Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses (Tables)

v3.19.3
Accounts Payable and Accrued Expenses (Tables)
9 Months Ended
Sep. 30, 2019
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued expenses consist of the following:

 

    December 31, 2018     September 30, 2019  
              (Unaudited)  
Accounts payable   $ 6,644,000     $ 15,513,000  
Accrued warranty     422,000       337,000  
Accrued compensation     870,000       488,000  
Other current liabilities     91,000       245,000  
                 
    $ 8,027,000     $ 16,583,000  

Schedule of Product Warranty Liability

The following table summarizes warranty activity for the nine-month periods ended September 30, 2018 and 2019:

 

    Nine Months Ended September 30,  
    2018     2019  
             
Accrued warranty reserve, beginning of period   $ 535,000     $ 422,000  
Accrual for product warranties issued     70,000       204,000  
Product replacements and other warranty expenditures     (124,000 )     (165,000 )
Expiration of warranties     (90,000 )     (124,000 )
                 
Accrued warranty reserve, end of period   $ 391,000     $ 337,000