Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedule of Reconciliation of Fair Value of Level 3 Valuation of Financial Instruments

The Company accounts for two instruments at fair value using level 3 valuation.

	At September 30, 2016						At December 31, 2015
Description	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Stock Appreciation Rights Plan A		-		-	$	53,108		-		-	$	53,108
Equity Credits Issued		-		-	$	12,551		-		-	$	14,154

Schedule of Reconciliation of Fair Value of Asset Liabilities Measured Recurring Basis

A roll forward of the level 3 valuation of these three financial instruments is as follows:

	Stock Appreciation Rights Plan A		Equity Credits Issued
Balance at December 31, 2015	$	53,108	$	14,154
Change in fair value included in net loss		-		(1,063	)
Balance at September 30, 2016	$	53,108	$	12,551

Schedule of Inventory

At September 30, 2016 and December 31, 2015, inventory consisted of the following:

	September 30, 2016			December 31, 2015
Raw materials	$	913,650		$	705,951
Finished goods		556,362			551,599
		1,470,012			1,257,551
Less: reserve for obsolescence		(208,350	)		(174,166	)
Total	$	1,261,662		$	1,083,385

Schedule of Anti-dilutive Per Share Information

Potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net losses and consisted of the following:

	September 30, 2016		December 31, 2015
Stock options		20,707		12,397
Stock warrants		712		-
Restricted shares		37,778		37,778
Total		59,197		50,175

Schedule of Reconciliation of Basic and Diluted Net Income Loss

Net loss per share for each class of common stock is as follows:

Net (loss) income per common shares outstanding:	Three Months ended September 30, 2016			Three Months ended September 30, 2015			Nine Months ended September 30, 2016			Nine Months ended September 30, 2015
Class A common stock	$	(0.07	)	$	(0.25	)	$	(0.15	)	$	(0.51	)
Class B common stock	$	(0.07	)	$	(0.25	)	$	(0.15	)	$	(0.51	)
Class Z common stock	$	(0.07	)	$	(0.25	)	$	(0.15	)	$	(0.51	)
Weighted average shares outstanding:
Class A common stock		1,358,234			1,318,147			1,346,656			1,315,417
Class B common stock		1,399,197			1,395,037			1,399,550			1,394,763
Class Z common stock		262,631			262,630			262,631			262,630
Total weighted average shares outstanding		3,020,062			2,975,814			3,006,837			2,972,810