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)
 3 Months Ended
Mar. 31, 2014
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

March 31,
2014

 

December 31,
2013

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

Finished goods

 

$

2,215,469

 

$

2,131,336

 

 

 

 

 

 

 

Work in process

 

222,760

 

235,966

 

 

 

 

 

 

 

Raw materials

 

1,027,870

 

1,031,136

 

 

 

 

 

 

 

 

 

$

3,466,099

 

$

3,398,438

 
Schedule of weighted-average assumptions for options granted

 

 

Three months ended March 31,

 

2014

 

2013

 

Expected term (in years)

 

4.0

 

4.0

 

 

 

 

 

 

 

Expected volatility

 

81.26

%

84.90

%

 

 

 

 

 

 

Risk free rate

 

1.12

%

0.56

%

 

 

 

 

 

 

Expected dividends

 

0.0

%

0.0

%