Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.19.1
Accrued Expenses (Tables)
3 Months Ended
Mar. 31, 2019
Payables and Accruals [Abstract]  
Components of Accrued Expenses
Accrued expenses consisted of the following:
 
 
 
March 31,
 
 
December 31,
 
 
 
2019
 
 
2018
 
 
 
 
 
 
 
 
Accrued Wages and Related Costs
 
$
281,286
 
 
$
461,619
 
Accrued Professional Services
 
 
123,967
 
 
 
138,438
 
Accrued Warranty Obligations
 
 
241,530
 
 
 
218,047
 
Other Accrued Expenses
 
 
296,227
 
 
 
795,974
 
 
 
 
 
 
 
 
 
 
Total
 
$
943,010
 
 
$
1,614,078
 
Changes in Accrued Warranty Obligations
The changes in the Company’s accrued warranty obligations for the three months ended March 31, 2019 and the balance as of December 31, 2018 were as follows:
 
Accrued Warranty Obligation at December 31, 2018
 
$
218,047
 
Reductions for Settling Warranties
 
 
(62,394
)
Warranties Issued During Period
 
 
85,877
 
 
 
 
 
 
Accrued Warranty Obligations at March 31, 2019
 
$
241,530