Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.1.9
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

December 31,
2014

 

December 31,
2013

 

Finished goods

 

$
2,072,235 

 

$
2,131,336 

 

Work in process

 
331,891 

 
235,966 

 

Raw materials

 
809,494 

 
1,031,136 

 

 

 

$
3,213,620 

 

$
3,398,438 

 

 

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,

 

2014

 

2013

 

Expected term (in years)

 
4.0 

 
4.0 

 

Expected volatility

 
78.31 

%
83.15 

%

Risk free rate

 
1.26 

%
0.79 

%

Expected dividends

 
0.0 

%
0.0 

%