XML 15 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Organization and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
Composition of inventory

Inventories were comprised of the following at:

 

 

June 30,
2013

 

  

December 31,
2012

 

Finished goods             

$

  1,581,300

  

  

$

  959,100

  

Raw materials             

 

  1,336,700

  

  

 

  1,079,600

  

Inventory reserve for obsolescence             

 

  (62,900

)

  

  

 

(62,900

) 

 

$

  2,855,100

  

  

$

  1,975,800

  

 

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 six months of 2013 and 2012 was estimated on the date of grant, using a Black-Scholes option pricing model with the following assumptions:

 

 

June 30,
2013

 

June 30,
2012

Expected life of options (using the “simplified” method)             

4.5 years

 

4.5 years

Average risk-free interest rate             

0.8% -1.0%

 

  0.9

%

Average expected volatility of stock             

139% - 141%

 

  144

%

Expected dividend rate             

None

 

None