ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of deferred revenue

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

	As of September 30,		As of December 31,
	2017		2016
		(unaudited)
Service contracts	$	632,442	$	613,374
Sales pending regulatory approval		—		155,517
Deposits on products		26,000		84,907
Total deferred revenue, current portion	$	658,442	$	853,798
Service contracts, net of current portion		13,833		16,251
Total deferred revenue	$	672,275	$	870,049

Schedule of investment

The Company classifies its investments in debt securities at the time of purchase as held-to-maturity and reevaluates such classification on a quarterly basis. Held-to-maturity investments consist of securities that the Company has the intent and ability to retain until maturity. These securities are carried at amortized cost plus accrued interest and consist of the following:

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair 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	$	1,511,052	$	—	$	1,043	$	1,510,010
United States Treasury bonds		1,503,454		—		1,031		1,502,423
Total Short Term:		3,014,507		—		2,074		3,012,433
Long Term:
United States Treasury bonds		—		—		—		—
Corporate bonds		—				—		—
Total Long Term:		—		—		—		—
Total Investments September 30, 2017 (unaudited)	$	3,014,507	$	—	$	2,074	$	3,012,433

Schedule of antidilutive

In periods when the Company has incurred a net loss, options and warrants to purchase common shares are considered common share equivalents but have been excluded from the calculation of diluted net loss per share as their effect is 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,
	2017		2016		2017		2016
Warrants		5,851		23,644		5,851		23,644
Shares		9,779		71,142		9,779		71,142