4,718 ) (1,851 ) Balance, end of period $ (5,794 ) $ (2,367 ) $ (5,794 ) $ (2,367 ) Total shareholders' equity $ 25,552 $ 43,366 $ 25,552 $ 43,366

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Compensation
Schedule of stock option activity	Number of shares Weighted average exercise price Options outstanding at beginning of year 607,810 $ 5.03 Granted — — Less: Exercised — — Forfeited prior to vesting (20,000 ) — Canceled or expired (107,500 ) — Options outstanding at June 30, 2024 480,310 4.52 Options exercisable at end of June 30, 2024 — $ —
Schedule of share-based compensation expense	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Cost of goods sold $ 2 $ 1 $ 3 $ 3 Sales and marketing 2 2 4 4 Research and product development 12 11 25 20 General and administrative 6 10 16 20 $ 22 $ 24 $ 48 $ 47

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Measurements
Schedule of fair value of the financial instruments	Level 1 Level 2 Level 3 Total June 30, 2024 Mutual funds $ 1,550 $ — $ — $ 1,550 US Treasury securities — 505 — 505 Certificates of deposit — 418 — 418 Corporate debt securities — — — — Total $ 1,550 $ 923 $ — $ 2,473 Level 1 Level 2 Level 3 Total December 31, 2023 Mutual funds $ 1,505 $ — $ — $ 1,505 US Treasury securities — 1,803 — 1,803 Certificates of deposit — 103 — 103 Corporate debt securities — 985 — 985 Total $ 1,505 $ 2,891 $ — $ 4,396

Business Description, Basis o_3

Business Description, Basis of Presentation and Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	Apr. 30, 2024	May 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Loss Contingencies [Line Items]
Payment of dividends	$ 14,490	$ 28,979	$ 14,490	$ 28,979
Cash and cash equivalents			2,450		$ 17,835
Working capital			21,707
Net cash provided by operating activities			(2,722)	$ 52,920
Increase of cash used in operating activities			$ 55,642

Revenue Information - Revenue i

Revenue Information - Revenue into Primary Product Groups and Major Regions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue [Line Items]
Revenue	$ 2,304	$ 5,483	$ 5,926	$ 9,661
North and South America [Member]
Revenue [Line Items]
Revenue	1,210	3,384	2,304	4,954
Asia Pacific (includes Middle East, India and Australia)
Revenue [Line Items]
Revenue	841	1,672	2,842	3,368
Europe and Africa [Member]
Revenue [Line Items]
Revenue	253	427	780	1,339
Audio conferencing [Member]
Revenue [Line Items]
Revenue	905	2,289	2,429	4,618
Microphones [Member]
Revenue [Line Items]
Revenue	1,043	2,688	2,614	3,883
Video products [Member]
Revenue [Line Items]
Revenue	$ 356	$ 506	$ 883	$ 1,160

Loss Per Share - Computation of

Loss Per Share - Computation of Basic and Diluted Earnings (Loss) per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss	$ (2,820)	$ (1,019)	$ (4,718)	$ (1,851)
Denominator:
Basic weighted average shares outstanding (in shares)	23,969,148	23,955,802	23,969,148	23,955,785
Dilutive common stock equivalents using treasury stock method (in shares)	0	0	0	0
Diluted weighted average shares outstanding (in shares)	23,969,148	23,955,802	23,969,148	23,955,785
Basic loss per common share (in dollars per share)	$ (0.12)	$ (0.04)	$ (0.2)	$ (0.08)
Diluted loss per common share (in dollars per share)	$ (0.12)	$ (0.04)	$ (0.2)	$ (0.08)
Weighted average options, warrants and convertible portion of senior convertible notes outstanding (in shares)	6,420,553	6,287,019	6,420,553	6,327,495
Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation (in shares)	6,420,553	6,287,019	6,420,553	6,327,495

Marketable Securities - Availab

Marketable Securities - Available-for-sale Securities by Major Security Type (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized cost	$ 2,468	$ 4,412
Gross unrealized holding gains	6	7
Gross unrealized holding losses	(1)	(23)
Estimated fair value	2,473	4,396
US Treasury securities [Member]
Marketable Securities [Line Items]
Amortized cost	505	1,804
Gross unrealized holding gains	0	0
Gross unrealized holding losses	0	(1)
Estimated fair value	505	1,803
Mutual Funds [Member]
Marketable Securities [Line Items]
Amortized cost	1,545	1,498
Gross unrealized holding gains	6	7
Gross unrealized holding losses	(1)	0
Estimated fair value	1,550	1,505
Certificates of Deposit [Member]
Marketable Securities [Line Items]
Amortized cost	418	103
Gross unrealized holding gains	0	0
Gross unrealized holding losses	0	0
Estimated fair value	418	103
Corporate debt securities [Member]
Marketable Securities [Line Items]
Amortized cost	0	1,007
Gross unrealized holding gains	0	0
Gross unrealized holding losses	0	(22)
Estimated fair value	$ 0	$ 985

Marketable Securities - Maturit

Marketable Securities - Maturities of Available-for-sale Securities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due within one year, amortized cost	$ 1,847
Due after one year through five years, amortized cost	622
Due after five years, amortized cost	0
Total available-for-sale securities, amortized cost	2,469
Due within one year, estimated fair value	1,852
Due after one year through five years, estimated fair value	621
Due after five years, estimated fair value	0
Total available-for-sale securities, estimated fair value	$ 2,473

Marketable Securities - Avail_2

Marketable Securities - Available-for-sale Marketable Securities in Gross Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	$ 2,473	$ 4,396
Gross unrealized holding losses, less than 12 months	(1)	(23)
Estimated fair value, more than 12 months	0	0
Gross unrealized holding losses, more than 12 months	0	0
Estimated fair value	2,473	4,396
Gross unrealized holding losses	(1)	(23)
US Treasury securities [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	505	1,803
Gross unrealized holding losses, less than 12 months	0	(1)
Estimated fair value, more than 12 months	0	0
Gross unrealized holding losses, more than 12 months	0	0
Estimated fair value	505	1,803
Gross unrealized holding losses	0	(1)
Mutual Funds [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	1,550	1,505
Gross unrealized holding losses, less than 12 months	(1)	0
Estimated fair value, more than 12 months	0	0
Gross unrealized holding losses, more than 12 months	0	0
Estimated fair value	1,550	1,505
Gross unrealized holding losses	(1)	0
Certificates of Deposit [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	418	103
Gross unrealized holding losses, less than 12 months	0	0
Estimated fair value, more than 12 months	0	0
Gross unrealized holding losses, more than 12 months	0	0
Estimated fair value	418	103
Gross unrealized holding losses	0	0
Corporate debt securities [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	0	985
Gross unrealized holding losses, less than 12 months	0	(22)
Estimated fair value, more than 12 months	0	0
Gross unrealized holding losses, more than 12 months	0	0
Estimated fair value	0	985
Gross unrealized holding losses	$ 0	$ (22)

Intangible Assets - Intangible

Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 11,099	$ 11,047
Accumulated amortization	(9,517)	(9,358)
Total intangible assets, net	1,582	1,689
Tradename [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 555	555
Tradename [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	5 years
Tradename [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	7 years
Patents and technological know-how [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 7,240	7,187
Patents and technological know-how [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	10 years
Patents and technological know-how [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	20 years
Proprietary software [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 2,981	2,981
Proprietary software [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	3 years
Proprietary software [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	15 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 323	$ 324
Other [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	3 years
Other [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	5 years

Intangible Assets - Amortizatio

Intangible Assets - Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Intangible Assets
Amortization of intangible assets	$ 50	$ 129	$ 160	$ 247

Intangible Assets - Estimated F

Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Intangible Assets
2024 (Remainder)	$ 99
2025	198
2026	198
2027	68
2028	23
Thereafter	996
Total intangible assets, net	$ 1,582	$ 1,689

Inventories - Inventories, Net

Inventories - Inventories, Net of Reserves (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current:
Raw materials	$ 2,971	$ 2,086
Finished goods	11,628	8,539
Total current inventory	14,599	10,625
Long-term:
Raw materials	997	1,789
Finished goods	775	1,354
Total long-term inventory	$ 1,772	$ 3,143

Inventories - Net loss incurred

Inventories - Net loss incurred on valuation of inventory (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Inventories
Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory	$ (95)	$ 80	$ 98	$ 103

Leases (Details Textual)

Leases (Details Textual)	Jun. 30, 2024 ft²
Facility to support, research and development activity [Member] | Gainesville, Florida [Member]
Lessee, Lease, Description [Line Items]
Area of real estate property	1,350
Facility to support, principal administrative, sales, marketing, customer support, and research and product development activity [Member] | Salt Lake City, Utah [Member]
Lessee, Lease, Description [Line Items]
Area of real estate property	9,402
Facility to support, principal administrative, sales, marketing, customer support, and research and product development activity [Member] | Chennai, India [Member]
Lessee, Lease, Description [Line Items]
Area of real estate property	6,175
Warehouse to support, primary inventory fulfillment and repair center [Member] | Salt Lake City, Utah [Member]
Lessee, Lease, Description [Line Items]
Area of real estate property	40,000

Leases - Rent Expense (Details)

Leases - Rent Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases
Rent expense	$ 118	$ 110	$ 227	$ 259

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ (232)	$ (264)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 0	$ 341

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases
Operating lease right-of-use assets	$ 804	$ 990
Operating lease liabilities:
Current portion of operating lease liabilities, included in accrued liabilities	333	383
Operating lease liabilities, net of current portion	515	665
Total operating lease liabilities	$ 848	$ 1,048
Weighted average remaining lease term for operating leases (in years)	3 years 1 month 17 days	3 years 4 months 20 days
Weighted average discount rate for operating leases	6.59%	6.47%

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases
2024 (Remainder)	$ 208
2025	272
2026	210
2027	216
2028	37
Thereafter	0
Total lease payments	943
Less: Imputed interest	(95)
Total	$ 848	$ 1,048

Shareholders' Equity - Sharehol

Shareholders' Equity - Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			$ 44,685
Foreign currency translation adjustment	$ (1)	$ (1)	(3)	$ 4
Net loss	(2,820)	(1,019)	(4,718)	(1,851)
Balance, end of period	25,552	43,366	25,552	43,366
Common stock and additional paid-in capital [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	31,608	74,957	46,071	74,934
Dividends declared	0	(28,979)	(14,496)	(28,979)
Share-based compensation expense	39	25	65	47
Proceeds from employee stock purchase plan	(7)	0	0	1
Balance, end of period	31,640	46,003	31,640	46,003
Accumulated other comprehensive loss [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(290)	(283)	(310)	(288)
Unrealized loss on available-for-sale securities, net of tax	(3)	14	19	14
Foreign currency translation adjustment	(1)	(1)	(3)	4
Balance, end of period	(294)	(270)	(294)	(270)
Accumulated deficit [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(2,972)	(1,348)	(1,076)	(516)
Net loss	(2,822)	(1,019)	(4,718)	(1,851)
Balance, end of period	$ (5,794)	$ (2,367)	$ (5,794)	$ (2,367)

Shareholders' Equity - (Details

Shareholders' Equity - (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jan. 04, 2022	Sep. 12, 2021	Jun. 30, 2024	Dec. 31, 2023
Shareholders' Equity
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001
Edward D. Bagley | Bridge Loan
Shareholders' Equity
Principal amount of loan obtained	$ 2,000
Bridge loan issuance date	Jul. 02, 2021
Bridge loan amended date	Sep. 11, 2021
Common Stock
Shareholders' Equity
Warrants and Rights Outstanding, Maturity Date			Mar. 15, 2027
Common stock shares issued		3,623,189
Common stock, par value (in dollars per share)		$ 0.001
Offering price (Per share)		$ 2.76
Proceeds from issuance of common stock, gross		$ 10,000
Proceeds from issuance of common stock, net of issuance costs		$ 9,288
Common stock shares issued for warrants exercisable		3,623,189
Exercise price of warrants		$ 2.76
Common Stock | Securities Purchase Agreement | Edward D. Bagley | Private Placement
Shareholders' Equity
Common stock shares issued	1,538,461
Common stock, par value (in dollars per share)	$ 0.001
Offering price (Per share)	$ 1.3

Debt (Details Textual)

Debt (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jan. 04, 2022	Jun. 30, 2024	Dec. 31, 2023	Sep. 12, 2021
Senior Convertible Notes and Warrants
Common stock, par value		$ 0.001	$ 0.001
Common Stock
Senior Convertible Notes and Warrants
Common stock shares issued				3,623,189
Common stock, par value				$ 0.001
Purchase price (in dollars per share)				2.76
Warrants, Initial exercise price per share				$ 2.76
Edward D. Bagley | Bridge Loan
Senior Convertible Notes and Warrants
Principal amount of loan obtained	$ 2,000
Promissory note issuance date	Jul. 02, 2021
Bridge loan amended date	Sep. 11, 2021
Securities Purchase Agreement | Edward D. Bagley | Private Placement | Common Stock
Senior Convertible Notes and Warrants
Common stock shares issued	1,538,461
Common stock, par value	$ 0.001
Purchase price (in dollars per share)	$ 1.3

Share-based Compensation (Detai

Share-based Compensation (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, outstanding	480,310	607,810
Unrecognized compensation cost related to non-vested stock options, net of forfeitures	$ 97
Unrecognized compensation cost related to non-vested stock options, net of forfeitures, weighted average period	2 years 2 months 15 days

Share-based Compensation - Stoc

Share-based Compensation - Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of year | shares	607,810
Granted | shares	0
Exercised | shares	0
Forfeited prior to vesting | shares	(20,000)
Canceled or expired | shares	(107,500)
Options outstanding at end of year | shares	480,310
Options exercisable at end of year | shares	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding at beginning of year | $ / shares	$ 5.03
Granted | $ / shares	0
Exercised | $ / shares	0
Forfeited prior to vesting | $ / shares	0
Canceled or expired | $ / shares	0
Options outstanding at end of year | $ / shares	4.52
Options exercisable at end of year | $ / shares	$ 0

Share-based Compensation - St_2

Share-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock-based Compensation
Share-based compensation expense	$ 22	$ 24	$ 48	$ 47
Cost of goods sold [Member]
Stock-based Compensation
Share-based compensation expense	2	1	3	3
Sales and marketing [Member]
Stock-based Compensation
Share-based compensation expense	2	2	4	4
Research and product development [Member]
Stock-based Compensation
Share-based compensation expense	12	11	25	20
General and administrative [Member]
Stock-based Compensation
Share-based compensation expense	$ 6	$ 10	$ 16	$ 20

Income Taxes (Details - Textual

Income Taxes (Details - Textual) $ in Thousands	Jun. 30, 2024 USD ($)
Income Taxes
Uncertain tax positions	$ 1,079

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Measurements
Total	$ 2,473	$ 4,396
Level 1 [Member]
Fair Value Measurements
Total	1,550	1,505
Level 2 [Member]
Fair Value Measurements
Total	923	2,891
Level 3 [Member]
Fair Value Measurements
Total	0	0
Mutual Funds [Member]
Fair Value Measurements
Total	1,550	1,505
Mutual Funds [Member] | Level 1 [Member]
Fair Value Measurements
Total	1,550	1,505
Mutual Funds [Member] | Level 2 [Member]
Fair Value Measurements
Total	0	0
Mutual Funds [Member] | Level 3 [Member]
Fair Value Measurements
Total	0	0
US Treasury securities [Member]
Fair Value Measurements
Total	505	1,803
US Treasury securities [Member] | Level 1 [Member]
Fair Value Measurements
Total	0	0
US Treasury securities [Member] | Level 2 [Member]
Fair Value Measurements
Total	505	1,803
US Treasury securities [Member] | Level 3 [Member]
Fair Value Measurements
Total	0	0
Certificates of Deposit [Member]
Fair Value Measurements
Total	418	103
Certificates of Deposit [Member] | Level 1 [Member]
Fair Value Measurements
Total	0	0
Certificates of Deposit [Member] | Level 2 [Member]
Fair Value Measurements
Total	418	103
Certificates of Deposit [Member] | Level 3 [Member]
Fair Value Measurements
Total	0	0
Corporate debt securities [Member]
Fair Value Measurements
Total	0	985
Corporate debt securities [Member] | Level 1 [Member]
Fair Value Measurements
Total	0	0
Corporate debt securities [Member] | Level 2 [Member]
Fair Value Measurements
Total	0	985
Corporate debt securities [Member] | Level 3 [Member]
Fair Value Measurements
Total	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	Apr. 30, 2024	May 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Subsequent Event [Line Items]
Payments of cash dividends	$ 14,490	$ 28,979	$ 14,490	$ 28,979