Company: STAA
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024813
Chunk: 124

Company: STAAR SURGICAL CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 124
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 of deposit

        1,997

        —

        1,997

        U.S. Treasury securities

        11,355

        —

        11,355

        Corporate debt securities

        51,515

        —

        51,515

        Total investments AFS
         
        $
        86,335

        $
        —

        $
        86,335

F-20

STAAR SURGICAL COMPANY AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 

Note 2 — Investments Available for Sale (Continued)During 2024, several of the Company’s investments AFS with an aggregate fair value of $1,314,000 were subject to early redemption.  The Company recognized a gain upon redemption of $3,000 for the year ended 2024. During 2023 and 2022, two of the Company’s investments AFS were the subject of a downgraded credit rating.  The Company sold its investments of $1,300,000 and $359,000 during 2023 and 2022, respectively, in aggregate securities following the downgrade.  The Company recognized a realized loss upon sale of less than $1,000 for the years ended 2023 and 2022.

Note 3 — Accounts Receivable Trade, NetAccounts receivable trade, net consisted of the following (in thousands): 

        2024

        2023

        Domestic
         
        $
        2,661

        $
        2,009

        Foreign

        75,268

        92,886

        Total accounts receivable trade, gross

        77,929

        94,895

        Less allowance for credit losses

        (32
        )

        (191
        )

        Total accounts receivable trade, net
         
        $
        77,897

        $
        94,704

Note 4 — Inventories, NetInventories, net consisted of the following (in thousands): 

        2024

        2023

        Raw materials and purchased parts
         
        $
        9,705

        $
        9,766

        Work in process

        8,168

        5,722

        Finished goods

        26,710

        23,150

        Total inventories, gross