Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.1.9
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2015
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

March 31,
2015

 

December 31,
2014

 

 

 

(unaudited)

 

 

 

Finished goods

 

$
2,188,691 

 

$
2,072,235 

 

Work in process

 
272,470 

 
331,891 

 

Raw materials

 
876,737 

 
809,494 

 

 

 

$
3,337,898 

 

$
3,213,620 

 

 

 

Schedule of weighted-average assumptions for options granted

 

 

Three months ended March 31,

 

2015

 

2014

 

Expected term (in years)

 
4.0 

 
4.0 

 

Expected volatility

 
76.32 

%
81.26 

%

Risk free rate

 
1.28 

%
1.12 

%

Expected dividends

 
0.0 

%
0.0 

%