Desktop Metal, Inc. Registration of securities issued in business combination transactions

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

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


	June 30,		December 31,
	2021		2020
Professional services	$	3,897	$	2,508
Compensation and benefits related		7,359		2,068
Warranty reserve		2,030		1,553
Inventory purchases		1,506		86
Income tax payable		1,331		—
Sales and use and franchise taxes		224		586
Franchise and royalty fees		227		159
Goods received payable		1,201		—
Other		3,193		605
Total accrued expenses and other current liabilities	$	20,968	$	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

Warranty reserve consisted of the following (in thousands):


	2021		2020
Warranty reserve, at the beginning of the period	$	1,553	$	1,491
Warranty reserve assumed in acquisition		316		—
Additions to warranty reserve		797		346
Claims fulfilled		(636)		(284)
Warranty reserve, at the end of the period	$	2,030	$	1,553