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OTHER ACCRUED LIABILITIES
9 Months Ended
Sep. 30, 2024
OTHER ACCRUED LIABILITIES  
OTHER ACCRUED LIABILITIES

NOTE 4 – OTHER ACCRUED LIABILITIES

 

Other accrued liabilities consisted of the following components:

 

 

 

September 30,

2024

 

 

December 31,

2023

 

(in thousands)

 

 

 

 

 

 

Lease liability - short term

 

$779

 

 

$798

 

Product warranty

 

 

356

 

 

 

449

 

Sales return reserve

 

 

32

 

 

 

32

 

Other taxes

 

 

31

 

 

 

69

 

Other

 

 

104

 

 

 

90

 

Other accrued liabilities

 

$1,302

 

 

$1,438

 

 

The changes in our product warranty liability for the nine months ending September 30, 2024, and year ending December 31, 2023, are as follows:

 

 

 

September 30,

2024

 

 

December 31,

2023

 

(in thousands)

 

 

 

 

 

 

Liability, beginning balance

 

$449

 

 

$425

 

Net expenses

 

 

604

 

 

 

902

 

Warranty claims

 

 

(604)

 

 

(902)

Accrual revisions

 

 

(93)

 

 

24

 

Liability, ending balance

 

$356

 

 

$449