General form of registration statement for all companies including face-amount certificate companies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of Inventory

Inventory is stated at the lower of cost or net realizable value, determined on a first‑in, first‑out basis, and consists of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

    

September 30, 2020

    

December 31, 2019

    

Work in process

 

$

3,062

 

$

1,081

 

Finished goods

 

 

7,301

 

 

7,324

 

 

 

$

10,363

 

$

8,405

 

 

Inventory is stated at the lower of cost or net realizable value, determined on a first‑in, first‑out basis, and consists of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

Years Ended December 31, 

 

    

2019

    

2018

Work in process

 

$

1,081

 

$

2,741

Finished goods

 

 

7,324

 

 

1,241

 

 

$

8,405

 

$

3,982

 

Schedule of Accrued warranty

Accrued warranty at each balance sheet date consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

September 30, 2020

    

December 31, 2019

    

Warranty reserve, at the beginning of the year

 

$

1,491

 

$

116

 

Additions to warranty reserve

 

 

375

 

 

2,352

 

Claims fulfilled

 

 

(132)

 

 

(977)

 

Warranty reserve, at the end of the period

 

$

1,734

 

$

1,491

 

 

Accrued warranty consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

    

2019

    

2018

Warranty reserve, at the beginning of the year

 

$

116

 

$

 —

Additions to warranty reserve

 

 

2,352

 

 

116

Claims fulfilled

 

 

(977)

 

 

 —

Warranty reserve, at the end of the year

 

$

1,491

 

$

116