Organization And Summary Of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Organization And Summary Of Significant Accounting Policies

Schedule of Components of Accounts Receivable, net

The following table summarizes the components of Accounts Receivable, net:

	June 30,			December 31,
	2018			2017
Trade Accounts Receivables at period end	$	2,259,180		$	4,561,782
Reserve for estimated marketing allowances, cash discounts and other incentives		(235,706	)		(194,061	)
Total Accounts Receivable, net	$	2,023,474		$	4,367,721

Schedule of Changes in Reserve Included in Net Accounts Receivable

The following table summarizes the changes in the Company's reserve for marketing allowances, cash discounts and other incentives which is included in net accounts receivable:

	June 30,			December 31,
	2018			2017
Balance at beginning of the period	$	(194,061	)	$	(1,200,792	)
Accrued allowances		(62,280	)		(921,833	)
Reversal of prior year accrued allowances		1,749			58,867
Expenditures		18,886			1,869,697
Balance at period-end	$	(235,706	)	$	(194,061	)

Schedule of Basic Weighted Average Shares Outstanding is Reconciled to Diluted

Basic weighted average shares outstanding is reconciled to diluted weighted shares outstanding as follows:

	3 months ended		3 months ended
	June 30, 2018		June 30, 2017
Basic weighted average shares outstanding		47,046,364		46,694,058
Dilutive warrants		—		361,388
Diluted weighted average shares outstanding		47,046,364		47,055,446

	6 months ended		6 months ended
	June 30, 2018		June 30, 2017
Basic weighted average shares outstanding		47,046,364		47,155,592
Dilutive warrants		—		318,237
Diluted weighted average shares outstanding		47,046,364		47,473,829

Schedule of Net Revenue by Major Source

The following table disaggregates net revenue by major source:

	For the 3 Months Ended June 30, 2018						For the 3 Months Ended June 30, 2017
	Capstone Brand		License Brands		Total Consolidated		Capstone Brand		License Brands		Total Consolidated
Lighting Products- U.S.	$	1,693,480	$	264,472	$	1,957,952	$	2,597,529	$	7,125,295	$	9,722,824
Lighting Products-International		31,080		114,174		145,254		496,724		—		496,724
Total Revenue	$	1,724,560	$	378,646	$	2,103,206	$	3,094,253	$	7,125,295	$	10,219,548

	For the 6 Months Ended June 30, 2018						For the 6 Months Ended June 30, 2017
	Capstone Brand		License Brands		Total Consolidated		Capstone Brand		License Brands		Total Consolidated
Lighting Products- U.S.	$	1,841,781	$	3,859,253	$	5,701,034	$	3,304,724	$	12,586,213	$	15,890,937
Lighting Products-International		196,974		265,366		462,340		1,080,807		—		1,080,807
Total Revenue	$	2,038,755	$	4,124,619	$	6,163,374	$	4,385,531	$	12,586,213	$	16,971,744

Schedule of Changes in Product Warranty Liabilities Included in Accounts Payable and Accrued Liabilities

The following table summarizes the changes in the Company's product warranty liabilities which are included in accounts payable and accrued liabilities in the accompanying June 30, 2018 and December 31, 2017 consolidated balance sheets:

	June 30,			December 31,
	2018			2017
Balance at the beginning of the period	$	328,279		$	294,122
Amount accrued		41,871			940,291
Amount expensed		(175,765	)		(906,134	)
Balance at period-end	$	194,385		$	328,279

Schedule of Components of Accounts Payable and Accrued Liabilities

The following table summarizes the components of accounts payable and accrued liabilities as of June 30, 2018 and December 31, 2017, respectively: 

	June 30,		December 31,
	2018		2017
Accounts payable	$	1,186,462	$	2,132,894
Accrued warranty reserve		194,385		328,279
Accrued compensation, benefits, commissions and other expenses		129,840		272,343
Total accrued liabilities		324,225		600,622
Total	$	1,510,687	$	2,733,516