Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses (Tables)

v3.19.2
Accounts Payable and Accrued Expenses (Tables)
6 Months Ended
Jun. 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     June 30, 2019  
          (Unaudited)  
Accounts payable   $ 6,644,000     $ 10,631,000  
Accrued warranty     422,000       335,000  
Accrued compensation     870,000       451,000  
Other current liabilities     91,000       188,000  
                 
    $ 8,027,000     $ 11,605,000  
Schedule of Product Warranty Liability

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

 

    Six Months Ended June 30,  
    2018     2019  
             
Accrued warranty reserve, beginning of period   $ 535,000     $ 422,000  
Accrual for product warranties issued     67,000       152,000  
Product replacements and other warranty expenditures     (75,000 )     (139,000 )
Expiration of warranties     (78,000 )     (100,000 )
                 
Accrued warranty reserve, end of period   $ 449,000     $ 335,000