Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.2.0.727
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2015
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

June 30,

    

December 31,

    

 

 

2015

 

2014

 

Finished goods

 

$
2,403,791

 

$
2,072,235

 

Work in process

 

 
240,054

 

 
331,891

 

Raw materials

 

 
896,112

 

 
809,494

 

 

 

$
3,539,957

 

$
3,213,620

 

 

Schedule of weighted-average assumptions for options granted

 

 

 

 

 

 

Six months ended June 30,

    

2015

    

2014

    

Expected term (in years)

 
4

 
4

 

Expected volatility

 
76.24

%  
79.80

%

Risk free rate

 
1.21

%  
1.20

%

Expected dividends

 

 —

%  

 —

%