Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.0.814
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2015
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

September 30,

    

December 31,

    

 

 

2015

 

2014

 

 

 

(unaudited)

 

 

 

Finished goods

 

$
2,573,348

 

$
2,072,235

 

Work in process

 

 
230,478

 

 
331,891

 

Raw materials

 

 
897,929

 

 
809,494

 

 

 

$
3,701,755

 

$
3,213,620

 

 

Schedule of weighted-average assumptions for options granted

 

 

 

 

 

 

Nine months ended September 30,

    

2015

    

2014

    

 

 

(unaudited)

(unaudited)

Expected term (in years)

 
4

 
4

 

Expected volatility

 
75.45

%  
79.76

%

Risk free rate

 
1.27

%  
1.23

%

Expected dividends

 

 —

%  

 —

%