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ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9 Months Ended

Sep. 30, 2023

NOTE 14 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following:

	December 31,		September 30,
	2022		2023
			(unaudited)
Accounts payable	$	14,751	$	16,547
Accrued warranty		1,897		2,446
Accrued compensation		7,153		6,532
Government authorities		1,992		2,054
Other current liabilities		805		530

Accounts payable and accrued expenses	$	26,598	$	28,109

The Company’s products are warranted against defects in materials and workmanship for a period of one to eight years from the date of acceptance of the product by the customer. The customers may purchase an extended warranty providing coverage up to a maximum of 60 months. A provision for estimated future warranty costs is recorded for expected or historical warranty matters related to equipment shipped and is included in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets as of December 31, 2022 and September 30, 2023.

The following table summarizes warranty activity for the nine-month periods ended September 30, 2022 and 2023:

SCHEDULE OF PRODUCT WARRANTY LIABILITY

	Nine Months Ended September 30,
	2022			2023
				(unaudited)
Accrued warranty reserve, beginning of year	$	1,333		$	2,054
Accrual for product warranties issued		998			1,098
Product replacements and other warranty expenditures		(373	)		(370	)
Expiration of warranties		(83	)		(168	)

Accrued warranty reserve, end of period (1)	$	1,875		$	2,614

(1)	Includes non-current accrued warranty included in other long-term liabilities at September 30, 2022 and September 30, 2023 of $167 and $168, respectively.