XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
ACCRUED EXPENSES
 3 Months Ended
Mar. 31, 2024
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

 

7. ACCRUED EXPENSES

 

The major components of accrued expenses are summarized as follows (in thousands): 

          
   March 31,   December 31, 
   2024   2023 
         
Accrued Expenses:          
Accrued vacation  $255   $246 
Accrued salaries and bonus   1,382    1,086 
Vendor accruals   75    50 
Accrued warranty   19    27 
Customer prepayments   950    – 
Other accrued expense   1,132    1,328 
Total accrued expenses  $3,813   $2,737 
           
Other Long-Term Liabilities:          
Long-term deferred tax liability  $1,662   $1,698 
Acquired long-term liability   3,716    3,787 
Total long-term liabilities  $5,378   $5,485 

 

Acquired long-term liability of $3.8 million consists of a restructuring debt settlement from the acquisition of Amiga. The debt restructuring was entered into in 2021 for a nine year term with six years and nine months remaining at March 31, 2024. Payments are due quarterly as a percent of the remaining balance due.