Quarterly report pursuant to Section 13 or 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

v3.21.2
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2021
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES  
Schedule of Accrued Expenses and Other Current Liabilities

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

    

September 30, 

December 31, 

    

2021

2020

Compensation and benefits related

$

9,689

$

2,068

Professional services

2,039

2,508

Warranty reserve

2,435

1,553

Contingent consideration

1,390

Acquisition consideration

750

Inventory purchases

 

352

 

86

Franchise and royalty fees

264

159

Sales and use and franchise taxes

215

586

Income tax payable

71

Other

 

3,481

 

605

Total accrued expenses and other current liabilities

$

20,686

$

7,565

Warranty Reserve Rollforward 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

490

Additions to warranty reserve

 

1,390

 

346

Claims fulfilled

 

(998)

 

(284)

Warranty reserve, at the end of the period

$

2,435

$

1,553