Quarterly report pursuant to Section 13 or 15(d)

Accrued Warranty

v3.20.2
Accrued Warranty
9 Months Ended
Sep. 30, 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 Nine Months Ended

September 30, 2020

 

 

Year Ended December 31, 2019

 

Balance at beginning of period

 

$

338

 

 

$

112

 

Increase in warranty accrual

 

 

54

 

 

 

889

 

Change in liability for pre-existing warranties

 

 

 

 

 

(28

)

Claims satisfied

 

 

(165

)

 

 

(635

)

Accrued warranty

 

$

227

 

 

$

338

 

 

Warranty expense was $15,000 and $0.1 million for the three months ended September 30, 2020 and 2019, respectively and $54,000 and $0.9 million for the nine months ended September 30, 2020 and 2019, respectively. The accrued warranty balances at September 30, 2020 and December 31, 2019 include $0.1 million and $0.2 million, respectively, relating to the voluntary recall of catheters, which was initiated in September 2019. Warranty expense is included in cost of revenue in the accompanying condensed statements of operations.