Accrued Expenses

9 Months Ended

Sep. 30, 2019

Note 6 – Accrued Expenses

Accrued expenses consisted of the following:


	September 30,		December 31,
	2019		2018

Accrued Wages and Related Costs	$	305,543	$	461,619
Accrued Professional Services		183,143		138,438
Accrued Warranty Obligations		235,244		218,047
Other Accrued Expenses		154,360		795,974

Total	$	878,290	$	1,614,078

As of December 31, 2018, there was $750,000 in Other Accrued Expenses related to the TDG Amendment (see Note 5), which were paid in full during the first four months of 2019.

The Company has warranty obligations in connection with the sale of certain of its products. The warranty period for its products is generally twelve (12) months except in certain European countries where it can be twenty-four (24) months for some consumer-focused products. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. The Company estimates its future warranty costs based on product-based historical performance rates and related costs to repair.

The changes in the Company’s accrued warranty obligations for the nine months ended September 30, 2019 and the balance as of December 31, 2018 were as follows:


Accrued Warranty Obligation at December 31, 2018	$	218,047
Reductions for Settling Warranties		(161,120)
Warranties Issued During Period		178,317

Accrued Warranty Obligations at September 30, 2019	$	235,244