Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2014
Summary of Significant Accounting Policies  
Schedule of inventories

                                                                                                                                                                         

 

 

June 30,
2014

 

December 31,
2013

 

 

 

(unaudited)

 

 

 

Finished goods

 

$
2,143,696 

 

$
2,131,336 

 

Work in process

 
240,706 

 
235,966 

 

Raw materials

 
1,026,040 

 
1,031,136 

 

 

 

$
3,410,442 

 

$
3,398,438 

 

 

Schedule of weighted-average assumptions for options granted

 

Six months ended June 30,

 

2014
(unaudited)

 

2013
(unaudited)

 

Expected term (in years)

 
4.0 

 
4.0 

 

Expected volatility

 
79.80 

%
84.10 

%

Risk free rate

 
1.20 

%
0.60 

%

Expected dividends

 
0.0 

%
0.0 

%