Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.7.0.1
Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2017
Payables and Accruals [Abstract]  
Components of Accrued Expenses
Accrued expenses consisted of the following:
 
 
 
June 30, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
 
Accrued Wages and Related Costs
 
$
128,063
 
$
119,472
 
Accrued Compensation
 
 
523,802
 
 
648,720
 
Accrued Professional Services
 
 
155,746
 
 
137,099
 
Accrued Warranty Obligations
 
 
75,603
 
 
41,132
 
Accrued Interest
 
 
171,237
 
 
375,560
 
Other Accrued Expenses
 
 
10,000
 
 
10,000
 
 
 
 
 
 
 
 
 
Total
 
$
1,064,451
 
$
1,331,983
 
Changes in Accrued Warranty Obligations
The changes in the Company’s accrued warranty obligations for the six months ended June 30, 2017 and December 31, 2016 were as follows:
   
Accrued Warranty Obligations at December 31, 2016
 
$
41,132
 
Reductions for Settling Warranties
 
 
(57,718)
 
Warranties Issued During Period
 
 
92,189
 
 
 
 
 
 
Accrued Warranty Obligations at June 30, 2017
 
$
75,603