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Note 6 - Product Warranties
9 Months Ended
Sep. 30, 2023
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:

 

   

September 30,

 
   

2023

   

2022

 

Balance of beginning of year

  $ 1,973     $ 1,637  

Provision

    3,121       1,085  

Acquired

    -       645  

Claims

    (2,716 )     (1,238

)

Balance at end of period

  $ 2,378     $ 2,129