Quarterly report [Sections 13 or 15(d)]

Note 7 - Accrued Liabilities

v3.25.1
Note 7 - Accrued Liabilities
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

7.         Accrued Liabilities

 

Accrued liabilities as of March 31, 2025 and December 31, 2024 consisted of the following:

 

   

March 31, 2025

   

December 31, 2024

 

Salaries, benefits and related expenses

  $ 1,449     $ 1,684  

Device warranty

    498       474  

Stock liability

    883        

Other

    136       194  

Total

  $ 2,966     $ 2,352  

 

Warranty

 

Sales of devices generally include an initial warranty for parts and services for one year in the Americas, two years in EMEA, and one to three years in APAC. Warranty costs are reflected in the condensed consolidated statements of operations and comprehensive loss as a component of costs of revenue. The current portion of the device warranty liability is classified as a component of Accrued liabilities, while the long-term portion of the device warranty liability is classified as a component of Other non-current liabilities in the condensed consolidated balance sheets. A reconciliation of the changes in the device warranty liability for the three months ended March 31, 2025 is as follows:

 

   

Three Months Ended

 
   

March 31, 2025

 

Balance as of December 31, 2024

  $ 655  

Additions for estimated future expense

    166  

Incurred costs

    (159 )

Balance as of March 31, 2025

  $ 662  

 

   

Balance as of March 31, 2025

 

Current portion

  $ 498  

Long-term portion

    164  

Total

  $ 662