Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.7.0.1
Accrued Expenses (Tables)
3 Months Ended
Mar. 31, 2017
Payables and Accruals [Abstract]  
Components of Accrued Expenses
Accrued expenses consisted of the following:
 
 
 
March 31, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
 
Accrued Wages and Related Costs
 
$
136,988
 
$
119,472
 
Accrued Compensation
 
 
623,609
 
 
648,720
 
Accrued Professional Services
 
 
157,885
 
 
137,099
 
Accrued Warranty Obligations
 
 
54,592
 
 
41,132
 
Accrued Interest
 
 
262,899
 
 
375,560
 
Other Accrued Expenses
 
 
10,000
 
 
10,000
 
 
 
 
 
 
 
 
 
Total
 
$
1,245,973
 
$
1,331,983
 
Changes in Accrued Warranty Obligations
The changes in the Company’s accrued warranty obligations for the quarter ended March 31, 2017 and December 31, 2016 were as follows:
 
Accrued Warranty Obligations at December 31, 2016
 
$
41,132
 
Reductions for Settling Warranties
 
 
(24,188)
 
Warranties Issued During Period
 
 
37,648
 
 
 
 
 
 
Accrued Warranty Obligations at March 31, 2017
 
$
54,592