Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

December 31,
2013

 

December 31,
2012

 

Finished goods

 

$

2,131,336

 

$

2,143,176

 

Work in process

 

235,966

 

145,156

 

Raw materials

 

1,031,136

 

862,777

 

 

 

$

3,398,438

 

$

3,151,109

 

Depreciation and amortization estimated useful life

 

 

Furniture and equipment

 

2-5 years

 

Leasehold improvements

 

5 years (or lease term if less)

 

Processing equipment

 

5-7 years

 

Schedule of weighted-average assumptions for options granted

 

 

Years ended December 31,

 

2013

 

2012

 

Expected term (in years)

 

4.0

 

4.0

 

Expected volatility

 

83.15

%

117.2

%

Risk free rate

 

0.79

%

0.61

%

Expected dividends

 

0.0

%

0.0

%