Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

    

 

 

2015

 

2014

 

 

 

 

 

 

 

Finished goods

 

$
2,732,823

 

$
2,072,235

 

Work in process

 

 
237,108

 

 
331,891

 

Raw materials

 

 
964,029

 

 
809,494

 

 

 

$
3,933,960

 

$
3,213,620

 

 

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

 

 

 

 

 

 

Year ended December 31,

    

2015

    

2014

    

 

 

 

 

Expected term (in years)

 
4

 
4

 

Expected volatility

 
69.08

%  
78.31

%

Risk free rate

 
1.40

%  
1.26

%

Expected dividends

 

 —

%  

 —

%