Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.5.0.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2016
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

June 30,

    

December 31,

    

 

 

2016

 

2015

 

 

 

 

 

 

 

Finished goods

 

$
3,243,883

 

$
2,732,823

 

Work in process

 

 
187,177

 

 
237,108

 

Raw materials

 

 
1,355,262

 

 
964,029

 

 

 

$
4,786,322

 

$
3,933,960

 

 

Schedule of weighted-average assumptions for options granted

 

 

 

 

 

 

Six months ended June 30,

    

2016

    

2015

    

 

 

 

 

Expected term (in years)

 
4

 
4

 

Expected volatility

 
61.85

%  
76.24

%

Risk free rate

 
1.23

%  
1.21

%

Expected dividends

 

 —

%  

 —

%