Quarterly report pursuant to Section 13 or 15(d)

Accrued and Other Current Liabilities (Tables)

v3.22.2.2
Accrued and Other Current Liabilities (Tables)
9 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities
Accrued and other current liabilities consisted of the following:

September 30, 2022 December 31, 2021
Accrued commissions $ 750,000  $ 4,000,000 
Compensation and related costs 4,367,022  4,030,085 
Accrued interest —  232,222 
Legal reserve (Note 15) 35,000,000  — 
Sales returns and allowances —  2,410,000 
Other 4,708,947  4,080,520 
Total accrued and other current liabilities $ 44,825,969  $ 14,752,827 
Schedule of Product Warranty Liability Warranty liability activity consisted of the following for the periods indicated:
Three Months Ended September 30, Nine Months Ended
 September 30,
2022 2021 2022 2021
Warranty liability, beginning of period $ 3,322,212  $ 4,866,213  $ 4,583,916  $ 5,400,000 
Warranty costs incurred (387,584) (379,215) (1,086,542) (1,113,002)
Provision for warranty 404,856  405,000  (157,890) 605,000 
Warranty liability, end of period $ 3,339,484  $ 4,891,998  $ 3,339,484  $ 4,891,998