| ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
| 9. |
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
Accrued expenses and other current liabilities consist of the following (in thousands):
| Schedule of other accrued expenses |
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Payroll and related benefits and taxes |
|
$ |
8,312 |
|
|
$ |
7,258 |
|
| Fair value of embedded derivatives related to Convertible Debt |
|
|
5,353 |
|
|
|
- |
|
| Royalties |
|
|
3,610 |
|
|
|
2,870 |
|
| Loan success fee related to Convertible Debt |
|
|
2,858 |
|
|
|
- |
|
| Agent and sales commissions |
|
|
1,224 |
|
|
|
2,833 |
|
| Right-of-use lease liability, current portion |
|
|
2,923 |
|
|
|
2,599 |
|
| Tax liabilities |
|
|
1,301 |
|
|
|
1,611 |
|
| Product warranty liabilities |
|
|
1,478 |
|
|
|
1,285 |
|
| Product marketing |
|
|
376 |
|
|
|
752 |
|
| Manufacturing subcontractor costs |
|
|
1,787 |
|
|
|
2,165 |
|
| Legal and professional services |
|
|
1,282 |
|
|
|
2,275 |
|
| Other |
|
|
1,739 |
|
|
|
3,319 |
|
| Total accrued expenses and other current liabilities |
|
$ |
32,243 |
|
|
$ |
26,967 |
|
Warranty Liabilities
Information regarding the changes in the Company’s product warranty liabilities for the years ended December 31, 2022 and 2021 is as follows (in thousands):
| Schedule of product warranty liabilities |
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Balance, beginning of period |
|
$ |
1,285 |
|
|
$ |
1,019 |
|
| Accruals |
|
|
1,600 |
|
|
|
957 |
|
| Settlements |
|
|
(1,407 |
) |
|
|
(691 |
) |
| Balance, end of period |
|
$ |
1,478 |
|
|
$ |
1,285 |
|
|