Note 8 - Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

We are obligated to pay royalties pursuant to an exclusive Amended and Restated Intellectual Property License Agreement (the “License Agreement”), dated as of September 30, 2016, with Syzygy Licensing, LLC (“Syzygy”), a private technology invention, consulting and licensing company owned and controlled by Elwood G. Norris, a founder and former officer and current 5% stockholder of the Company, and James A. Barnes, a former officer and stockholder of the Company (see Note 16).

Accounts payable includes $14 and $127 due to Syzygy pursuant to the License Agreement as of December 31, 2023 and 2022, respectively.

Accrued liabilities consist of the following:

	December 31,
	2023		2022
Patent and legal costs	$	21	$	135
Accrued compensation		325		1,100
Warranty costs		72		125
Taxes and other		274		103
	$	692	$	1,463

Accrued compensation includes $0 and $1,022 in employee bonuses and commissions payable at December 31, 2023 and 2022, respectively.

Changes in our estimated product warranty costs were as follows:

	Year Ended December 31,
	2023			2022
Balance, beginning of period	$	125		$	96
Warranty settlements		(169	)		(181	)
Warranty provision		116			210
Balance, end of period	$	72		$	125