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Organization and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2012
Organization and Summary of Significant Accounting Policies [Abstract]  
Composition of inventory

Inventories were comprised of the following at:

 

                 
    September 30,     December 31,  
    2012     2011  

Finished goods

  $ 1,002,100     $ 1,191,000  

Raw materials

    1,036,800       1,067,200  

Inventory reserve for obsolescence

    (129,600     (239,000
   

 

 

   

 

 

 
    $ 1,909,300     $ 2,019,200  
   

 

 

   

 

 

 
Weighted average fair market value of the options granted estimated on the date of grant assumptions

The weighted average fair market value of the options granted in the first nine months of 2012 was estimated on the date of grant, using a Black-Scholes option pricing model with the following assumptions:

 

         
    September 30, 2012   September 30, 2011

Expected life of options (using the “simplified method)

  4.5 years   4.5 years

Average risk-free interest rate

  0.9%   0.9%

Average expected volatility of stock

  144%   98%

Expected dividend rate

  None   None