Note 3: Detail of Certain Balance Sheet Accounts

12 Months Ended

Dec. 31, 2014

Notes

Note 3: Detail of Certain Balance Sheet Accounts

Note 3:  Detail of Certain Balance Sheet Accounts

Details of certain balance sheet accounts are as follows:

	December 31,	August 31,
	2014	2014	2013
Accounts receivable:
Trade receivables – non-related party	$       293,182	$       364,170	$       890,985
Other receivables	1,890	22,717	28,984
Allowance for doubtful accounts	(20,000)	(20,000)	(20,000)
	$         275,072	$       366,887	$       899,969

Inventories:
Parts and supplies	$    1,004,164	$    1,369,960	$    1,353,614
Work-in-process	951,519	880,751	990,668
Finished goods	569,965	228,478	201,488
Reserve for obsolete inventories	(  750,000)	(150,000)	(100,000)
	$    1,775,648	$    2,329,189	$    2,445,770

Accrued liabilities:
Warranty reserve	$         65,102	$        75,728	$        50,968
Training and installation reserve	2,038	4,716	5,528
Accrued taxes payable	50,462	59,745	44,677
Payroll, commissions, legal and other	987,550	726,339	472,707
	$    1,105,152	$      866,528	$      573,880