Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 9 Months Ended
Sep. 30, 2021
Payables and Accruals [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 12 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 

Accounts payable and accrued expenses consist of the following:

 SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

    December 31, 2020     September 30, 2021  
          (Unaudited)  
Accounts payable   $ 9,877     $ 13,871  
Accrued warranty     705       906  
Accrued compensation     5,581       5,561  
Government authorities     3,047       2,874  
Other current liabilities     1,015       1,443  
                 
Accounts payable and accrued expenses   $ 20,225     $ 24,655  

 

The Company’s products are warranted against defects in materials and workmanship for a period of one to three 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 Condensed Consolidated Balance Sheets as of December 31, 2020 and September 30, 2021.

 

The following table summarizes warranty activity for the nine-month periods ended September 30, 2020 and 2021:

 SCHEDULE OF PRODUCT WARRANTY LIABILITY

    Nine Months Ended September 30,  
    2020     2021  
             
Accrued warranty reserve, beginning of year   $ 742     $ 807  
Accrual for product warranties issued     639       864  
Product replacements and other warranty expenditures     (565 )     (305 )
Expiration of warranties     19     (280 )
                 
Accrued warranty reserve, end of period (a)   $ 835     $ 1,086  

 

(a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and September 30, 2021 of $102 and $180, respectively.