Note 13 - Consolidated Balance Sheet Detail

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

13. Consolidated balance sheet detail

Property and equipment

Property and equipment consist of the following as of December 31, 2021 and 2020:

(In thousands)	2021			2020
Property and equipment
Leasehold improvements	$	3,840		$	2,393
Furniture and computer equipment		1,861			902
Manufacturing and other equipment		16,675			10,076
Construction in-progress		2,022			591
Subtotal		24,398			13,962
Less: Accumulated depreciation		(6,741	)		(3,842	)
Net property and equipment	$	17,657		$	10,120

Depreciation expense for property and equipment was $2.9 million, $1.4 million, and $544,000 for the years ended December 31, 2021, 2020, and 2019, respectively.

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consist of the following as of December 31, 2021 and 2020:

(In thousands)	2021		2020
Accrued expenses	$	1,656	$	472
Accrued taxes		27		112
Accrued compensation		4,351		2,898
Deferred revenue, current		814		931
Other		294		130
Total accrued expenses and other current liabilities	$	7,142	$	4,543

Warranty reserve liability

We reserve estimated exposures on known claims, as well as on a portion of anticipated claims, for product warranty and rework cost, based on historical product liability claims. Claim costs are deducted from the accrual when paid. Factors that could have an impact on the warranty accrual in any given period include the following: changes in manufacturing quality, changes in product costs, changes in product mix and any significant changes in sales volume.

A rollforward of our warranty liability is as follows:

(In thousands)	2021			2020
Beginning balance	$	212		$	191
Warranty reserve acquired in the acquisition of Global Cooling		3,353			-
Provision for warranties		9,845			137
Settlements of warranty claims		(4,012	)		(116	)
Ending Balance	$	9,398		$	212