Desktop Metal, Inc. Quarterly report pursuant to Section 13 or 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2022

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


	September 30,		December 31,
	2022		2021
Compensation and benefits related	$	11,429	$	17,124
Professional services		1,853		2,659
Warranty reserve		3,723		4,048
Franchise and royalty fees		1,308		2,035
Current portion of contingent consideration		2,812		1,471
2027 Notes Interest		2,686		—
Inventory purchases		1,686		1,072
Commissions		824		849
Income tax payable		285		233
Sales and use and franchise taxes		310		274
Current portion of acquisition consideration		500		—
Other		4,014		4,064
Total accrued expenses and other current liabilities	$	31,430	$	33,829

Warranty reserve consisted of the following (in thousands):


	September 30,		December 31,
	2022		2021
Warranty reserve, at the beginning of the period	$	4,048	$	1,553
Warranty reserve assumed in acquisition		—		1,389
Additions to warranty reserve		2,444		2,576
Claims fulfilled		(2,769)		(1,470)
Warranty reserve, at the end of the period	$	3,723	$	4,048