Quarterly report pursuant to sections 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2014
Changes in Warranty Liability

Changes in the Company’s warranty liability for the three months ended March 31, 2014, and 2013 are as follows:

 

(in thousands)

    2014     2013  

Warranty liability, January 1

    $ 597      $ 346   

Provisions for current year sales

      46        119   

Current period claims

      (71 )      (40 ) 
  

 

 

    

 

 

  

Warranty liability, March 31

    $ 572      $ 425   
  

 

 

    

 

 

  
Summary of Changes in Allowance for Doubtful Accounts

The following summarizes the changes in the allowance for doubtful accounts for the periods indicated.

 

(in thousands)

    2014     2013  

Allowance for doubtful accounts, January 1

    $ 210      $ 57   

Additions

      29        —     

Write-offs

      (4 )      —     
  

 

 

    

 

 

  

Allowance for doubtful accounts, March 31

    $ 235      $ 57   
  

 

 

    

 

 

  
Estimated Useful Lives of Property and Equipment

The estimated useful lives of property and equipment are as follows:

 

    Estimated useful lives

Machinery and equipment

   3-7 years

Furniture and fixtures

   5-7 years

Computers and software

   3-7 years

Motor vehicles

   5 years

Leasehold improvements

   Lesser of lease term or estimated useful life