Annual report pursuant to Section 13 and 15(d)

Schedule II -Valuation And Qualification Accounts

v3.20.1
Schedule II -Valuation And Qualification Accounts
12 Months Ended
Dec. 31, 2019
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,  2017

 

 

  

 

 

  

 

 

  

 

 

  

Allowances deducted from assets

 

 

  

 

 

  

 

 

  

 

 

  

Doubtful Accounts

 

$

 —

 

$

29

 

$

 —

 

$

29

Inventory

 

 

624

 

 

212

(a)  

 

 —

 

 

836

Total allowances deducted from assets

 

$

624

 

$

241

 

$

 —

 

$

865

For the Year Ended December 31,  2018

 

 

  

 

 

  

 

 

  

 

 

  

Allowances deducted from assets

 

 

  

 

 

  

 

 

  

 

 

  

Doubtful Accounts

 

$

29

 

$

 7

 

$

(29)

 

$

 7

Inventory

 

 

836

 

 

303

 

 

(775)

(b)  

 

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)

(c)  

$

 —

 

$

 —

Inventory

 

 

364

 

 

4,573

 

 

(149)

 

 

4,788

Total allowances deducted from assets

 

$

371

 

$

4,566

 

$

(149)

 

$

4,788


(a)

Net change in inventory allowance, excluding iWear net realizable value write-down.

(b)

Deductions in 2018 primarily related to the disposal of raw components related to the discontinuance of our iWear product.

(c)

Recovery of amounts previously written off.