Accounts Payable and Accrued Expenses
|12 Months Ended|
Dec. 31, 2019
|Payables and Accruals [Abstract]|
|Accounts Payable and Accrued Expenses||
NOTE 13 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable and accrued expenses consist of the following:
The Company’s products are warranted against defects in materials and workmanship for a period of 1-3 years from the date of acceptance of the product by the customer. The customers may purchase an extended warranty providing coverage up to a maximum of 60 months. A provision for estimated future warranty costs is recorded for expected or historical warranty matters related to equipment shipped and is included in accounts payable and accrued expenses in the Consolidated Balance Sheets as of December 31, 2018 and 2019.
The following table summarizes warranty activity during the years ended December 31, 2018 and 2019:
(a) Includes accrued warranty and other liabilities at December 31, 2018 and 2019 of $-0- and $110, respectively.
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef