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ACCRUED WARRANTY
 12 Months Ended
Dec. 31, 2023
ACCRUED WARRANTY  
ACCRUED WARRANTY

NOTE 15. ACCRUED WARRANTY

 

Our manufacturers assume the warranty against product defects from date of sale, which we extend to our customers upon sale of the product. We assume responsibility for product reliability and results. The warranty is generally limited to a refund of the original purchase price of the product or a replacement part. We estimate warranty costs based on historical warranty claim experience.

 

The following table presents warranty reserve activities at:

 

 

 

December 31, 2023

 

 

December 31, 2022

 

Beginning accrued warranty costs

 

$68,000

 

 

$68,000

 

Provision for warranty expense

 

 

26,911

 

 

 

24,158

 

Settlement of warranty claims

 

 

(64,911)

 

 

(24,158)

Ending accrued warranty costs

 

$30,000

 

 

$68,000