ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of deferred revenue

Deferred revenue as of June 30, 2017 and December 31, 2016 was as follows:

	As of June 30,		As of December 31,
	2017		2016
		(unaudited)
Service contracts	$	765,971	$	613,374
Sales pending regulatory approval		—		155,517
Deposits on products		83,000		84,907
Total deferred revenue, current portion	$	848,971	$	853,798
Service contracts, net of current portion		19,317		16,251
Total deferred revenue	$	868,288	$	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 Investments December 31, 2016	$	7,566,142	$	167	$	11,035	$	7,555,274
Short Term:
Corporate bonds	$	4,883,953	$	—	$	3,169	$	4,880,784
United States Treasury bonds		1,502,821		—		2,476		1,500,345
Total Short Term:		6,386,774		—		5,645		6,381,129
Long Term:
United States Treasury bonds		—		—		—		—
Corporate bonds		—				—		—
Total Long Term:		—		—		—		—
Total Investments June 30, 2017 (unaudited)	$	6,386,774	$	—	$	5,645	$	6,381,129

Schedule of antidilutive

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

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2017		2016		2017		2016
Warrants		—		23,443		—		23,443
Shares		14,526		54,205		14,526		54,205