Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.24.0.1
Accrued Expenses
12 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
Accrued Expenses

Note 8. Accrued Expenses

The following table summarizes the Company’s components of accrued expenses:

(in thousands)

 

December 31,
2023

 

 

December 31,
2022

 

Warranty reserve

 

 

886

 

 

$

620

 

Compensation, benefits, and expenses

 

 

4,213

 

 

 

4,451

 

Professional services

 

 

2,540

 

 

 

3,166

 

Marketing and advertising

 

 

325

 

 

 

279

 

Teton acquisition holdback liability

 

 

 

 

 

250

 

Accrued taxes

 

 

252

 

 

 

392

 

Accrued freight and duties

 

 

594

 

 

 

372

 

Purchase commitment

 

 

700

 

 

 

 

Other

 

 

330

 

 

 

133

 

Total accrued expense

 

$

9,840

 

 

$

9,663