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Note 9 - Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2020
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] |
9. | COMMITMENTS AND CONTINGENCIES
a. Purchase Commitments As of June 30, 2020, we have made commitments to purchase approximately $1,322 of production machinery and equipment. b. Product Warranties We estimate future warranty costs to be incurred for product failure rates, material usage and service costs in the development of our warranty obligations. Estimated future costs are based on actual past experience and are generally estimated as a percentage of sales over the warranty period. Changes in our product warranty liability during the first six months of 2020 and 2019 were as follows:
|  | Six-m onth p eriod e nded June 30, |
|  | 20 20 |  |  | 201 9 |
Accrued warranty obligations – beginning |  | $ | 195 |  |  | $ | 95 |
Assumed warranty obligations |  |  | - |  |  |  | 145 |
Accruals for warranties issued |  |  | 59 |  |  |  | 18 |
Settlements made |  |  | (26 | ) |  |  | (22 | )
Accrued warranty obligations – ending |  | $ | 228 |  |  | $ | 236 |
c. Contingencies and Legal Matters We are subject to legal proceedings and claims that arise from time to time in the normal course of business. We believe that the final disposition of any such matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, recognizing that legal matters are subject to inherent uncertainties, there exists the possibility that ultimate resolution of these matters could have a material adverse impact on the Company’s financial position, results of operations or cash flows. We are not aware of any such situations that are reasonably possible at this time.

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