ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of deferred revenue

Deferred revenue as of March 31, 2017 and December 31, 2016 was as follows:

	As of March 31,		As of December 31,
	2017		2016
	(unaudited)
Service contracts	$	527,943	$	613,374
Sales pending regulatory approval		-		155,517
Deposits on products		35,062		84,907
Total deferred revenue, current portion	$	563,005	$	853,798
Service contracts, net of current portion		9,166		16,251
Total deferred revenue	$	572,171	$	870,049

Schedule of investment

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

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Market Value
Short Term:
Corporate bonds	$	6,462,369		167		7,243		6,455,293
United States Treasury bonds		-		-		-		-
Total Short Term:		6,462,369		167		7,243		6,455,293
Long Term:
United States Treasury bonds		502,063		-		1,174		500,890
Corporate bonds		601,710				2,618		599,091
Total Long Term:		1,103,773		-		3,792		1,099,981
Total Investment December 31, 2016		7,566,142		167		11,035		7,555,274
Short Term:
Corporate bonds	$	6,403,228		-		5,707		6,397,521
United States Treasury bonds		1,503,142		-		1,868		1,501,274
Total Short Term:		7,906,370		-		7,575		7,898,795
Long Term:
United States Treasury bonds		-		-		-		-
Corporate bonds		-				-		-
Total Long Term:		-		-		-		-
Total Investment March 31, 2017 (unaudited)		7,906,370		-		7,575		7,898,795

Schedule of antidilutive

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

	For the Three Months Ended March 31,
	2017		2016
Warrants		4,025		288,474
Unvested restricted stock		39,509		—
Options		—		950