PRODUCT WARRANTIES

9 Months Ended

Sep. 30, 2011

Product Warranties Disclosures [Abstract]

Product Warranty Disclosure [Text Block]

NOTE 14 — PRODUCT WARRANTIES

The Company warrants its transportation asset management products against defects in materials and workmanship for a period of 12 months from the date of acceptance of the product by the customer. The customers may purchase an extended warranty providing coverage up to a maximum of 60 months. A provision for estimated future warranty costs is recorded for expected or historical warranty matters related to equipment shipped and is included in accounts payable and accrued expenses in the condensed consolidated balance sheet as of December 31, 2010 and September 30, 2011.

The following table summarizes warranty activity for the nine-month periods ended September 30, 2010 and 2011:

	Nine Months Ended September 30,
	2010			2011
Accrued warranty reserve, beginning of period	$	2,053,000		$	2,069,000
Additional warranty reserve based on final allocation of the purchase price		604,000			—
		2,657,000			2,069,000
Accrual for product warranties issued		36,000			356,000
Product replacements and other warranty expenditures		(598,000	)		(438,000	)
Expiration of warranties		(44,000	)		(171,000	)
Accrued warranty reserve, end of period	$	2,051,000		$	1,816,000