Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.3.1.900
Accrued Expenses
12 Months Ended
Dec. 31, 2015
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,
 
 
 
2015
 
2014
 
Accrued compensation
 
$
616,029
 
$
548,953
 
Warranty reserve
 
 
358,296
 
 
143,364
 
Other
 
 
265,768
 
 
80,802
 
 
 
$
1,240,093
 
$
773,119
 
 
The changes in warranty reserve were as follows:
 
 
 
2015
 
2014
 
Balance, beginning of the year
 
$
143,364
 
$
113,078
 
Provisions for warranty and beta replacements
 
 
235,377
 
 
76,671
 
Warranty payments or beta replacements
 
 
(20,445)
 
 
(46,385)
 
Balance, end of the year
 
$
358,296
 
$
143,364