Product Warranty Provisions

3 Months Ended

Mar. 31, 2021

Guarantees and Product Warranties [Abstract]

Product Warranty Provisions

11. Product Warranty Provisions

The Company’s standard policy is to warrant all capital systems against defects in material or workmanship for one year following installation. The Company’s estimate of costs to service the warranty obligations is based on historical experience and current product performance trends. A regular review of warranty obligations is performed to determine the adequacy of the reserve and adjustments are made to the estimated warranty liability as appropriate.

Accrued warranty, which is included in other accrued liabilities, consists of the following:

	March 31, 2021			December 31, 2020
Warranty accrual, beginning of the fiscal period	$	157,615		$	141,697
Accrual adjustment for product warranty		94,596			49,974
Payments made		(63,620	)		(34,056	)
Warranty accrual, end of the fiscal period	$	188,591		$	157,615