Organization And Summary Of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Organization And Summary Of Significant Accounting Policies

Schedule of Components of Accounts Receivable, net

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

	March 31,			December 31,
	2019			2018
Trade Accounts Receivables at period end	$	2,550,125		$	429,405
Reserve for estimated marketing allowances, cash discounts and other incentives		(173,426	)		(364,894	)
Total Accounts Receivable, net	$	2,376,699		$	64,511

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:

	March 31,			December 31,
	2019			2018
Balance at beginning of the period	$	(364,894	)	$	(194,061	)
Accrued allowances		—			(191,468	)
Reversal of prior year accrued allowances		—			1,749
Expenditures		191,468			18,886
Balance at period-end	$	(173,426	)	$	(364,894	)

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
	March 31, 2019		March 31, 2018
Basic weighted average shares outstanding		47,033,670		47,046,364
Dilutive options		—		—
Diluted weighted average shares outstanding		47,033,670		47,046,364

Schedule of Net Revenue by Major Source

The following table disaggregates net revenue by major source:

	For the 3 Months Ended March 31, 2019						For the 3 Months Ended March 31, 2018
	Capstone Brand		License Brands		Total Consolidated		Capstone Brand		License Brands		Total Consolidated
Lighting Products- U.S.	$	2,677,627	$	—	$	2,677,627	$	148,301	$	3,594,781	$	3,743,082
Lighting Products-International		301,175		—		301,175		165,894		151,192		317,086
Total Revenue	$	2,978,802	$	—	$	2,978,802	$	314,195	$	3,745,973	$	4,060,168

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 March 31, 2019 and December 31, 2018 balance sheets: 

	March 31,			December 31,
	2019			2018
Balance at the beginning of the period	$	212,495		$	328,279
Amount accrued		132,852			59,981
Expenditures		(54,395	)		(175,765	)
Balance at period-end	$	290,952		$	212,495

Schedule of Components of Accounts Payable and Accrued Liabilities

The following table summarizes the components of accounts payable and accrued liabilities as of March 31, 2019 and December 31, 2018, respectively:

	March 31,		December 31,
	2019		2018
Accounts payable	$	437,082	$	221,568
Accrued warranty reserve		290,952		212,495
Accrued compensation, benefits, commissions and other expenses		38,242		27,383
Total accrued liabilities		329,194		239,878
Total	$	766,276	$	461,446