ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of deferred revenue

Deferred revenue consists of payments from customers for long term separately priced service contracts, sales pending regulatory approval and deposits on products. Deferred revenue as of September 30, 2016 and December 31, 2015 was as follows:

	As of September 30,		As of December 31,
	2016		2015
	(unaudited)
Service contracts	$	764,600	$	669,717
Sales pending regulatory approval		155,517		155,517
Deposits on products		70,679		65,000
Total deferred revenue, current portion	$	990,796	$	890,234
Service contracts, net of current portion		9,979		45,786
Total deferred revenue	$	1,000,775	$	936,020

Schedule of investment

These securities are carried at amortized cost plus accrued interest and consist of the following:

	As of September 30, 2016
	(unaudited)
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
Short Term:
Corporate bonds	$	4,848,278		322		1,697		4,846,903
Total Short Term:		4,848,278		322		1,697		4,846,903
Long Term:
United States Treasury bonds		502,493		208		—		502,701
Corporate bonds		1,226,752				624		1,226,128
Total Long Term:		1,729,245		208		624		1,728,829

Schedule of antidilutive

Shares excluded were computed under the treasury stock method as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Warrants		23,644		288,474		23,644		288,474
Unvested restricted stock		71,142		—		71,142		—
Options		—		950		—		950