Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v2.4.1.9
Accrued Expenses
 12 Months Ended
Dec. 31, 2014
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]
Note 8 — Accrued Expenses
 
Accrued expenses consisted of the following:
 
 
December 31,
2014
2013
Accrued compensation
$
548,953
$
249,160
Warranty reserve
143,364
113,078
Other
80,802
98,955
$
773,119
$
461,193
The changes in warranty reserve were as follows:
 
 
2014
2013
Balance, beginning of the year
$
113,078
$
103,129
Provisions for warranty and beta replacements
76,671
32,991
Warranty payments or beta replacements
(46,385
)
(23,042
)
Balance, end of the year
$
143,364
$
113,078