| ACCOUNTS PAYABLE AND ACCRUED EXPENSES |
NOTE
12 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts
payable and accrued expenses consist of the following:
SCHEDULE
OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
| | |
December 31, | | |
December 31, | | |
March 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| | |
| | |
| | |
| |
| Accounts payable | |
$ | 14,702 | | |
$ | 19,235 | | |
$ | 20,025 | |
| Accrued warranty | |
| 745 | | |
| 965 | | |
| 1,138 | |
| Accrued compensation | |
| 7,153 | | |
| 6,721 | | |
| 8,956 | |
| Government authorities | |
| 1,992 | | |
| 2,796 | | |
| 3,062 | |
| Other current liabilities | |
| 805 | | |
| 579 | | |
| 827 | |
| | |
| | | |
| | | |
| | |
| Accounts payable and accrued expenses | |
$ | 25,397 | | |
$ | 30,296 | | |
$ | 34,008 | |
The
following table summarizes warranty activity during the years ended December 31, 2022 and 2023 and March 31, 2024:
SCHEDULE
OF PRODUCT WARRANTY LIABILITY
| | |
Year Ended December 31, | | |
Three Months Ended
March 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| | |
| | |
| | |
| |
| Accrued warranty reserve, beginning of year | |
$ | 1,333 | | |
$ | 2,054 | | |
$ | 2,653 | |
| Accrual for product warranties issued | |
| 1,103 | | |
| 1,238 | | |
| 441 | |
| Product replacements and other warranty expenditures | |
| (481 | ) | |
| (503 | ) | |
| (165 | ) |
| Expiration of warranties | |
| 99 | | |
| (136 | ) | |
| (3 | ) |
| | |
| | | |
| | | |
| | |
| Accrued warranty reserve, end of year (a) | |
$ | 2,054 | | |
$ | 2,653 | | |
$ | 2,926 | |
| (a) |
Includes
accrued warranty included in other long-term liabilities at December 31, 2022 and 2023, and March 31, 2024 of $1,309,
$1,688
and
$1,788,
respectively. |
|