Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.22.2
Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2022
Accrued Expenses  
Schedule of Accrued Expenses

Accrued expenses consisted of the following:

June 30, 

December 31, 

    

2022

    

2021

Accrued Wages and Related Costs

$

518,967

$

683,044

Accrued Professional Services

 

320,807

 

551,220

Accrued Warranty Obligations

 

178,229

 

185,044

Other Accrued Expenses

 

596,580

 

Total

$

1,614,583

$

1,419,308

Schedule of changes in accrued warranty obligations

The changes in the Company’s accrued warranty obligations for the six months ended June 30, 2022 were as follows:

Accrued Warranty Obligations at December 31, 2021

$

185,044

Reductions for Settling Warranties

 

(168,873)

Warranties Issued During Year

 

162,058

Accrued Warranty Obligations at June 30, 2022

$

178,229