Product Warranty Provisions

12 Months Ended

Dec. 31, 2014

Product Warranty Provisions [Abstract]

Product Warranty Provisions

16. Product Warranty Provisions

The Company’s standard policy is to warrant all Niobe,  Odyssey and Vdrive systems against defects in material or workmanship for one year following installation. The Company’s estimate of costs to service the warranty obligations is based on historical experience and current product performance trends. A regular review of warranty obligations is performed to determine the adequacy of the reserve and adjustments are made to the estimated warranty liability as appropriate.

Accrued warranty, which is included in other accrued liabilities, consists of the following:

	December 31, 2014		December 31, 2013
Warranty accrual, beginning of the fiscal period	$	501,212	$	653,473
Accrual adjustment for product warranty		84,402		84,562
Payments made		(221,066)		(236,823)
Warranty accrual, end of the fiscal period	$	364,548	$	501,212