The Company’s accounts receivable arise from sales on credit to customers. The Company establishes an allowance for credit losses to present the net amount of accounts receivable expected to be collected. The estimate is determined by using the loss-rate method, which requires an estimation of loss rates based upon historical loss experience adjusted for factors that are relevant to determining the expected collectability of accounts receivables. Some of these factors include macroeconomic conditions that correlate with historical loss experience, delinquency trends, aging behavior of receivables and credit and liquidity indicators for individual customers.

The components of Receivable, net are as follows (in thousands):


	December 31,			December 31,
	2023			2024
	(Restated)
Trade accounts receivable	$	58,357		$	43,806
Other receivables		447			1
Total receivables		58,804			43,807
Less: Allowance for credit losses		(2,551	)		(3,402	)
Receivables, net	$	56,253		$	40,405

The Allowance for credit losses activity was as follows (in thousands):


	Year ended December 31,			Year Ended December 31,
	2023			2024
	(Restated)
Beginning balance	$	2,095		$	2,551
Provision increase		954			1,408
Recoveries		(46	)		(63	)
Amounts written-off		(452	)		(494	)
Ending balance	$	2,551		$	3,402

The amounts written-off include receivables that were deemed uncollectible and were previously reserved for.

Inventories, net consisted of the following (in thousands):


	December 31,			December 31,
	2023			2024
	(Restated)
Finished goods	$	70,825		$	60,657
Raw materials		21,271			10,763
Gross inventory		92,096			71,420
Less: Excess and obsolescence reserve		(24,018	)		(29,430	)
Inventories, net	$	68,078		$	41,990

The following table reflects the activity in the Company’s Inventory excess and obsolete provision (in thousands):


	Year ended December 31,			Year Ended December 31,
	2023			2024
	(Restated)
Beginning balance	$	10,746		$	24,018
Inventory written off		(798	)		(569	)
Increase (decrease) in excess and obsolete provision		14,070			5,981
Ending balance	$	24,018		$	29,430

Inventory reserves are established for estimated excess and obsolete inventory equal to the difference between the cost of the inventory and the estimated net realizable value of the inventory based on historical usage, known trends, inventory age and market conditions and judgment about the consumption and our ability to sell the inventory.

Other noncurrent assets consisted of the following (in thousands):


	December 31,		December 31,
	2023		2024
	(Restated)
Supplier prepayments	$	2,128	$	11,797
Prepaid security deposit		554		539
Debt issuance costs		364		—
Other		417		1,308
Other noncurrent assets	$	3,463	$	13,644

The supplier prepayments represent payments made to our component suppliers for goods to be received beyond one year.

Accrued liabilities consisted of the following (in thousands):


	December 31,		December 31,
	2023		2024
	(Restated)
Accrued goods and services	$	6,288	$	6,832
Accrued loss on supplier commitments		1,324		1,634
Accrued inventory purchases		2,768		1,756
Accrued customer reserves		28,696		19,934
Other		512		824
Accrued liabilities	$	39,588	$	30,980

Accrued loss on supplier commitments reflects accrued loss on purchase obligations with its suppliers for component inventory expected to be scrapped.

Provision for warranty claims is primarily related to our hardware products and recorded at the time products are sold. The change to accrued warranty was as follows (in thousands):


	Year ended December 31,			Year Ended December 31,
	2023			2024

Beginning balance	$	1,651		$	1,484
Costs to service warranty		(178	)		(14	)
Provision increase (decrease), net		11			(27	)
Ending balance	$	1,484		$	1,443

At December 31, 2023, $1.2 million is included in Other current liabilities and $0.3 million is included in Other noncurrent liabilities on the Company’s consolidated balance sheet. At December 31, 2024, $1.3 million is included in Other current liabilities and $0.1 million is included in Other noncurrent liabilities on the Company’s consolidated balance sheet.

Other current liabilities consisted of the following (in thousands):


	December 31,		December 31,
	2023		2024
	(Restated)
Accrued sales returns	$	15,443	$	5,687
Accrued warranty		1,174		1,274
Current lease liabilities		1,531		1,232
Accrued taxes		1,690		241
Other current liabilities	$	19,838	$	8,434

Other noncurrent liabilities consisted of the following (in thousands):


	December 31,		December 31,
	2023		2024
	(Restated)
Accrued loss on supplier commitments	$	11,918	$	16,784
Accrued warranty		310		169
Other liabilities		1,308		1,469
Other noncurrent liabilities	$	13,536	$	18,422