Note 10 - Commitments and Contingencies

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

10.

    

COMMITMENTS AND CONTINGENCIES

a. Purchase Commitments

As of

March 31, 2020,

we have made commitments to purchase approximately

$1,253

of production machinery and equipment.

b. Product Warranties

We estimate future warranty costs to be incurred for product failure rates, material usage and service costs in the development of our warranty obligations. Estimated future costs are based on actual past experience and are generally estimated as a percentage of sales over the warranty period. Changes in our product warranty liability during the

first

three

months of

2020

and

2019

were as follows:

	Three - m onth p eriod e nded March 31,
	20 20			201 9
Accrued warranty obligations – beginning	$	195		$	95
Accruals for warranties issued		27			5
Settlements made		(12	)		(5	)
Accrued warranty obligations – ending	$	210		$	95

c. Contingencies and Legal Matters

We are subject to legal proceedings and claims that arise from time to time in the normal course of business.  We believe that the final disposition of any such matters will

not

have a material adverse effect on the Company’s financial position, results of operations or cash flows.  However, recognizing that legal matters are subject to inherent uncertainties, there exists the possibility that ultimate resolution of these matters could have a material adverse impact on the Company’s financial position, results of operations or cash flows. We are

not

aware of any such situations that are reasonably possible at this time.