Annual report pursuant to Section 13 and 15(d)

Schedule II -Valuation And Qualification Accounts

v3.20.4
Schedule II -Valuation And Qualification Accounts
12 Months Ended
Dec. 31, 2020
Valuation and Qualifying Accounts  
Schedule II - Valuation and Qualifying Accounts

VUZIX CORPORATION

Schedule II — Valuation and Qualifying Accounts (in thousands)

    

Balance at

    

    

    

Beginning of

Charged to

Balance at End

Description

Period

Expenses

Deductions

of Period

For the Year Ended December 31,  2018

 

  

 

  

 

  

 

  

Allowances deducted from assets

 

  

 

  

 

  

 

  

Doubtful Accounts

$

29

$

7

$

(29)

$

7

Inventory

 

836

 

303

 

(775)

(a)  

 

364

Total allowances deducted from assets

$

865

$

310

$

(804)

$

371

For the Year Ended December 31,  2019

 

  

 

  

 

  

 

  

Allowances deducted from assets

 

  

 

  

 

  

 

  

Doubtful Accounts

$

7

$

(7)

(b)  

$

$

Inventory

 

364

 

4,573

 

(149)

 

4,788

Total allowances deducted from assets

$

371

$

4,566

$

(149)

$

4,788

For the Year Ended December 31,  2020

 

  

 

  

 

  

 

  

Allowances deducted from assets

 

  

 

  

 

  

 

  

Doubtful Accounts

$

$

$

$

Inventory

 

4,788

 

1,274

 

(2,203)

(c)

 

3,859

Total allowances deducted from assets

$

4,788

$

1,274

$

(2,203)

$

3,859

(a) Deductions in 2018 primarily related to the disposal of raw components related to the discontinuance of our iWear product.
(b) Recovery of amounts previously written off.
(c) Deductions in 2020 primarily related to the disposal of raw components related to the discontinuance of production of our original M300, all of which was fully provisioned for as of December 31, 2019.