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)
 9 Months Ended
Sep. 30, 2014
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

September 30,
2014

 

December 31,
2013

 

 

 

(unaudited)

 

 

 

Finished goods

 

$
2,116,046 

 

$
2,131,336 

 

Work in process

 
221,362 

 
235,966 

 

Raw materials

 
1,008,707 

 
1,031,136 

 

 

 

$
3,346,115 

 

$
3,398,438 

 

 

Schedule of weighted-average assumptions for options granted

 

Nine months ended September 30,

 

2014
(unaudited)

 

2013
(unaudited)

 

Expected term (in years)

 
4.0 

 
4.0 

 

Expected volatility

 
79.76 

%
83.27 

%

Risk free rate

 
1.23 

%
0.71 

%

Expected dividends

 
0.0 

%
0.0 

%