Annual report pursuant to Section 13 and 15(d)

Accrued Expenses (Tables)

v3.19.1
Accrued Expenses (Tables)
12 Months Ended
Dec. 31, 2018
Payables and Accruals [Abstract]  
Components of Accrued Expenses
Accrued expenses consisted of the following: 
 
 
 
December 31,

2018
 
 
December 31,

2017
 
Accrued Wages and Related Costs
 
$
461,619
 
 
$
163,305
 
Accrued Compensation
 
 
 
 
 
327,469
 
Accrued Professional Services
 
 
138,438
 
 
 
531,728
 
Accrued Warranty Obligations
 
 
218,047
 
 
 
167,503
 
Accrued Interest
 
 
 
 
 
171,435
 
Other Accrued Expenses
 
 
795,974
 
 
 
28,331
 
 
 
 
 
 
 
 
 
 
Total
 
$
1,614,078
 
 
$
1,389,771
 
Changes in Accrued Warranty Obligations
The changes in the Company’s accrued warranty obligations for the years ended December 31, 2018, 2017 and 2016 were as follows:
 
Accrued Warranty Obligations at December 31, 2015
 
$
64,002
 
Reductions for Settling Warranties
 
 
(103,265
)
Warranty Issued During Year
 
 
80,395
 
Accrued Warranty Obligations at December 31, 2016
 
 
41,132
 
 
 
 
 
 
Reductions for Settling Warranties
 
 
(157,035
)
Warranty Issued During Year
 
 
283,406
 
Accrued Warranty Obligations at December 31, 2017
 
 
167,503
 
 
 
 
 
 
Reductions for Settling Warranties
 
 
(257,173
)
Warranty Issued During Year
 
 
307,717
 
Accrued Warranty Obligations at December 31, 2018
 
$
218,047