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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule of Inventory, Current [Table Text Block]
Inventories are recorded at the lower of cost or net realizable value.
 
 
 
June 30,
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Productive material, work in process and supplies
 
$
788,126
 
$
869,740
 
Finished products
 
 
402,503
 
 
598,034
 
Total
 
$
1,190,629
 
$
1,467,774
 
Research and Development Arrangement, Contract to Perform for Others [Table Text Block]
Therefore, research and development cost reported in our financial statements relates to pre – marketing costs and are expensed accordingly.
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Components of research and development:
 
 
 
 
 
 
 
 
 
 
 
 
 
Product development and engineering
 
$
2,844
 
$
39,888
 
$
10,372
 
$
57,737
 
Payroll and benefits
 
 
212,223
 
 
290,675
 
 
500,697
 
 
610,219
 
 
 
$
215,067
 
$
330,563
 
$
511,069
 
$
667,956
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table represents a reconciliation of the net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2013 and 2012:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted – net loss
 
$
(1,250,248)
 
$
(7,006,283)
 
$
(2,856,106)
 
$
(10,512,293)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding
 
 
61,319,313
 
 
58,481,355
 
 
60,939,383
 
 
58,481,355