Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.10.0.1
Accrued Expenses (Tables)
9 Months Ended
Sep. 30, 2018
Payables and Accruals [Abstract]  
Components of Accrued Expenses
Accrued expenses consisted of the following:
 
 
 
September 30,
 
 
December 31,
 
 
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Accrued Wages and Related Costs
 
$
628,130
 
 
$
163,305
 
Accrued Officer Compensation
 
 
-
 
 
 
327,469
 
Accrued Professional Services
 
 
226,348
 
 
 
531,728
 
Accrued Warranty Obligations
 
 
280,852
 
 
 
167,503
 
Accrued Interest
 
 
86,457
 
 
 
171,435
 
Other Accrued Expenses
 
 
20,833
 
 
 
28,331
 
 
 
 
 
 
 
 
 
 
Total
 
$
1,242,620
 
 
$
1,389,771
 
Changes in Accrued Warranty Obligations The changes in the Company’s accrued warranty obligations for the nine months ended September 30, 2018 and the balance as of December 31, 2017 were as follows:
 
Accrued Warranty Obligation at December 31, 2017
 
$
167,503
 
Reductions for Settling Warranties
 
 
(259,905
)
Warranties Issued During Period
 
 
373,254
 
 
 
 
 
 
Accrued Warranty Obligations at September 30, 2018
 
$
280,852