Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.7.0.1
Accrued Expenses
 12 Months Ended
Dec. 31, 2016
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accrued Expenses
Accrued Expenses
 
Accrued expenses consisted of the following:
 
 
 
December 31,
 
 
2016
 
2015
Accrued compensation
 
$
519,485

 
$
616,029

Warranty reserve
 
335,893

 
358,296

Other
 
293,751

 
265,768

 
 
$
1,149,129

 
$
1,240,093



 The changes in warranty reserve were as follows:
 
 
 
2016
 
2015
Balance, beginning of the year
 
$
358,296

 
$
143,364

Provisions for warranty and beta replacements
 
222,408

 
235,377

Warranty payments or beta replacements
 
(244,811
)
 
(20,445
)
Balance, end of the year
 
$
335,893

 
$
358,296