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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Product Warranty Liability

Warranty reserve is included in accrued expenses on the accompanying consolidated balance sheets and cost of components in the accompanying consolidated statement of operations.

 

    Warranty Reserve  
January 1, 2017   $ 182,000  
Warranty reserve expense     550,000  
Warranty claims settled and true-up of accrual     (225,000 )
December 31, 2017   $ 507,000  
Warranty reserve expense     23,000  
Warranty claims settled and true-up of accrual     (205,000 )
December 31, 2018   $ 325,000  

Schedule of Earnings Per Share, Basic and Diluted

The following table illustrates the anti-dilutive potential common stock equivalents excluded from the calculation of earnings per share (in thousands):

 

    For the Years Ended  
    December 31,  
    2018     2017  
Stock options     5,857       6,551  
Convertible debt     13,629        
Warrants     11,872       8,695  
      31,358       15,246  

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring at December 31, 2018 and 2017, consistent with the fair value hierarchy provisions. The asset impairment is a non-recurring level 3 measurement.

 

    Quoted Prices
in Active Markets for
Identical
Assets/Liabilities
(Level 1)
    Significant Other
Observable Inputs
(Level 2)
    Significant
Unobservable Inputs
(Level 3)
    Total  
Assets (non-recurring):                                
Asset impairment   $     $     $ 245,000     $ 245,000  
Capitalized software development costs                 168,000       168,000  
                  413,000       413,000  
                                 
Liabilities:                                
Derivative liability   $     $     $ 1,118,000     $ 1,118,000  
Total   $     $     $ 1,118,000     $ 1,118,000  

 

The following table presents the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2017, consistent with the fair value hierarchy provisions:

 

    Quoted Prices
in Active Markets for
Identical
Assets/Liabilities
(Level 1)
    Significant Other
Observable Inputs
(Level 2)
    Significant
Unobservable Inputs
(Level 3)
    Total  
Liabilities:                                
Derivative liability   $     $     $ 2,399,000     $ 2,399,000  
Total   $     $     $ 2,399,000     $ 2,399,000  

Schedule of Foreign Exchanges and Changes in Accumulated Comprehensive Income

The following table presents losses recognized from foreign exchange transactions; and changes in accumulated other comprehensive income representing the gain or loss on the translation of our foreign subsidiary’s financial statements as follows:

 

    For the Years Ended  
    December 31,  
    2018     2017  
Net foreign exchange transactions:                
Losses   $ 483,000     $ 284,000  
                 
Accumulated comprehensive income:                
(Decreases) increases   $ (79,000 )   $ 354,000