Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.5.0.2
Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2016
Payables and Accruals [Abstract]  
Components of Accrued Expenses
Accrued expenses consisted of the following:
 
 
 
June 30, 2016
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Accrued Wages and Related Costs
 
$
84,538
 
$
102,792
 
Accrued Compensation
 
 
358,719
 
 
358,719
 
Accrued Professional Services
 
 
79,208
 
 
89,000
 
Accrued Warranty Obligations
 
 
55,997
 
 
64,002
 
Accrued Interest
 
 
326,600
 
 
109,984
 
Other Accrued Expenses
 
 
10,000
 
 
10,000
 
 
 
 
 
 
 
 
 
Total
 
$
915,062
 
$
734,497
 
Changes in Accrued Warranty Obligations
The changes in the Company’s accrued warranty obligations for the six months ended June 30, 2016 were as follows:
 
Accrued Warranty Obligations at December 31, 2015
 
$
64,002
 
Reductions for Settling Warranties
 
 
(31,173)
 
Warranties Issued During Period
 
 
23,168
 
 
 
 
 
 
Accrued Warranty Obligations at June 30, 2016
 
$
55,997