Desktop Metal, Inc. General form of registration statement for all companies including face-amount certificate companies

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

The following table summarizes the Company’s components of accrued expenses and other current liabilities (in thousands):


	March 31,		December 31,
	2021		2020
Professional services	$	3,519	$	2,508
Compensation and benefits related		3,516		2,068
Warranty reserve		1,813		1,553
Inventory purchases		1,716		86
Income tax payable		1,405		—
Customer payable		605		—
Sales and use and franchise taxes		506		586
Franchise and royalty fees		188		159
Other		2,056		605
Total accrued expenses and other current liabilities	$	15,324	$	7,565

The following table summarizes the Company’s components of accrued expenses and other current liabilities (in thousands):


	December 31,
	2020		2019
Professional services	$	2,508	$	780
Compensation and benefits related		2,068		897
Warranty reserve		1,553		1,491
Sales and use and franchise taxes		586		578
Franchise and royalty fees		159		—
Inventory purchases		86		620
Other		605		687
Total accrued expenses and other current liabilities	$	7,565	$	5,053


	2021		2020
Warranty reserve, at the beginning of the period	$	1,553	$	1,491
Warranty reserve assumed in acquisition		326		—
Additions to warranty reserve		86		346
Claims fulfilled		(152)		(284)
Warranty reserve, at the end of the period	$	1,813	$	1,553