Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.5.0.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

June 30,

    

December 31,

    

 

 

2016

 

2015

 

 

 

 

 

 

 

Finished goods

 

$

3,243,883

 

$

2,732,823

 

Work in process

 

 

187,177

 

 

237,108

 

Raw materials

 

 

1,355,262

 

 

964,029

 

 

 

$

4,786,322

 

$

3,933,960

 

 

Schedule of weighted-average assumptions for options granted

 

 

 

 

 

 

Six months ended June 30,

    

2016

    

2015

    

 

 

 

 

Expected term (in years)

 

4

 

4

 

Expected volatility

 

61.85

%  

76.24

%

Risk free rate

 

1.23

%  

1.21

%

Expected dividends

 

 —

%  

 —

%