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)

9 Months Ended

Sep. 30, 2015

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

	September 30,		December 31,
	2015		2014
Payroll and benefits	$	2,381	$	1,905
Warranty accrual, current portion		1,276		930
Taxes		378		139
Accrued professional services		1,508		1,581
Accrued capital lease payments		142		—
Accrued insurance premium		—		450
Other		217		183
Total accrued liabilities	$	5,902	$	5,188

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 nine months ended September 30, 2015 and 2014 were as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Initial warranty accrual, beginning balance	$	1,997		$	1,255		$	1,449		$	1,096
Provision for estimated warranty cost		608			310			1,604			919
Warranty expenditures		(270	)		(199	)		(718	)		(649	)
		2,335			1,366			2,335			1,366
Less warranty accrual, long-term		1,059			367			1,059			367
Total warranty accrual, current portion	$	1,276		$	999		$	1,276		$	999

Components of Current Portion of Deferred Revenue

Current portion of deferred revenue is comprised of the following (in thousands):

	September 30,		December 31,
	2015		2014
Undelivered elements (training, installation, and product and support services)	$	1,526	$	952
Extended warranty contracts		1,458		1,542
Deferred revenue, current portion	$	2,984	$	2,494