Desktop Metal, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2022

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):


		December 31,
		2022			2021
Compensation and benefits related		$	8,058		$	17,124
Warranty reserve			4,301			4,048
Current portion of contingent consideration			2,587			1,471
Current portion of acquisition consideration			1,750			—
Franchise and royalty fees			1,448			2,035
Inventory purchases			925			1,072
Professional services			917			2,659
2027 Notes Interest			901			—
Commissions			897			849
Income tax payable			761			233
Sales and use and franchise taxes			286			274
Other			3,892			4,064
Total accrued expenses and other current liabilities		$	26,723		$	33,829

Warranty reserve


		Years Ended December 31,
		2022			2021			2020
Warranty reserve, at the beginning of the period		$	4,048		$	1,553		$	1,491
Warranty reserve assumed in acquisition			—			1,389			—
Additions to warranty reserve			4,484			2,576			346
Claims fulfilled			(4,231)			(1,470)			(284)
Warranty reserve, at the end of the period		$	4,301		$	4,048		$	1,553