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ACCRUED EXPENSES
6 Months Ended
Jun. 30, 2024
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

 

7. ACCRUED EXPENSES

 

The major components of accrued expenses are summarized as follows (in thousands):

        
   June 30,   December 31, 
   2024   2023 
         
Accrued Expenses:          
Accrued vacation  $290   $246 
Accrued salaries and bonus   2,055    1,086 
Vendor accruals   118    50 
Accrued warranty   10    27 
Other accrued expense   1,966    1,328 
Total accrued expenses  $4,439   $2,737 
           
Other Long-Term Liabilities:          
Long-term deferred tax liability  $1,652   $1,698 
Acquired long-term liability   3,689    3,787 
Total long-term liabilities  $5,341   $5,485 

 

Acquired long-term liability of $3.7 million consists of a restructuring debt settlement from the acquisition of Amiga. The debt restructuring was entered into in 2021 for a nine-year term with six years and six months remaining at June 30, 2024. Payments are due quarterly as a percent of the remaining balance due and carry no interest.