v3.26.1
ACCRUED LIABILITIES
6 Months Ended
Jun. 30, 2026
ACCRUED LIABILITIES  
OTHER ACCRUED LIABILITIES

NOTE 4 – ACCRUED LIABILITIES

 

Other accrued liabilities consisted of the following components:

 

 

 

June 30,

2026

 

 

December 31,

2025

 

 (in thousands)

 

 

 

 

 

 

 Lease liability - short term

 

$698

 

 

$690

 

 Product warranty

 

 

515

 

 

 

517

 

 Sales return reserve

 

 

32

 

 

 

32

 

 Other taxes

 

 

78

 

 

 

60

 

 Severance accrual

 

 

649

 

 

 

-

 

 Interest payable, net

 

 

 10

 

 

 

 -

 

 Other

 

 

122

 

 

 

29

 

 Other accrued liabilities

 

$2,104

 

 

$1,328

 

 

During the three months ended June 30, 2026, the Company recorded approximately $0.3 million of employee-related costs associated with a workforce reduction in operations. During the six months ended June 30, 2026, the Company recorded approximately $1.3 million of such costs.

 

As of June 30, 2026, accrued liabilities related to these termination benefits were approximately $649,000, which are expected to be paid within the next twelve months.

 

The changes in our product warranty liability at June 30, 2026 and year ended December 31, 2025 are as follows:

 

 

 

June 30,

2026

 

 

December 31,

2025

 

(in thousands)

 

 

 

 

 

 

Product warranty liability, beginning balance

 

$517

 

 

$350

 

Net expenses

 

 

785

 

 

 

576

 

Warranty claims

 

 

(785)

 

 

(576)

Accrual revisions

 

 

(2)

 

 

167

 

Product warranty liability, ending balance

 

$515

 

 

$517