Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses (Tables)

v3.19.1
Accounts Payable and Accrued Expenses (Tables)
3 Months Ended
Mar. 31, 2019
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued expenses consist of the following:

 

    December 31, 2018     March 31, 2019  
          (Unaudited)  
             
Accounts payable   $ 6,644,000     $ 8,521,000  
Accrued warranty     422,000       372,000  
Accrued compensation     870,000       674,000  
Other current liabilities     91,000       113,000  
                 
    $ 8,027,000     $ 9,680,000

Schedule of Product Warranty Liability

The following table summarizes warranty activity for the three-month periods ended March 31, 2018 and 2019:

 

   

Three Months Ended

March 31,

 
    2018     2019  
             
Accrued warranty reserve, beginning of period   $ 535,000     $ 422,000  
Accrual for product warranties issued     23,000       80,000  
Product replacements and other warranty expenditures     (33,000 )     (54,000 )
Expiration of warranties     (30,000 )     (76,000 )
                 
Accrued warranty reserve, end of period   $ 495,000     $ 372,000