SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Credit and Concentration Risks

There were three customers that represented 42.4% and two customers that represented 29.9% of total sales for the three months ended June 30, 2016 and 2015, respectively. This is set forth in the table below.

Customer		Percentage of Sales
		2016		2015
		(Unaudited)		(Unaudited)
	1		11.8		13.2
	2		11.6		16.7
	3		19.0		*

* Customer was less than 10% of sales for the quarter ended June 30, 2015

There were four customers that represented 54.0% and three customers that represented 45.3% of total sales for the six months ended June 30, 2016 and 2015, respectively. This is set forth in the table below.

Customer		Percentage of Sales
		2016		2015
		(Unaudited)		(Unaudited)
	1		20.8		19.8
	2		11.8		15.5
	3		11.2		10.0
	4		10.2		*

* Customer was less than 10% of sales for the six months ended June 30, 2015

There were three customers that represented 40.9% of gross accounts receivable and four customers that represented 61.1% of gross accounts receivable at June 30, 2016 and December 31, 2015, respectively. This is set forth in the table below.

Customer		Percentage of Receivables
		June		December
		2016		2015
		(Unaudited)
	1		20.3		26.6
	2		10.3		13.6
	3		10.3		10.4
	4		*		10.5

* Customer was less than 10% of Gross Accounts Receivable at June 30, 2016

Earnings per share

The following is a reconciliation of the denominators of basic and diluted earnings per share computations:

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2016		2015		2016		2015
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Weighted average shares outstanding used to compute basic earning per share		7,587,763		7,557,427		7,586,264		7,397,756
Effect of dilutive stock options and warrants		-		-		-		-
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share		7,587,763		7,557,427		7,586,264		7,397,756

The following table sets forth the number of shares issuable upon exercise of outstanding options and warrants which were excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares:

	Three and Six Months Ended
	June 30,		June 30,
	2016		2015
	(Unaudited)		(Unaudited)
Stock Options		202,694		86,891
Warrants		-		46,800
		202,694		133,691

The following table sets forth the number of shares issuable upon conversion or exercise of outstanding convertible preferred stock, options and warrants which were excluded from the diluted per share calculation even though the exercise price was less than the average market price of the common shares and unvested restricted stock because the effect of including these potential shares was anti-dilutive due to the net loss applicable to common stockholders incurred during that period:

	June 30,		June 30,
	2016		2015
	(Unaudited)		(Unaudited)
Convertible Preferred Stock		1,422,750		-
Stock Options		484,648		494,175
Warrants		278,405		117,785
Unvested Restricted Stock		27,000		-
		2,212,803		611,960