Annual report pursuant to section 13 and 15(d)

Accrued Expenses

v2.4.0.8
Accrued Expenses
 12 Months Ended
Dec. 31, 2013
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]
Note 9 — Accrued Expenses
Accrued expenses consisted of the following:
 
 
 
December 31,
 
 
 
2013
 
2012
 
Accrued compensation
 
$
249,160
 
$
—
 
Warranty reserve
 
 
113,078
 
 
103,129
 
Accrued interest
 
 
—
 
 
65,041
 
Other
 
 
98,955
 
 
9,833
 
 
 
$
461,193
 
$
178,003
 
The changes in warranty reserve were as follows:
 
   
 
 
2013
 
2012
 
Balance, beginning of the year
 
$
103,129
 
$
123,979
 
Provisions for warranty and beta replacements
 
 
32,991
 
 
18,900
 
Warranty payments or beta replacements
 
 
(23,042)
 
 
(39,750)
 
Balance, end of the year
 
$
113,078
 
$
103,129