Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

    

 

 

2016

 

2015

 

 

 

 

 

 

 

Finished goods

 

$
3,183,263

 

$
2,732,823

 

Work in process

 

 
252,354

 

 
237,108

 

Raw materials

 

 
1,080,323

 

 
964,029

 

 

 

$
4,515,940

 

$
3,933,960

 

 

Schedule of weighted-average assumptions for options granted

 

 

 

 

 

 

Three months ended March 31,

    

2016

    

2015

    

 

 

 

 

Expected term (in years)

 
4

 
4

 

Expected volatility

 
62.00

%  
76.32

%

Risk free rate

 
1.24

%  
1.28

%

Expected dividends

 

 —

%  

 —

%