Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Components of Accrued Expenses

Accrued expenses consisted of the following: 

	December 31, 2014		December 31, 2013
Accrued Wages and Related Costs	$	101,445	$	91,385
Accrued Compensation		428,786		360,670
Accrued Professional Services		45,000		69,500
Accrued Warranty Obligations		39,624		31,619
Accrued Interest		75,471		36,935
Other Accrued Expenses		8,741		1,090
Total	$	699,067	$	591,199

Changes in Accrued Warranty Obligations

The changes in the Company’s accrued warranty obligations for the years ended December 31, 2014 and 2013 were as follows:

Accrued Warranty Obligations at December 31, 2012	$	93,788
Reductions for Settling Warranties		(74,287)
Warranty Issued During Year		12,118
Accrued Warranty Obligations at December 31, 2013		31,619
Reductions for Settling Warranties		(96,460)
Warranty Issued During Year		104,465
Accrued Warranty Obligations at December 31, 2014	$	39,624