Quarterly report pursuant to Section 13 or 15(d)

Accrued Warranty

v3.20.1
Accrued Warranty
3 Months Ended
Mar. 31, 2020
Product Warranties Disclosures [Abstract]  
Accrued Warranty

Note 7—Accrued Warranty

Activity in the product warranty accrual is included in accrued expenses above and consists of the following (in thousands):

 

 

 

For the Three Months Ended

March 31, 2020

 

 

Year Ended December 31, 2019

 

Balance at beginning of period

 

$

338

 

 

$

112

 

Increase in warranty accrual

 

 

32

 

 

 

889

 

Change in liability for pre-existing warranties

 

 

 

 

 

(28

)

Claims satisfied

 

 

(68

)

 

 

(635

)

Accrued warranty

 

$

302

 

 

$

338

 

 

Warranty expense was $32,000 and $0.3 million for the three months ended March 31, 2020 and 2019, respectively. The accrued warranty balances at March 31, 2020 and December 31, 2019 each include $0.2 million relating to the voluntary recall of catheters, which occurred in September 2019. Warranty expense is included in cost of revenue in the accompanying condensed statements of operations.