BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities and Deferred Revenue (Tables)

Accrued Liabilities and Deferred Revenue (Tables)

6 Months Ended

Jun. 30, 2013

Accrued liabilities are comprised of the following (in thousands):

	June 30, 2013		December 31, 2012
Payroll and benefits	$	1,841	$	2,326
Warranty accrual		1,518		1,699
Sales tax		384		640
Accrued professional services		740		502
Accrued insurance premium		141		751
Other		460		349
Accrued liabilities	$	5,084	$	6,267

Changes in Initial Product Warranty Accrual and Expenses Under Initial and Extended Warranties

Changes in the initial product warranty accrual, and the expenses incurred under the Company’s initial and extended warranties, for the three and six months ended June 30, 2013 and 2012 were as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Initial warranty accrual, beginning balance	$	1,755		$	1,926		$	1,699		$	2,218
Provision for estimated warranty cost		379			661			1,029			783
Warranty expenditures		(616	)		(607	)		(1,210	)		(1,021	)
Initial warranty accrual, ending balance		1,518			1,980			1,518			1,980
Total warranty accrual, long-term		—			—			—			—
Total warranty accrual, current portion	$	1,518		$	1,980		$	1,518		$	1,980

Summary of Deferred Revenue

Deferred revenue is comprised of the following (in thousands):

	June 30, 2013			December 31, 2012
Undelivered elements (training, installation and product and support services)	$	1,671		$	1,723
Extended warranty contracts		1,454			1,506
Total deferred revenue		3,125			3,229
Less long-term amounts:
Extended warranty contracts		(2	)		(3	)
Total deferred revenue, long-term		(2	)		(3	)
Total deferred revenue, current portion	$	3,123		$	3,226