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Note 6 - Product Warranties
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Product Warranty Disclosure [Text Block]

NOTE 6 - PRODUCT WARRANTIES

 

A liability is established for estimated future warranty and service claims based on historical claims experience and specific product failures. The Company expenses warranty costs directly to Cost of products sold. Changes in the Company’s product warranties liability are:

 

   

June 30,

 
   

2022

   

2021

 

Balance at beginning of year

  $ 1,637     $ 1,361  

Provision

    593       886  

Acquired

    645       -  

Claims

    (665 )     (857 )

Balance at end of period

  $ 2,210     $ 1,390