0001104659-17-051770.txt : 20170814 0001104659-17-051770.hdr.sgml : 20170814 20170814155813 ACCESSION NUMBER: 0001104659-17-051770 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 49 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170814 DATE AS OF CHANGE: 20170814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RETRACTABLE TECHNOLOGIES INC CENTRAL INDEX KEY: 0000946563 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 752599762 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-16465 FILM NUMBER: 171029957 BUSINESS ADDRESS: STREET 1: 511 LOBO LANE CITY: LITTLE ELM STATE: TX ZIP: 75068-0009 BUSINESS PHONE: 9722941010 MAIL ADDRESS: STREET 1: 511 LOBO LANE CITY: LITTLE ELM STATE: TX ZIP: 75068-0009 10-Q 1 a17-13299_110q.htm 10-Q

Table of Contents

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

(Mark One)

 

x      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2017

 

or

 

o         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934

 

For the transition period from       to

 

Commission file number:    001-16465

 

Retractable Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Texas

 

75-2599762

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

511 Lobo Lane

 

 

Little Elm, Texas

 

75068-5295

(Address of principal executive offices)

 

(Zip Code)

 

(972) 294-1010

(Registrant’s telephone number, including area code)

 

 

(Former name, former address, and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x No o

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes x No o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer o

 

Accelerated filer o

 

 

 

Non-accelerated filer o

 

Smaller reporting company x

(Do not check if a smaller reporting company)

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.   Yes o No o

 

APPLICABLE ONLY TO CORPORATE ISSUERS

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 31,666,454 shares of Common Stock, no par value, outstanding as of August 1, 2017.

 

 

 



Table of Contents

 

RETRACTABLE TECHNOLOGIES, INC.

FORM 10-Q

For the Quarterly Period Ended June 30, 2017

 

TABLE OF CONTENTS

 

 



Table of Contents

 

PART I—FINANCIAL INFORMATION

 

Item 1.       Financial Statements.

RETRACTABLE TECHNOLOGIES, INC.

 

CONDENSED BALANCE SHEETS

(unaudited)

 

 

 

 

June 30, 2017

 

December 31, 2016

 

ASSETS

 

 

 

 

 

Current assets:

 

 

 

 

 

Cash and cash equivalents

$

15,472,553

$

16,199,043

 

Accounts receivable, net

 

3,471,523

 

3,267,838

 

Inventories, net

 

8,049,399

 

7,017,224

 

Other current assets

 

448,407

 

192,548

 

Total current assets

 

27,441,882

 

26,676,653

 

 

 

 

 

 

 

Property, plant, and equipment, net

 

11,819,588

 

12,092,037

 

Other assets

 

8,095

 

10,289

 

Total assets

$

39,269,565

$

38,778,979

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Accounts payable

$

4,445,649

$

4,471,756

 

Current portion of long-term debt

 

440,971

 

430,393

 

Accrued compensation

 

814,604

 

536,456

 

Dividends payable

 

55,113

 

55,113

 

Accrued royalties to shareholder

 

635,554

 

659,443

 

Insurance proceeds

 

1,004,960

 

 

Other accrued liabilities

 

893,395

 

1,019,283

 

Total current liabilities

 

8,290,246

 

7,172,444

 

 

 

 

 

 

 

Long-term debt, net of current maturities

 

3,270,235

 

3,498,244

 

Total liabilities

 

11,560,481

 

10,670,688

 

 

 

 

 

 

 

Commitments and contingencies — see Note 6

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

 

Preferred stock, $1 par value:

 

 

 

 

 

Series I, Class B

 

98,500

 

98,500

 

Series II, Class B

 

171,200

 

171,200

 

Series III, Class B

 

129,245

 

129,245

 

Series IV, Class B

 

342,500

 

342,500

 

Series V, Class B

 

40,000

 

40,000

 

Common stock, no par value

 

 

 

Additional paid-in capital

 

61,430,417

 

59,290,333

 

Accumulated deficit

 

(34,502,778

)

(31,963,487

)

Total stockholders’ equity

 

27,709,084

 

28,108,291

 

Total liabilities and stockholders’ equity

$

39,269,565

$

38,778,979

 

 

See accompanying notes to condensed unaudited financial statements

 

1



Table of Contents

 

RETRACTABLE TECHNOLOGIES, INC.

CONDENSED STATEMENTS OF OPERATIONS

(unaudited)

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months

Ended

June 30, 2017

 

 

Six Months

Ended

June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales, net

$

7,646,117

 

$

7,575,053

 

$

14,569,797

 

$

13,497,035

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

Cost of manufactured product

 

4,801,495

 

 

4,274,010

 

 

8,812,408

 

 

7,500,607

 

Royalty expense to shareholders

 

635,554

 

 

682,402

 

 

1,223,398

 

 

1,187,777

 

Total cost of sales

 

5,437,049

 

 

4,956,412

 

 

10,035,806

 

 

8,688,384

 

Gross profit

 

2,209,068

 

 

2,618,641

 

 

4,533,991

 

 

4,808,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

1,223,842

 

 

986,172

 

 

2,251,553

 

 

1,895,744

 

Research and development

 

157,395

 

 

146,854

 

 

305,844

 

 

271,773

 

General and administrative

 

2,133,040

 

 

2,091,151

 

 

4,433,907

 

 

4,140,839

 

Total operating expenses

 

3,514,277

 

 

3,224,177

 

 

6,991,304

 

 

6,308,356

 

Loss from operations

 

(1,305,209

)

 

(605,536

)

 

(2,457,313

)

 

(1,499,705

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and other income

 

14,173

 

 

6,032

 

 

24,678

 

 

11,213

 

Interest expense

 

(58,028

)

 

(56,710

)

 

(106,091

)

 

(106,333

)

Net loss before income taxes

 

(1,349,064

)

 

(656,214

)

 

(2,538,726

)

 

(1,594,825

)

Provision for income taxes

 

282

 

 

480

 

 

565

 

 

960

 

Net loss

 

(1,349,346

)

 

(656,694

)

 

(2,539,291

)

 

(1,595,785

)

Preferred stock dividend requirements

 

(176,249

)

 

(176,249

)

 

(352,498

)

 

(352,498

)

Loss applicable to common shareholders

$

(1,525,595

)

$

(832,943

)

$

(2,891,789

)

$

(1,948,283

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

$

(0.05

)

$

(0.03

)

$

(0.09

)

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

$

(0.05

)

$

(0.03

)

$

(0.09

)

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

Diluted

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

See accompanying notes to condensed unaudited financial statements

 

2



Table of Contents

 

RETRACTABLE TECHNOLOGIES, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(unaudited)

 

 

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

Cash flows from operating activities

 

 

 

 

 

 

Net loss

$

(2,539,291

)

$

(1,595,785

)

Adjustments to reconcile loss to net cash used by operating activities:

 

 

 

 

 

 

Provision for doubtful accounts

 

 

 

77,000

 

Share-based compensation

 

470,309

 

 

 

Depreciation and amortization

 

405,102

 

 

446,798

 

(Increase) decrease in assets:

 

 

 

 

 

 

Inventories

 

(1,032,175

)

 

18,003

 

Accounts receivable

 

(203,685

)

 

(84,228

)

Other current assets

 

(255,859

)

 

986,438

 

Other assets

 

 

 

(750

)

Increase (decrease) in liabilities:

 

 

 

 

 

 

Accounts payable

 

(26,107

)

 

(677,846

)

Accrued liabilities

 

128,371

 

 

322,807

 

Insurance proceeds

 

1,004,960

 

 

 

Net cash used by operating activities

 

(2,048,375

)

 

(507,563

)

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

Purchase of property, plant, and equipment

 

(130,459

)

 

(928,180

)

Net cash used by investing activities

 

(130,459

)

 

(928,180

)

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

Repayments of long-term debt and notes payable

 

(217,431

)

 

(124,163

)

Proceeds from the sale of common stock

 

1,780,000

 

 

 

Proceeds from the exercise of stock options

 

 

 

839,200

 

Payment of Preferred Stock dividends

 

(110,225

)

 

(110,528

)

Net cash provided by financing activities

 

1,452,344

 

 

604,509

 

 

 

 

 

 

 

 

Net decrease in cash and cash equivalents

 

(726,490

)

 

(831,234

)

 

 

 

 

 

 

 

Cash and cash equivalents at:

 

 

 

 

 

 

Beginning of period

 

16,199,043

 

 

18,045,044

 

End of period

$

15,472,553

 

$

17,213,810

 

 

 

 

 

 

 

 

Supplemental schedule of cash flow information:

 

 

 

 

 

 

Interest paid

$

106,090

 

$

106,332

 

Income taxes paid

$

 

$

2,000

 

 

 

 

 

 

 

 

Supplemental schedule of noncash investing and financing activities:

 

 

 

 

 

 

Preferred dividends declared, not paid

$

55,113

 

$

55,113

 

 

See accompanying notes to condensed unaudited financial statements

 

3



Table of Contents

 

RETRACTABLE TECHNOLOGIES, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(unaudited)

 

1.                   BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION

 

Business of the Company

 

Retractable Technologies, Inc. (the “Company”) was incorporated in Texas on May 9, 1994, and designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.  The Company began to develop its manufacturing operations in 1995.  The Company’s manufacturing and administrative facilities are located in Little Elm, Texas.  The Company’s products are the VanishPoint® 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the blood collection tube holder; the small diameter tube adapter; the allergy tray; the IV safety catheter; the Patient Safe® syringes; the Patient Safe® Luer Cap; the VanishPoint® Blood Collection Set; and the EasyPoint® needle.  The Company also sells VanishPoint® autodisable syringes in the international market in addition to the Company’s other products.

 

Basis of presentation

 

The accompanying condensed financial statements are unaudited and, in the opinion of Management, reflect all adjustments that are necessary for a fair presentation of the financial position and results of operations for the periods presented.  All such adjustments are of a normal and recurring nature.  The results of operations for the periods presented are not necessarily indicative of the results to be expected for the entire year.  The condensed financial statements should be read in conjunction with the financial statement disclosures contained in the Company’s audited financial statements incorporated into its Form 10-K filed on March 31, 2017 for the year ended December 31, 2016.

 

2.                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Accounting estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ significantly from those estimates.

 

Cash and cash equivalents

 

For purposes of reporting cash flows, cash and cash equivalents include cash, money market accounts, and investments with original maturities of three months or less.

 

Accounts receivable

 

The Company records trade receivables when revenue is recognized.  No product has been consigned to customers.  The Company’s allowance for doubtful accounts is primarily determined by review of specific trade receivables.  Those accounts that are doubtful of collection are included in the allowance.  This provision is reviewed to determine the adequacy of the allowance for doubtful accounts.  Trade receivables are charged off when there is certainty as to their being uncollectible.  Trade receivables are considered delinquent when payment has not been made within contract terms.

 

The Company requires certain customers to make a prepayment prior to beginning production or shipment of their order.  Customers may apply such prepayments to their outstanding invoices or pay the invoice and continue to carry forward the deposit for future orders.  Such amounts are included in Other accrued liabilities on the Condensed Balance Sheets and are shown in Note 5, Other Accrued Liabilities. The Company records an allowance for estimated returns as a reduction to Accounts receivable and Gross sales.  Historically, returns have been immaterial.

 

4



Table of Contents

 

Inventories

 

Inventories are valued at the lower of cost or net realizable value, with cost being determined using actual average cost.  The Company compares the average cost to the net realizable value and records the lower value.  Management considers such factors as the amount of inventory on hand and in the distribution channel, estimated time to sell such inventory, the shelf life of inventory, and current market conditions when determining excess or obsolete inventories.  A reserve is established for any excess or obsolete inventories or they may be written off.

 

Property, plant, and equipment

 

Property, plant, and equipment are stated at cost.  Expenditures for maintenance and repairs are charged to operations as incurred.  Cost includes major expenditures for improvements and replacements which extend useful lives or increase capacity and interest cost associated with significant capital additions.  Gains or losses from property disposals are included in income.

 

The Company’s property, plant, and equipment primarily consist of buildings, land, assembly equipment, molding machines, molds, office equipment, furniture, and fixtures.  Depreciation and amortization are calculated using the straight-line method over the following useful lives:

 

Production equipment

 

3 to 13 years

Office furniture and equipment

 

3 to 10 years

Buildings

 

39 years

Building improvements

 

15 years

 

Long-lived assets

 

The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets.  In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets.

 

Financial instruments

 

The Company estimates the fair value of financial instruments through the use of public market prices, quotes from financial institutions, and other available information.  Judgment is required in interpreting data to develop estimates of fair value and, accordingly, amounts are not necessarily indicative of the amounts that could be realized in a current market exchange.  Short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and other liabilities, consist primarily of instruments without extended maturities, the fair value of which, based on Management’s estimates, equals their recorded values.  The fair value of long-term liabilities, based on Management’s estimates, approximates their reported values.

 

Concentration risks

 

The Company’s financial instruments exposed to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable.  Cash balances, some of which exceed federally insured limits, are maintained in financial institutions; however, Management believes the institutions are of high credit quality.  The majority of accounts receivable are due from companies which are well-established entities.  As a consequence, Management considers any exposure from concentrations of credit risks to be limited.

 

5



Table of Contents

 

The following table reflects our significant customers for the first three and six months of 2017 and 2016:

 

 

 

Six Months
ended
June 30, 2017

 

Six Months
ended
June 30, 2016

 

Three Months
ended
June 30, 2017

 

Three Months
ended
June 30, 2016

 

Number of significant customers

 

1

 

2

 

2

 

1

 

Aggregate dollar amount of net sales to significant customers

 

$4.1 million

 

$6.1 million

 

$3.1 million

 

$2.8 million

 

Percentage of net sales to significant customers

 

28.0%

 

44.9%

 

40.2%

 

37.3%

 

 

The Company manufactures some of its products in Little Elm, Texas as well as utilizing manufacturers in China.  The Company purchases most of its product components from single suppliers, including needle adhesives and packaging materials.  There are multiple sources of these materials.  The Company obtained roughly 89.1% and 78.2% of its VanishPoint® syringes in the first six months of 2017 and 2016, respectively, from its primary Chinese manufacturer.  Purchases from this Chinese manufacturer aggregated 90.1% and 91.8% of VanishPoint® syringes in the three month periods ended June 30, 2017 and 2016, respectively.  In the event that the Company becomes unable to purchase products from its Chinese manufacturers, the Company would need to find an alternate manufacturer for its blood collection set, IV catheter, Patient Safe® syringe, 0.5mL insulin syringe, 0.5mL autodisable syringe, and 2mL, 5mL, and 10mL syringes and would increase domestic production for the 1mL and 3mL syringes.

 

Revenue recognition

 

Revenue is recognized for sales when title and risk of ownership passes to the customer, generally upon shipment.  Under certain contracts, revenue is recorded on the basis of sales price to distributors, less contractual pricing allowances.  Contractual pricing allowances consist of: (i) rebates granted to distributors who provide tracking reports which show, among other things, the facility that purchased the products, and (ii) a provision for estimated contractual pricing allowances for products for which the Company has not received tracking reports.  Rebates are recorded when issued and are applied against the customer’s receivable balance.  Distributors receive a rebate for the difference between the Wholesale Acquisition Cost and the appropriate contract price as reflected on a tracking report provided by the distributor to the Company. If product is sold by a distributor to an entity that has no contract, there is a standard rebate (lower than a contracted rebate) given to the distributor.  One of the purposes of the rebate is to encourage distributors to submit tracking reports to the Company. The provision for contractual pricing allowances is reviewed at the end of each quarter and adjusted for changes in levels of products for which there is no tracking report.  Additionally, if it becomes clear that tracking reports will not be provided by individual distributors, the provision is further adjusted.  The estimated contractual allowance is included in Accounts payable in the Balance Sheets and deducted from revenues in the Statements of Operations.  Accounts payable included estimated contractual allowances for $3,479,252 and $3,591,534 as of June 30, 2017 and December 31, 2016, respectively.  The terms and conditions of contractual pricing allowances are governed by contracts between the Company and its distributors.  Revenue for shipments directly to end-users is recognized when title and risk of ownership pass from the Company.  Any product shipped or distributed for evaluation purposes is expensed.

 

The Company’s domestic return policy is set forth in its standard Distribution Agreement.  This policy provides that a customer may return incorrect shipments within 10 days following arrival at the distributor’s facility.  In all such cases, the distributor must obtain an authorization code from the Company and affix the code to the returned product.  The Company will not accept returned goods without a returned goods authorization number.  The Company may refund the customer’s money or replace the product.

 

The Company’s domestic return policy also generally provides that a customer may return product that is overstocked.  Overstocking returns are limited to two times in each 12-month period up to 1% of distributor’s total purchase of products for the prior 12-month period.  All product overstocks and returns are subject to inspection and acceptance by the Company.

 

The Company’s international distribution agreements generally do not provide for any returns.

 

6



Table of Contents

 

Litigation proceeds

 

Proceeds from litigation are recognized when realizable.  Generally, realization is not reasonably assured and expected until proceeds are collected and the legal proceeding has concluded.

 

Income taxes

 

The Company evaluates tax positions taken or expected to be taken in a tax return for recognition in the financial statements based on whether it is “more-likely-than-not” that a tax position will be sustained based upon the technical merits of the position.  Measurement of the tax position is based upon the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.

 

The Company provides for deferred income taxes through utilizing an asset and liability approach for financial accounting and reporting based on the tax effects of differences between the financial statement and tax bases of assets and liabilities, based on enacted rates expected to be in effect when such differences reverse in future periods.  Deferred tax assets are periodically reviewed for realizability.  The Company has established a valuation allowance for its net deferred tax asset as future taxable income cannot be reasonably assured.  Penalties and interest related to income tax are classified as General and administrative expense and Interest expense, respectively, in the Condensed Statements of Operations.  Such expenses are not material.

 

Loss per share

 

The Company computes basic loss per share by dividing net loss for the period (adjusted for any cumulative dividends for the period) by the weighted average number of common shares outstanding during the period.  Diluted loss per share includes the determinants of basic loss per share and, in addition, reflects the dilutive effect, if any, of the common stock deliverable pursuant to stock options or common stock issuable upon the conversion of convertible preferred stock.  The calculation of diluted loss per share excluded 147,775 and 678,349 shares of Common Stock underlying issued and outstanding stock options at June 30, 2017 and June 30, 2016, respectively, as their effect was antidilutive.  The potential dilution, if any, is shown on the following schedule:

 

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

Net loss

 

$

(1,349,346

)

$

(656,694

)

$

(2,539,291

)

$

(1,595,785

)

Preferred dividend requirements

 

 

(176,249

)

 

(176,249

)

 

(352,498

)

 

(352,498

)

Loss applicable to common shareholders

 

$

(1,525,595

)

$

(832,943

)

$

(2,891,789

)

$

(1,948,283

)

Average common shares outstanding

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

Average common and common equivalent shares outstanding - assuming dilution

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

Basic loss per share

 

$

(0.05

)

$

(0.03

)

$

(0.09

)

$

(0.07

)

Diluted loss per share

 

$

(0.05

)

$

(0.03

)

$

(0.09

)

$

(0.07

)

 

Shipping and handling costs

 

The Company classifies shipping and handling costs as part of Cost of sales in the Condensed Statements of Operations.

 

Research and development costs

 

Research and development costs are expensed as incurred.

 

7



Table of Contents

 

Share-based compensation

 

The Company’s share-based payments are accounted for using the fair value method.  The Company records share-based compensation expense on a straight-line basis over the requisite service period.  The Company incurred the following share-based compensation costs:

 

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

$

98,356

 

$

 

$

196,117

 

$

 

Sales and marketing

 

 

51,993

 

 

 

 

104,677

 

 

 

Research and development

 

 

16,407

 

 

 

 

32,715

 

 

 

General and administrative

 

 

68,655

 

 

 

 

136,800

 

 

 

 

 

$

235,411

 

$

 

$

470,309

 

$

 

 

Insurance Proceeds

 

Receipts from insurance up to the amount of any loss recognized by the Company are considered recoveries. Any such recoveries are recorded when they are received. Insurance recoveries are not recognized as a component of earnings (loss) from operations until all repairs are made.

 

Recent pronouncements

 

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, “Inventory (Topic 330) Simplifying the Measurement of Inventory,” which is part of the FASB’s Simplification Initiative.  Inventory, including inventory measured at average cost, would be valued at the lower of cost or net realizable value.  Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.  ASU 2015-11 is effective for the Company’s annual periods and interim periods within those annual periods beginning January 1, 2017.  Amendments in this ASU should be applied prospectively with earlier application permitted at the beginning of an interim or annual reporting period.  The adoption of this pronouncement had no impact on the Company’s Balance Sheet, Results of Operations, or Cash Flows in the period of adoption.

 

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”.  These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The updated guidance is effective for the Company’s quarter ending March 31, 2018, with early adoption permitted.  The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.

 

In June 2016, the FASB issued Accounting Standards Update 2016-13, “Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”.  Among other things, these amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.  Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses.  This ASU is effective for the Company’s quarter ending March 31, 2020 with early application permitted for the Company’s quarter ending March 31, 2019.  The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (topic 842). Under the new ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance lessor accounting is largely unchanged. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees (for capital and

 

8



Table of Contents

 

operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. This ASU is effective for the Company’s quarter ending March 31, 2019, with early adoption permitted. The Company is currently evaluating the impact of this standard.

 

In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which provides guidance for revenue recognition.  This ASU’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects consideration to which the company expects to be entitled in exchange for those goods or services.  This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract.  ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption.  In July 2015, the FASB voted to delay the effective date of this ASU by one year.  The ASU will now be effective commencing with the Company’s quarter ending March 31, 2018.  Early adoption of this ASU is allowed no sooner than the original effective date.  The Company is currently assessing the potential impact of this ASU on its financial statements.

 

3.                    INVENTORIES

 

Inventories consist of the following:

 

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Raw materials

 

$

1,489,305

 

$

1,303,278

 

Finished goods

 

 

7,155,617

 

 

6,309,469

 

 

 

 

8,644,922

 

 

7,612,747

 

Inventory reserve

 

 

(595,523

)

 

(595,523

)

 

 

$

8,049,399

 

$

7,017,224

 

 

4.                    INCOME TAXES

 

The Company’s effective tax rate on the net loss before income taxes was 0.0% and (0.1) for the six months ended June 30, 2017 and June 30, 2016, respectively.  For the three months ended June 30, 2017 and June 30, 2016, the Company’s effective tax rate on the net loss before income taxes was 0.0% and (0.1)%, respectively.

 

5.                    OTHER ACCRUED LIABILITIES

 

Other accrued liabilities consist of the following:

 

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Prepayments from customers

 

$

457,398

 

$

692,922

 

Accrued property taxes

 

 

242,050

 

 

 

Accrued professional fees

 

 

127,808

 

 

266,747

 

Other accrued expenses

 

 

66,139

 

 

59,614

 

 

 

$

893,395

 

$

1,019,283

 

 

6.                          COMMITMENTS AND CONTINGENCIES

 

In May 2010, the Company and an officer’s suit against Becton, Dickinson and Company (“BD”) in the U.S. District Court for the Eastern District of Texas, Marshall Division alleging violations of antitrust acts, false advertising, product disparagement, tortious interference, and unfair competition was reopened.  The trial commenced on September 9, 2013, in the U.S. District Court for the Eastern District of Texas, Tyler Division, and the jury found that BD illegally engaged in anticompetitive conduct with the intent to acquire or maintain

 

9



Table of Contents

 

monopoly power in the safety syringe market and engaged in false advertising under the Lanham Act.  The jury awarded the Company $113,508,014 in damages, which was trebled pursuant to statute.  The Court granted injunctive relief to take effect January 15, 2015.  In doing so, the Court found that BD’s business practices limited innovation, including false advertisements that suppressed sales of the VanishPoint® syringes.  The specific injunctive relief includes: (1) enjoining BD’s use of “World’s Sharpest Needle” or any similar assertion of superior sharpness; (2) requiring notification to all customers who purchased BD syringe products from July 2, 2004 to date that BD wrongfully claimed that its syringe needles were sharper and that its statement that it had “data on file” was false and misleading; (3) requiring notification to employees, customers, distributors, GPOs, and government agencies that the deadspace of the VanishPoint® has been within ISO standards since 2004 and that BD overstated the deadspace of the VanishPoint® to represent that it was higher than some of BD’s syringes when it was actually less, and that BD’s statement that it had “data on file” was false and misleading, and, in addition, posting this notice on its website for a period of three years; (4) enjoining BD from advertising that its syringe products save medication as compared to VanishPoint® products for a period of three years; (5) requiring notification to all employees, customers, distributors, GPOs, and government agencies that BD’s website, cost calculator, printed materials, and oral representations alleging BD’s syringes save medication as compared to the VanishPoint® were based on false and inaccurate measurement of the VanishPoint®, and, in addition, posting this notice on its website for a period of three years; and (6) requiring the implementation of a comprehensive training program for BD employees and distributors that specifically instructs them not to use old marketing materials and not to make false representations regarding VanishPoint® syringes.  Final judgment was entered on January 15, 2015, awarding the Company $340,524,042 in damages and $11,722,823 in attorneys’ fees, as well as granting injunctive relief consistent with the orders as indicated above.  The parties stipulated that the amount of litigation costs recoverable by the Company is $295,000.  On January 14, 2015, the District Court stayed the portion of the injunctive relief that requires BD to notify end-user customers but also ordered BD to comply with internal correction activities as well as mandatory disclosures as set out above to its employees, customers, distributors and Group Purchasing Organizations.  BD filed an appeal of that ruling with the 5th Circuit Court of Appeals and that appeal was denied on February 3, 2015.  On February 12, 2015, BD filed a motion to amend the judgment directed most specifically to the issue of award of prejudgment interest.  On April 23, 2015, the Court entered an Amended Final Judgment that removed prejudgment interest but kept all other monetary and injunctive relief the same as was granted in the original Final Judgment.  BD filed its brief in the appeal on July 20, 2015.  Oral argument occurred on Monday, February 29, 2016.  On December 2, 2016, the 5th Circuit Court of Appeals overturned the antitrust damages.  The finding of false advertising liability was affirmed and the case was remanded to the Eastern District of Texas for a redetermination as to the amount of damages to which the Company is entitled.  The Company’s petition for certiorari to the U.S. Supreme Court was denied on March 20, 2017.  The Eastern District of Texas trial date was May 11, 2017.  The Court announced that it will issue its decision within three months of May 11, 2017.  No decision has been issued.

 

In September 2007, BD and MDC Investment Holdings, Inc. (“MDC”) sued the Company in the United States District Court for the Eastern District of Texas, Texarkana Division, initially alleging that the Company is infringing two U.S. patents of MDC (6,179,812 and 7,090,656) that are licensed to BD.  BD and MDC seek injunctive relief and unspecified damages.  The Company counterclaimed for declarations of non-infringement, invalidity, and unenforceability of the asserted patents.  The plaintiffs subsequently dropped allegations with regard to patent no. 7,090,656 and the Company subsequently dropped its counterclaims for unenforceability of the asserted patents.  On June 30, 2015, the Court ordered that further proceedings in this matter be stayed and that this case remain administratively closed until resolution of all appeals in the case detailed in the preceding paragraph.  The case remains stayed as a result of the ongoing proceedings regarding the Lanham Act claims in the separate proceeding described above.

 

10



Table of Contents

 

7.                    BUSINESS SEGMENT

 

The Company does not operate in separate reportable segments.  Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit.  The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order.  All transactions are in U.S. currency.  Revenues by geography are as follows:

 

 

 

Three Months
Ended
June 30, 2017

 

Three Months
Ended
June 30, 2016

 

Six Months
Ended
June 30, 2017

 

Six Months
Ended
June 30, 2016

 

U.S. sales

$

 

6,055,144

$

 

6,944,479

$

 

12,003,000

$

 

12,447,489

 

North and South America sales (excluding U.S.)

 

1,331,029

 

304,210

 

1,827,560

 

651,874

 

Other international sales

 

259,944

 

326,364

 

739,237

 

397,672

 

Total sales, net

$

 

7,646,117

$

 

7,575,053

$

 

14,569,797

$

 

13,497,035

 

 

Long-lived assets by geography are as follows:

 

 

 

June 30, 2017

 

December 31, 2016

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

11,669,906

 

$

11,930,293

 

International

 

$

149,682

 

$

161,744

 

 

8.                    DIVIDENDS

 

The Company declared dividends in the first quarter of 2016 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on April 21, 2016.  The Company declared dividends in the second quarter of 2016 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on July 28, 2016.  The Company declared dividends in the first quarter of 2017 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on April 27, 2017. The Company declared dividends in the second quarter of 2017 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on July 20, 2017.

 

9.                         PRIVATE PURCHASE

 

The Company approved three of its executive officers to purchase shares directly from the Company.  Thomas J. Shaw, CEO, exercised a portion of such right on January 12, 2017, buying two million shares at market price for an aggregate purchase price of $1.78 million.  Mr. Shaw has one million additional shares authorized for purchase at market price any time prior to September 9, 2018.  Mr. Cowan, CFO, and Ms. Larios, Vice President and General Counsel, are authorized to purchase 500,000 shares each at market price any time prior to September 9, 2018.  The approximate dollar value of these potential future purchases cannot be predicted.

 

10.                  BONUSES

 

In February of 2017, Mr. Cowan and Ms. Larios were each granted cash bonuses of $250,000.  Ms. Larios received her bonus in the first quarter of 2017.  Mr. Cowan will receive his bonus later this year. Bonuses payable are included in accrued compensation in the Condensed Balance Sheets.

 

11.                  STORM DAMAGE AND INSURANCE PROCEEDS

 

On March 26, 2017 a hail storm passed through Little Elm, TX, resulting in damage to the Company’s two buildings.  During April, the Company performed an inspection of its facilities and determined that possible roof damage had been sustained.  In late April, the Company’s insurance carrier inspected the two buildings and confirmed that damage occurred from the hail storm.  This damage was principally to the roofs of the buildings but also many of the HVAC units and a wall alongside one of the buildings sustained damage.

 

The Company’s insurance carrier has assessed the damages at approximately $1 million and the Company’s deductible is less than $25,000.  The Company has received these funds from its carrier.  At this time, the Company does not expect the cost of repairs to the roofs, the wall, and to the HVAC units to exceed its coverage.  The Company expects repairs to commence during the third quarter of 2017 and to be completed by the end of the year.  The Company does not currently anticipate that these repairs will result any significant disruption to its operations or interruption to its production.

 

11



Table of Contents

 

Item 2.         Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

FORWARD-LOOKING STATEMENT WARNING

 

Certain statements included by reference in this filing containing the words “could,” “may,” “believes,” “anticipates,” “intends,” “expects,” and similar such words constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act.  Any forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements.  Such factors include, among others, our ability to maintain liquidity, our maintenance of patent protection, the impact of current and future Court decisions regarding current litigation, our ability to maintain favorable third party manufacturing and supplier arrangements and relationships, foreign trade risk, our ability to quickly increase capacity in response to an increase in demand, our ability to access the market, our ability to maintain or lower production costs, our ability to continue to finance research and development as well as operations and expansion of production, the impact of larger market players, specifically Becton, Dickinson and Company (“BD”), in providing devices to the safety market, and other factors referenced in Item 1A. Risk Factors in Part II.  Given these uncertainties, undue reliance should not be placed on forward-looking statements.

 

MATERIAL CHANGES IN FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Overview

 

We have been manufacturing and marketing our products since 1997.  Safety syringes comprised 93.3% of our sales in the first six months of 2017.  We also manufacture and market the blood collection tube holder, IV safety catheter, and VanishPoint® Blood Collection Set.  We currently provide other safety medical products in addition to safety products utilizing retractable technology.  One such product is the Patient Safe® syringe, which is uniquely designed to reduce the risk of bloodstream infections associated with catheter hub contamination.

 

In the second quarter of 2016, we began selling a new product, the EasyPoint® needle.  No EasyPoint® needles were sold in the first quarter of 2017.  EasyPoint® needle sales made up approximately 3% of our second quarter revenues.  The EasyPoint® is a retractable needle that can be used with Luer lock syringes, Luer slip syringes, and prefilled syringes to give injections.  The EasyPoint® needle can also be used to aspirate fluids and collect blood.

 

Historically, unit sales have increased in the latter part of the year due, in part, to the demand for syringes during the flu season.

 

Our products have been and continue to be distributed nationally and internationally through numerous distributors.  Although we have made limited progress in some areas, such as the alternate care market, our volumes are not as high as they should be given the nature and quality of our products and the federal and state legislation requiring the use of safe needle devices. The alternate care market is composed of facilities that provide long-term nursing and out-patient surgery, emergency care, physician services, health clinics, and retail pharmacies.

 

We continue to pursue various strategies to have better access to the hospital market, as well as other markets, including attempting to gain access to the market through our sales efforts, our innovative technology, introduction of new products, and, when necessary, litigation.

 

We have reported in the past that our progress is limited principally due to the practices engaged in by BD, the dominant maker and seller of disposable syringes.  We initiated a lawsuit in 2007 against BD.  As previously reported, on December 2, 2016, the Fifth Circuit Court of Appeals overturned a district court judgment that had previously awarded us $340 million in antitrust damages from BD, but affirmed a finding of false advertising liability against BD and remanded the case to the Eastern District of Texas for a redetermination as to the amount of damages to which we are entitled.  The Eastern District of Texas trial date was on May 11, 2017.  No judgment has been issued.

 

12



Table of Contents

 

We have taken steps to reduce our future litigation expenses and expect such expenses to continue to be significantly less in 2017.  We have expanded our sales and marketing staff in an effort to gain market share.  Our stock option expense for grants in 2016 will require future amortization of $206 thousand, of which approximately $190 thousand will be expensed in the third quarter of 2017.

 

The Consolidated Appropriations Act, 2016 (Pub. L. 114-113), signed into law on December 18, 2015, includes a two year moratorium on the 2.3% medical device excise tax imposed by Internal Revenue Code section 4191.  Thus, the medical device excise tax was suspended beginning on January 1, 2016 and ending on December 31, 2017.

 

We reevaluated several compensation strategies in late 2016 and early 2017.  We also approved three of our executive officers to purchase shares directly from the Company.  Thomas J. Shaw exercised a portion of such right on January 12, 2017, buying two million shares at market price for an aggregate purchase price of $1.78 million.

 

As discussed in Note 11 to the financial statements, we received $1,004,960 from our insurance carrier in the second quarter of 2017 and we expect to effect building repairs using these funds beginning in the third quarter.

 

Product purchases from our Chinese manufacturers have enabled us to increase manufacturing capacity with little capital outlay and have provided a competitive manufacturing cost.  In the first six months of 2017, our primary Chinese manufacturer produced approximately 89.1% of our VanishPoint® syringes.  In the event that we become unable to purchase products from our Chinese manufacturers, we would need to find an alternate manufacturer for the blood collection set, IV catheter, Patient Safe® syringe, 0.5mL insulin syringe, 0.5mL autodisable syringe, and 2mL, 5mL, and 10mL syringes and we would increase domestic production for the 1mL and 3mL syringes.

 

In 1995, we entered into a license agreement with Thomas J. Shaw for the exclusive right to manufacture, market, and distribute products utilizing automated retraction technology.  This technology is the subject of various patents and patent applications owned by Mr. Shaw.  The license agreement generally provides for quarterly payments of a 5% royalty fee on gross sales.

 

With increased volumes, our manufacturing unit costs have generally tended to decline.  Factors that could affect our unit costs include increases in costs by third party manufacturers, changing production volumes, costs of petroleum products, and transportation costs.  Increases in such costs may not be recoverable through price increases of our products.

 

The following discussion may contain trend information and other forward-looking statements that involve a number of risks and uncertainties.  Our actual future results could differ materially from our historical results of operations and those discussed in any forward-looking statements.  Dollar amounts have been rounded for ease of reading.  All period references are to the periods ended June 30, 2017 or 2016.

 

RESULTS OF OPERATIONS

 

Comparison of Three Months Ended June 30, 2017 and June 30, 2016

 

Domestic sales accounted for 79.2% and 91.7% of the revenues for the three months ended June 30, 2017 and 2016, respectively.  Domestic revenues decreased 12.8% principally due to decreases in sales of 1mL and 3mL syringes and the EasyPoint® needle.  Domestic unit sales decreased 14.1%.  Domestic unit sales were 69.8% of total unit sales for the three months ended June 30, 2017.  International revenue and unit sales increased 152.3% and 225.5%, respectively, due to the timing of several large orders.  Our international orders may be subject to significant fluctuation over time.  Overall unit sales increased 10.5%.

 

Gross profit decreased 15.6% primarily due to lower domestic sales volumes.

 

The Cost of manufactured product increased by 12.5% principally due to larger volumes sold.  Profit margins can fluctuate depending upon, among other things, the cost of manufactured product and the capitalized cost of product recorded in inventory, as well as product sales mix.  Royalty expense decreased 6.9% due to lower gross sales.

 

13



Table of Contents

 

Operating expenses increased 9.0% or $290 thousand.  The increase was due to stock option expense and increased staffing in sales and marketing.  Our legal expenses declined.

 

Our operating loss was $1.3 million compared to an operating loss for the same period last year of $605 thousand due primarily to lower gross profit and higher operating expenses.

 

Our effective tax rate on the net loss before income taxes was 0.0% and (0.1)% for the three months ended June 30, 2017 and June 30, 2016, respectively.

 

Comparison of Six Months Ended June 30, 2017 and June 30, 2016

 

Domestic sales accounted for 82.4% and 92.2% of the revenues for the six months ended June 30, 2017 and 2016, respectively.  Domestic revenues decreased 3.6% principally due to lower volume.  Domestic unit sales decreased 5.4%.  Domestic unit sales were 75.2% of total unit sales for the six months ended June 30, 2017.  International revenue and unit sales increased 144.6% and 183.4%, respectively, due to the timing of several large orders.  Our international orders may be subject to significant fluctuation over time.  Overall unit sales increased 13.3%.

 

Gross profit decreased 5.7% primarily due to higher per unit cost of manufacture.

 

The Cost of manufactured product increased 17.5% due to larger volumes and higher manufacturing cost per unit.  Profit margins can fluctuate depending upon, among other things, the cost of manufactured product and the capitalized cost of product recorded in inventory, as well as product sales mix.  Royalty expense increased 3.0% due to higher gross sales.

 

Operating expenses increased 10.8% or $683 thousand.  The increase was due to stock option expense and increased staffing in sales and marketing.  We also awarded bonuses to two officers in the first quarter. Our legal expenses declined.

 

Our operating loss was $2.5 million compared to an operating loss for the same period last year of $1.5 million due primarily to higher operating expenses and lower gross profit.

 

Our effective tax rate on the net loss before income taxes was 0.0% and (0.1)% for the six months ended June 30, 2017 and June 30, 2016, respectively.

 

Discussion of Balance Sheet and Statement of Cash Flow Items

 

Cash comprises 39.4% of total assets.  Working capital was $19.2 million at June 30, 2017, a decrease of $350 thousand from December 31, 2016.

 

Cash flow from operations was negative $2.0 million for the six months ended June 30, 2017 due primarily to our Net loss and increased inventory levels.  The decrease in cash was mitigated by noncash expenses of share-based compensation and depreciation and amortization.  We also received $1.0 million from our insurance carrier which will be used for repairing damage to our buildings from a hail storm, as discussed herein.

 

LIQUIDITY

 

At the present time, Management does not intend to publicly raise equity capital.  Due to the funds received from prior litigation and direct purchases of our stock, we have sufficient cash reserves and intend to rely on operations, cash reserves, and debt financing, when available, as the primary ongoing sources of cash. Our ability to obtain additional funds through loans is uncertain.  We cannot predict any recovery of damages in our litigation against BD at this time.  The ultimate outcome of this suit could have a material effect on our financial condition.

 

14



Table of Contents

 

Historical Sources of Liquidity

 

We have historically funded operations primarily from the proceeds from revenues, private placements, litigation settlements, and loans.

 

Internal Sources of Liquidity

 

Margins and Market Access

 

To routinely achieve positive or break even quarters, we need increased access to hospital markets which has been difficult to obtain.  We will continue to attempt to gain access to the market through our sales efforts, innovative technology, the introduction of new products, and, when necessary, litigation.

 

We continue to focus on methods of upgrading our manufacturing capability and efficiency in order to reduce costs.

 

Fluctuations in the cost and availability of raw materials and inventory and our ability to maintain favorable manufacturing arrangements and relationships could result in the need to manufacture all (as opposed to 17.4%) of our products in the U.S.  This could temporarily increase unit costs as we ramp up domestic production.

 

The mix of domestic and international sales affects the average sales price of our products.  Generally, the higher the ratio of domestic sales to international sales, the higher the average sales price will be.  Some international sales of our products are shipped directly from China to the customer.  The number of units produced by us versus manufactured in China can have a significant effect on the carrying costs of inventory as well as Cost of sales.  We will continue to evaluate the appropriate mix of products manufactured domestically and those manufactured in China to achieve economic benefits as well as to maintain our domestic manufacturing capability.

 

Fluctuations in the cost of oil (since our products are petroleum based) and transportation and the volume of units purchased from our Chinese manufacturers may have an impact on the unit costs of our product.  Increases in such costs may not be recoverable through price increases of our products.  Reductions in oil prices may not quickly affect petroleum product prices.

 

Seasonality

 

Historically, unit sales have increased during the flu season.

 

Cash Requirements

 

Due to funds received from prior litigation, we have sufficient cash reserves and intend to rely on operations, cash reserves, and debt financing, when available, as the primary ongoing sources of cash.  We have taken steps to decrease our legal costs and we continue to evaluate these costs.  In the future, if we need to take cost cutting measures, we may reduce the number of units being produced, reduce the workforce, reduce the salaries of officers and other employees, and/or defer royalty payments.  Some increases in compensation were made in 2016 and 2017.

 

External Sources of Liquidity

 

We have obtained several loans since our inception, which have, together with the proceeds from the sales of equities and litigation efforts, enabled us to pursue development and production of our products.  Our ability to obtain additional funds through loans is uncertain.  Due to the current market price of our Common Stock, it is unlikely we would choose to raise funds by the public sale of equity.

 

We have approved three of our executive officers to engage in private purchases of stock at market prices.  Mr. Shaw exercised a portion of his purchase right on January 12, 2017, buying two million shares at market price for an aggregate purchase price of $1.78 million.

 

15



Table of Contents

 

As discussed in Note 11 to the financial statements, we received $1,004,960 from our insurance carrier in the second quarter of 2017 and we expect to effect building repairs using these funds beginning in the third quarter.

 

CAPITAL RESOURCES

 

There were no material commitments for capital expenditures in the second quarter of 2017.

 

Item 3.                     Quantitative and Qualitative Disclosures About Market Risk.

 

No update.

 

Item 4.                     Controls and Procedures.

 

Pursuant to Rule 13a-15(b) of the Securities Exchange Act of 1934, Management, with the participation of our President, Chairman, and Chief Executive Officer, Thomas J. Shaw (the “CEO”), and our Vice President and Chief Financial Officer, Douglas W. Cowan (the “CFO”), acting in their capacities as our principal executive and principal financial officers, evaluated the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934.  The term disclosure controls and procedures means controls and other procedures that are designed to ensure that information required to be disclosed by us in our periodic reports is: i) recorded, processed, summarized, and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms; and ii) accumulated and communicated to our Management, including our principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Based upon this evaluation, the CEO and CFO concluded that, as of June 30, 2017, our disclosure controls and procedures were effective.

 

We initially reported a material weakness in our Annual Report on Form 10-K for the year ended December 31, 2015, filed on March 30, 2016, in connection with the accounting for raw materials.  We are addressing this weakness by running parallel accounting systems, including the Oracle Periodic Average Costing system, and we have enhanced our review procedures.  This approach supports achieving reliable results.  We intend to fully implement the Oracle Periodic Average Costing system by the end of 2017.

 

Changes in Internal Control Over Financial Reporting

 

We have implemented procedures to address the material weakness identified in our Form 10-K for the year ended December 31, 2015.  There have been no further changes during the second quarter of 2017 or subsequent to June 30, 2017 in our internal control over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

 

We utilize various analytical tools to ensure an accurate valuation of inventory of our raw materials.  We analyze changing prices, ensure accurate physical counts, confirm formulas used in computations, and evaluate the reasonableness of the results.  Results that do not fall within a reasonable parameter are investigated.  Such investigation may include, but is not limited to, price, quantities, and overall valuation.  The major modification we are reviewing and planning is the implementation of the Oracle Periodic Average Costing system by the end of 2017.  This system is intended to reduce or eliminate input errors for the purchase price of raw materials.

 

PART II—OTHER INFORMATION

 

Item 1.                     Legal Proceedings.

 

Please refer to Note 6 to the financial statements for a complete description of all legal proceedings.

 

Item 1A.            Risk Factors.

 

There were no material changes in the Risk Factors applicable to the Company as set forth in our Form 10-K annual report for 2016.

 

Item 3.                     Defaults Upon Senior Securities.

 

Working Capital Restrictions and Limitations on the Payment of Dividends

 

The Company declared a dividend to the Series I Class B and Series II Class B Convertible Preferred Shareholders in the aggregate amount of $55,113.  This dividend was paid on July 20, 2017.

 

16



Table of Contents

 

The certificates of designation for each of the outstanding series of Class B Convertible Preferred Stock each currently provide that, if a dividend upon any shares of Preferred Stock is in arrears, no dividends may be paid or declared upon any stock ranking junior to such stock and generally no junior preferred stock may be redeemed.  However, under certain conditions, and for certain Series of Class B Convertible Preferred Stock, we may purchase junior stock when dividends are in arrears.

 

Series I Class B Convertible Preferred Stock

 

For the six months ended June 30, 2017, no dividends were in arrears.

 

Series II Class B Convertible Preferred Stock

 

For the six months ended June 30, 2017, no dividends were in arrears.

 

Series III Class B Convertible Preferred Stock

 

For the six months ended June 30, 2017, the amount of dividends in arrears was $64,622 and the total arrearage was $4,081,000 as of June 30, 2017.

 

Series IV Class B Convertible Preferred Stock

 

For the six months ended June 30, 2017, the amount of dividends in arrears was $171,250 and the total arrearage was $5,970,000 as of June 30, 2017.

 

Series V Class B Convertible Preferred Stock

 

For the six months ended June 30, 2017, the amount of dividends in arrears was $6,400 and the total arrearage was $990,000 as of June 30, 2017.

 

Item 5.                     Other Information.

 

Our annual meeting of shareholders will be held on September 8, 2017 at 10:00 a.m. Central time and we are soliciting the vote of shareholders of Common Stock with regard to the election of Class 1 Directors.  The Proxy Statement has been delivered via the notice and access method, meaning most Common Stockholders will generally only receive a short notice notifying them of where they can download copies of the proxy materials.  Shareholders desiring paper copies of the proxy materials may request them.

 

Item 6.                     Exhibits.

 

Exhibit No.

 

Description of Document

 

 

 

31.1

 

Certification of Principal Executive Officer

 

 

 

31.2

 

Certification of Principal Financial Officer

 

 

 

32

 

Certification Pursuant to 18 U.S.C. Section 1350

 

 

 

101

 

The following materials from Retractable Technologies, Inc.’s Form 10-Q for the quarter ended June 30, 2017, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Balance Sheets as of June 30, 2017 and December 31, 2016, (ii) Condensed Statements of Operations for the six months and three months ended June 30, 2017 and 2016, (iii) Condensed Statements of Cash Flows for the six months ended June 30, 2017 and 2016, and (iv) Notes to Condensed Financial Statements

 

17



Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

DATE:

August 14, 2017

RETRACTABLE TECHNOLOGIES, INC.

 

 

(Registrant)

 

 

 

 

 

 

 

 

BY:

/s/ Douglas W. Cowan

 

 

 

DOUGLAS W. COWAN
VICE PRESIDENT,
CHIEF FINANCIAL OFFICER, AND
CHIEF ACCOUNTING OFFICER

 

18


EX-31.1 2 a17-13299_1ex31d1.htm EX-31.1

 

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

Exhibit 31.1

 

I, Thomas J. Shaw, certify that:

 

1.              I have reviewed this quarterly report on Form 10-Q of Retractable Technologies, Inc.;

 

2.              Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.              Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.              The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)         Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)          Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)         Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.              The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)         All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b)         Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date:                  August 14, 2017

 

/s/ Thomas J. Shaw                             

 

THOMAS J. SHAW

 

PRESIDENT, CHAIRMAN, AND

 

CHIEF EXECUTIVE OFFICER

 

 


EX-31.2 3 a17-13299_1ex31d2.htm EX-31.2

 

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

Exhibit 31.2

 

I, Douglas W. Cowan, certify that:

 

1.              I have reviewed this quarterly report on Form 10-Q of Retractable Technologies, Inc.;

 

2.              Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.              Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.              The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)         Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)          Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)         Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.              The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)         All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b)         Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date:                  August 14, 2017

 

/s/ Douglas W. Cowan                                     

 

DOUGLAS W. COWAN

 

VICE PRESIDENT,

 

CHIEF FINANCIAL OFFICER,

 

AND CHIEF ACCOUNTING OFFICER

 

 


EX-32 4 a17-13299_1ex32.htm EX-32

Exhibit 32

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

Solely in connection with the filing of the Quarterly Report of Retractable Technologies, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2017, as filed with the United States Securities and Exchange Commission on the date hereof (the “Report”), the undersigned Thomas J. Shaw, Chief Executive Officer, and Douglas W. Cowan, Chief Financial Officer, do hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)                                 The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2)                                 The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer.

 

Date:      August 14, 2017

 

 

/s/ Thomas J. Shaw                                                       

 

THOMAS J. SHAW

 

PRESIDENT, CHAIRMAN, AND

 

CHIEF EXECUTIVE OFFICER

 

 

 

 

 

/s/ Douglas W. Cowan                                                  

 

DOUGLAS W. COWAN

 

VICE PRESIDENT, CHIEF FINANCIAL OFFICER,

 

AND CHIEF ACCOUNTING OFFICER

 


EX-101.INS 5 rvp-20170630.xml XBRL INSTANCE DOCUMENT 0000946563 rvp:ThomasJShawMember us-gaap:ExecutiveOfficerMember us-gaap:PrivatePlacementMember 2017-01-12 2017-01-12 0000946563 rvp:OtherInternationalMember 2017-04-01 2017-06-30 0000946563 rvp:NorthAndSouthAmericaExcludingUnitedStatesMember 2017-04-01 2017-06-30 0000946563 country:US 2017-04-01 2017-06-30 0000946563 rvp:OtherInternationalMember 2017-01-01 2017-06-30 0000946563 rvp:NorthAndSouthAmericaExcludingUnitedStatesMember 2017-01-01 2017-06-30 0000946563 country:US 2017-01-01 2017-06-30 0000946563 rvp:OtherInternationalMember 2016-04-01 2016-06-30 0000946563 rvp:NorthAndSouthAmericaExcludingUnitedStatesMember 2016-04-01 2016-06-30 0000946563 country:US 2016-04-01 2016-06-30 0000946563 rvp:OtherInternationalMember 2016-01-01 2016-06-30 0000946563 rvp:NorthAndSouthAmericaExcludingUnitedStatesMember 2016-01-01 2016-06-30 0000946563 country:US 2016-01-01 2016-06-30 0000946563 us-gaap:FurnitureAndFixturesMember us-gaap:MinimumMember 2017-01-01 2017-06-30 0000946563 us-gaap:FurnitureAndFixturesMember us-gaap:MaximumMember 2017-01-01 2017-06-30 0000946563 us-gaap:EquipmentMember us-gaap:MinimumMember 2017-01-01 2017-06-30 0000946563 us-gaap:EquipmentMember us-gaap:MaximumMember 2017-01-01 2017-06-30 0000946563 us-gaap:BuildingMember 2017-01-01 2017-06-30 0000946563 us-gaap:BuildingImprovementsMember 2017-01-01 2017-06-30 0000946563 rvp:SeriesTwoConvertibleClassBPreferredStockMember 2017-06-30 0000946563 rvp:SeriesThreeConvertibleClassBPreferredStockMember 2017-06-30 0000946563 rvp:SeriesOneConvertibleClassBPreferredStockMember 2017-06-30 0000946563 rvp:SeriesFourConvertibleClassBPreferredStockMember 2017-06-30 0000946563 rvp:SeriesFiveConvertibleClassBPreferredStockMember 2017-06-30 0000946563 rvp:SeriesTwoConvertibleClassBPreferredStockMember 2016-12-31 0000946563 rvp:SeriesThreeConvertibleClassBPreferredStockMember 2016-12-31 0000946563 rvp:SeriesOneConvertibleClassBPreferredStockMember 2016-12-31 0000946563 rvp:SeriesFourConvertibleClassBPreferredStockMember 2016-12-31 0000946563 rvp:SeriesFiveConvertibleClassBPreferredStockMember 2016-12-31 0000946563 rvp:InternationalMember 2017-06-30 0000946563 country:US 2017-06-30 0000946563 rvp:InternationalMember 2016-12-31 0000946563 country:US 2016-12-31 0000946563 rvp:BectonDickinsonAndCompanyCaseMember 2013-09-09 2013-09-09 0000946563 rvp:SeriesTwoConvertibleClassBPreferredStockMember 2017-07-20 2017-07-20 0000946563 rvp:SeriesOneConvertibleClassBPreferredStockMember 2017-07-20 2017-07-20 0000946563 rvp:SeriesTwoConvertibleClassBPreferredStockMember 2017-04-27 2017-04-27 0000946563 rvp:SeriesOneConvertibleClassBPreferredStockMember 2017-04-27 2017-04-27 0000946563 rvp:SeriesTwoConvertibleClassBPreferredStockMember 2016-07-28 2016-07-28 0000946563 rvp:SeriesOneConvertibleClassBPreferredStockMember 2016-07-28 2016-07-28 0000946563 rvp:SeriesTwoConvertibleClassBPreferredStockMember 2016-04-21 2016-04-21 0000946563 rvp:SeriesOneConvertibleClassBPreferredStockMember 2016-04-21 2016-04-21 0000946563 rvp:Ms.LariosMember us-gaap:ExecutiveOfficerMember 2017-02-28 0000946563 rvp:Mr.CowanMember us-gaap:ExecutiveOfficerMember 2017-02-28 0000946563 us-gaap:SalesMember us-gaap:CustomerConcentrationRiskMember 2017-04-01 2017-06-30 0000946563 us-gaap:CostOfGoodsProductLineMember us-gaap:SupplierConcentrationRiskMember 2017-04-01 2017-06-30 0000946563 us-gaap:SalesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-06-30 0000946563 us-gaap:CostOfGoodsProductLineMember us-gaap:SupplierConcentrationRiskMember 2017-01-01 2017-06-30 0000946563 us-gaap:SalesMember us-gaap:CustomerConcentrationRiskMember 2016-04-01 2016-06-30 0000946563 us-gaap:CostOfGoodsProductLineMember us-gaap:SupplierConcentrationRiskMember 2016-04-01 2016-06-30 0000946563 us-gaap:SalesMember us-gaap:CustomerConcentrationRiskMember 2016-01-01 2016-06-30 0000946563 us-gaap:CostOfGoodsProductLineMember us-gaap:SupplierConcentrationRiskMember 2016-01-01 2016-06-30 0000946563 rvp:ThomasJShawMember us-gaap:ExecutiveOfficerMember us-gaap:PrivatePlacementMember 2018-09-09 0000946563 rvp:Ms.LariosMember us-gaap:ExecutiveOfficerMember us-gaap:PrivatePlacementMember 2018-09-09 0000946563 rvp:Mr.CowanMember us-gaap:ExecutiveOfficerMember us-gaap:PrivatePlacementMember 2018-09-09 0000946563 2016-06-30 0000946563 2015-12-31 0000946563 us-gaap:SellingAndMarketingExpenseMember 2017-04-01 2017-06-30 0000946563 us-gaap:ResearchAndDevelopmentExpenseMember 2017-04-01 2017-06-30 0000946563 us-gaap:GeneralAndAdministrativeExpenseMember 2017-04-01 2017-06-30 0000946563 us-gaap:CostOfSalesMember 2017-04-01 2017-06-30 0000946563 us-gaap:SellingAndMarketingExpenseMember 2017-01-01 2017-06-30 0000946563 us-gaap:ResearchAndDevelopmentExpenseMember 2017-01-01 2017-06-30 0000946563 us-gaap:GeneralAndAdministrativeExpenseMember 2017-01-01 2017-06-30 0000946563 us-gaap:CostOfSalesMember 2017-01-01 2017-06-30 0000946563 2017-04-01 2017-06-30 0000946563 2016-04-01 2016-06-30 0000946563 2016-01-01 2016-06-30 0000946563 2017-03-26 2017-03-26 0000946563 rvp:BDAndMDCInvestmentHoldingsIncCaseMember 2007-09-30 0000946563 rvp:BectonDickinsonAndCompanyCaseMember 2015-01-15 2015-01-15 0000946563 rvp:BectonDickinsonAndCompanyCaseMember 2017-01-01 2017-06-30 0000946563 us-gaap:MaximumMember 2017-03-26 2017-03-26 0000946563 2017-06-30 0000946563 2016-12-31 0000946563 2017-08-01 0000946563 2017-01-01 2017-06-30 iso4217:USD xbrli:shares xbrli:pure rvp:customer rvp:building rvp:item iso4217:USD xbrli:shares false --12-31 Q2 2017 2017-06-30 10-Q 0000946563 31666454 Yes Smaller Reporting Company RETRACTABLE TECHNOLOGIES INC 3591534 3479252 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BONUSES</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In February&nbsp;of 2017, Mr.&nbsp;Cowan and Ms.&nbsp;Larios were each granted cash bonuses of $250,000.&nbsp;&nbsp;Ms.&nbsp;Larios received her bonus in the first quarter of 2017.&nbsp;&nbsp;Mr.&nbsp;Cowan will receive his bonus later this year. Bonuses payable are included in accrued compensation in the Condensed Balance Sheets.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 25000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DIVIDENDS</font> </p> <p style="margin:0pt 0pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company declared dividends in the first quarter of 2016 in the amounts of $12,313 and $42,800 paid to Series&nbsp;I Class&nbsp;B and Series&nbsp;II Class&nbsp;B Preferred Stockholders, respectively, on April&nbsp;21, 2016.&nbsp;&nbsp;The Company declared dividends in the second quarter of 2016 in the amounts of $12,313 and $42,800 paid to Series&nbsp;I Class&nbsp;B and Series&nbsp;II Class&nbsp;B Preferred Stockholders, respectively, on July&nbsp;28, 2016.&nbsp;&nbsp;The Company declared dividends in the first quarter of 2017 in the amounts of $12,313 and $42,800 paid to Series&nbsp;I Class&nbsp;B and Series&nbsp;II Class&nbsp;B Preferred Stockholders, respectively, on April&nbsp;27, 2017. The Company declared dividends in the second quarter of 2017 in the amounts of $12,313 and $42,800 paid to Series&nbsp;I Class&nbsp;B and Series&nbsp;II Class&nbsp;B Preferred Stockholders, respectively, on July&nbsp;20, 2017.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 1004960 P3Y P3Y 295000 2 2 3 0 2 1 1 2 0.01 2 P12M P10D <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:54pt;"> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Production equipment</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">3 to 13 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Office furniture and equipment</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">3 to 10 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Buildings</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">39 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Building improvements</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">15 years</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTHER ACCRUED LIABILITIES</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other accrued liabilities consist of the following:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:24.5pt;"> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">June&nbsp;30, 2017</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Prepayments from customers</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>457,398 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>692,922 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Accrued property taxes</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>242,050 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Accrued professional fees</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,808 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>266,747 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other accrued expenses</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,139 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,614 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>893,395 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,283 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 4471756 4445649 3267838 3471523 242050 266747 127808 659443 635554 59290333 61430417 470309 196117 136800 32715 104677 235411 98356 68655 16407 51993 678349 147775 38778979 39269565 26676653 27441882 18045044 17213810 16199043 15472553 -831234 -726490 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Cash and cash equivalents</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">For purposes of reporting cash flows, cash and cash equivalents include cash, money market accounts, and investments with original maturities of three months or less.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COMMITMENTS AND CONTINGENCIES</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In May&nbsp;2010, the Company and an officer&#x2019;s suit against Becton, Dickinson and Company (&#x201C;BD&#x201D;) in the U.S. District Court for the Eastern District of Texas, Marshall Division alleging violations of antitrust acts, false advertising, product disparagement, tortious interference, and unfair competition was reopened.&nbsp;&nbsp;The trial commenced on September&nbsp;9, 2013, in the U.S. District Court for the Eastern District of Texas, Tyler Division, and the jury found that BD illegally engaged in anticompetitive conduct with the intent to acquire or maintain monopoly power in the safety syringe market and engaged in false advertising under the Lanham Act.&nbsp;&nbsp;The jury awarded the Company $113,508,014 in damages, which was trebled pursuant to statute.&nbsp;&nbsp;The Court granted injunctive relief to take effect January&nbsp;15, 2015.&nbsp;&nbsp;In doing so, the Court found that BD&#x2019;s business practices limited innovation, including false advertisements that suppressed sales of the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> syringes.&nbsp;&nbsp;The specific injunctive relief includes: (1)&nbsp;enjoining BD&#x2019;s use of &#x201C;World&#x2019;s Sharpest Needle&#x201D; or any similar assertion of superior sharpness; (2)&nbsp;requiring notification to all customers who purchased BD syringe products from July&nbsp;2, 2004 to date that BD wrongfully claimed that its syringe needles were sharper and that its statement that it had &#x201C;data on file&#x201D; was false and misleading; (3)&nbsp;requiring notification to employees, customers, distributors, GPOs, and government agencies that the deadspace of the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> has been within ISO standards since 2004 and that BD overstated the deadspace of the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> to represent that it was higher than some of BD&#x2019;s syringes when it was actually less, and that BD&#x2019;s statement that it had &#x201C;data on file&#x201D; was false and misleading, and, in addition, posting this notice on its website for a period of three years; (4)&nbsp;enjoining BD from advertising that its syringe products save medication as compared to VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> products for a period of three years; (5)&nbsp;requiring notification to all employees, customers, distributors, GPOs, and government agencies that BD&#x2019;s website, cost calculator, printed materials, and oral representations alleging BD&#x2019;s syringes save medication as compared to the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> were based on false and inaccurate measurement of the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;">, and, in addition, posting this notice on its website for a period of three years; and (6)&nbsp;requiring the implementation of a comprehensive training program for BD employees and distributors that specifically instructs them not to use old marketing materials and not to make false representations regarding VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> syringes.&nbsp;&nbsp;Final judgment was entered on January&nbsp;15, 2015, awarding the Company $340,524,042 in damages and $11,722,823 in attorneys&#x2019; fees, as well as granting injunctive relief consistent with the orders as indicated above.&nbsp;&nbsp;The parties stipulated that the amount of litigation costs recoverable by the Company is $295,000.&nbsp;&nbsp;On January&nbsp;14, 2015, the District Court stayed the portion of the injunctive relief that requires BD to notify end-user customers but also ordered BD to comply with internal correction activities as well as mandatory disclosures as set out above to its employees, customers, distributors and Group Purchasing Organizations.&nbsp;&nbsp;BD filed an appeal of that ruling with the 5</font><font style="display:inline;font-size:6.5pt;">th</font><font style="display:inline;"> Circuit Court of Appeals and that appeal was denied on February&nbsp;3, 2015.&nbsp;&nbsp;On February&nbsp;12, 2015, BD filed a motion to amend the judgment directed most specifically to the issue of award of prejudgment interest.&nbsp;&nbsp;On April&nbsp;23, 2015, the Court entered an Amended Final Judgment that removed prejudgment interest but kept all other monetary and injunctive relief the same as was granted in the original Final Judgment.&nbsp;&nbsp;BD filed its brief in the appeal on July&nbsp;20, 2015.&nbsp;&nbsp;Oral argument occurred on Monday, February&nbsp;29, 2016.&nbsp;&nbsp;On December&nbsp;2, 2016, the 5th Circuit Court of Appeals overturned the antitrust damages.&nbsp;&nbsp;The finding of false advertising liability was affirmed and the case was remanded to the Eastern District of Texas for a redetermination as to the amount of damages to which the Company is entitled.&nbsp;&nbsp;The Company&#x2019;s petition for certiorari to the U.S. Supreme Court was denied on March&nbsp;20, 2017.&nbsp;&nbsp;The Eastern District of Texas trial date was May&nbsp;11, 2017.&nbsp;&nbsp;The Court announced that it will issue its decision within three months of May&nbsp;11, 2017.&nbsp;&nbsp;No decision has been issued.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In September&nbsp;2007, BD and MDC Investment Holdings,&nbsp;Inc. (&#x201C;MDC&#x201D;) sued the Company in the United States District Court for the Eastern District of Texas, Texarkana Division, initially alleging that the Company is infringing two U.S. patents of MDC (6,179,812 and 7,090,656) that are licensed to BD.&nbsp;&nbsp;BD and MDC seek injunctive relief and unspecified damages.&nbsp;&nbsp;The Company counterclaimed for declarations of non-infringement, invalidity, and unenforceability of the asserted patents.&nbsp;&nbsp;The plaintiffs subsequently dropped allegations with regard to patent no. 7,090,656 and the Company subsequently dropped its counterclaims for unenforceability of the asserted patents.&nbsp;&nbsp;On June&nbsp;30, 2015, the Court ordered that further proceedings in this matter be stayed and that this case remain administratively closed until resolution of all appeals in the case detailed in the preceding paragraph.&nbsp;&nbsp;The case remains stayed as a result of the ongoing proceedings regarding the Lanham Act claims in the separate proceeding described above.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Litigation proceeds</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Proceeds from litigation are recognized when realizable.&nbsp;&nbsp;Generally, realization is not reasonably assured and expected until proceeds are collected and the legal proceeding has concluded.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 500000 500000 1000000 0 0 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Concentration risks</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s financial instruments exposed to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable.&nbsp;&nbsp;Cash balances, some of which exceed federally insured limits, are maintained in financial institutions; however, Management believes the institutions are of high credit quality.&nbsp;&nbsp;The majority of accounts receivable are due from companies which are well-established entities.&nbsp;&nbsp;As a consequence, Management considers any exposure from concentrations of credit risks to be limited.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The following table reflects our significant customers for the first three and six months of 2017 and 2016:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="bottom" style="width:38.28%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Number of significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Aggregate dollar amount of net sales to significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$4.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$6.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$3.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$2.8 million</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Percentage of net sales to significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28.0% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44.9% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40.2% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.3% </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company manufactures some of its products in Little Elm, Texas as well as utilizing manufacturers in China.&nbsp;&nbsp;The Company purchases most of its product components from single suppliers, including needle adhesives and packaging materials.&nbsp;&nbsp;There are multiple sources of these materials.&nbsp;&nbsp;The Company obtained roughly 89.1% and 78.2% of its VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE; &nbsp;</font><font style="display:inline;">syringes in the first six months of 2017 and 2016, respectively, from its primary Chinese manufacturer.&nbsp;&nbsp;Purchases from this Chinese manufacturer aggregated 90.1% and 91.8% of VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE; &nbsp;</font><font style="display:inline;">syringes in the three month periods ended June&nbsp;30, 2017 and 2016, respectively.&nbsp;&nbsp;In the event that the Company becomes unable to purchase products from its Chinese manufacturers, the Company would need to find an alternate manufacturer for its blood collection set,&nbsp;IV catheter, Patient Safe</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> syringe, 0.5mL insulin syringe, 0.5mL autodisable syringe, and 2mL, 5mL, and 10mL syringes and would increase domestic production for the 1mL and 3mL syringes.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 0.782 0.449 0.918 0.373 0.891 0.280 0.901 0.402 8688384 4956412 10035806 5437049 7500607 4274010 8812408 4801495 692922 457398 250000 250000 446798 405102 1187777 682402 1223398 635554 55113 55113 55113 12313 42800 12313 42800 55113 12313 42800 12313 42800 -0.07 -0.03 -0.09 -0.05 -0.07 -0.03 -0.09 -0.05 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Loss per share</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company computes basic loss per share by dividing net loss for the period (adjusted for any cumulative dividends for the period) by the weighted average number of common shares outstanding during the period.&nbsp;&nbsp;Diluted loss per share includes the determinants of basic loss per share and, in addition, reflects the dilutive effect, if any, of the common stock deliverable pursuant to stock options or common stock issuable upon the conversion of convertible preferred stock.&nbsp;&nbsp;The calculation of diluted loss per share excluded 147,775 and 678,349 shares of Common Stock underlying issued and outstanding stock options at June&nbsp;30, 2017 and June&nbsp;30, 2016, respectively, as their effect was antidilutive.&nbsp;&nbsp;The potential dilution, if any, is shown on the following schedule:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.4pt;"> <tr> <td valign="bottom" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net loss</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,349,346 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(656,694 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,539,291 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,595,785 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Preferred dividend requirements</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(176,249 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(176,249 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(352,498 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(352,498 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Loss applicable to common shareholders </font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,525,595 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(832,943 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,891,789 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,948,283 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average common shares outstanding</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,666,454 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,483,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,499,787 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,054,041 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average common and common equivalent shares outstanding - assuming dilution</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,666,454 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,483,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,499,787 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,054,041 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Basic loss per share</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.05 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.03 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Diluted loss per share</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.05 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.03 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> -0.001 -0.001 0.000 0.000 536456 814604 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Financial instruments</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company estimates the fair value of financial instruments through the use of public market prices, quotes from financial institutions, and other available information.&nbsp;&nbsp;Judgment is required in interpreting data to develop estimates of fair value and, accordingly, amounts are not necessarily indicative of the amounts that could be realized in a current market exchange.&nbsp;&nbsp;Short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and other liabilities, consist primarily of instruments without extended maturities, the fair value of which, based on Management&#x2019;s estimates, equals their recorded values.&nbsp;&nbsp;The fair value of long-term liabilities, based on Management&#x2019;s estimates, approximates their reported values.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 4140839 2091151 4433907 2133040 4808651 2618641 4533991 2209068 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Long-lived assets</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets.&nbsp;&nbsp;In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> -1594825 -656214 -2538726 -1349064 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INCOME TAXES</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s effective tax rate on the net loss before income taxes was 0.0% and (0.1) for the six months ended June&nbsp;30, 2017 and June&nbsp;30, 2016, respectively.&nbsp;&nbsp;For the three months ended June&nbsp;30, 2017 and June&nbsp;30, 2016, the Company&#x2019;s effective tax rate on the net loss before income taxes was 0.0% and (0.1)%, respectively.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 2000 960 480 565 282 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Income taxes</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company evaluates tax positions taken or expected to be taken in a tax return for recognition in the financial statements based on whether it is &#x201C;more-likely-than-not&#x201D; that a tax position will be sustained based upon the technical merits of the position.&nbsp;&nbsp;Measurement of the tax position is based upon the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company provides for deferred income taxes through utilizing an asset and liability approach for financial accounting and reporting based on the tax effects of differences between the financial statement and tax bases of assets and liabilities, based on enacted rates expected to be in effect when such differences reverse in future periods.&nbsp;&nbsp;Deferred tax assets are periodically reviewed for realizability.&nbsp;&nbsp;The Company has established a valuation allowance for its net deferred tax asset as future taxable income cannot be reasonably assured.&nbsp;&nbsp;Penalties and interest related to income tax are classified as General and administrative expense and Interest expense, respectively, in the Condensed Statements of Operations.&nbsp;&nbsp;Such expenses are not material.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> -677846 -26107 84228 203685 322807 128371 1004960 -18003 1032175 -986438 255859 750 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Insurance Proceeds</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Receipts from insurance up to the amount of any loss recognized by the Company are considered recoveries. Any such recoveries are recorded when they are received. Insurance recoveries are not recognized as a component of earnings (loss) from operations until all repairs are made.</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 106333 56710 106091 58028 106332 106090 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INVENTORIES</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Inventories consist of the following:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:22.5pt;"> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">June&nbsp;30, 2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Raw materials</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,489,305 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,303,278 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finished goods</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,155,617 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,309,469 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,644,922 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,612,747 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Inventory reserve</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(595,523 </td> <td valign="bottom" style="width:01.30%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(595,523 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,049,399 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,017,224 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 6309469 7155617 7612747 8644922 7017224 8049399 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Inventories</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Inventories are valued at the lower of cost or net realizable value, with cost being determined using actual average cost.&nbsp;&nbsp;The Company compares the average cost to the net realizable value and records the lower value.&nbsp;&nbsp;Management considers such factors as the amount of inventory on hand and in the distribution channel, estimated time to sell such inventory, the shelf life of inventory, and current market conditions when determining excess or obsolete inventories.&nbsp;&nbsp;A reserve is established for any excess or obsolete inventories or they may be written off.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 1303278 1489305 595523 595523 11213 6032 24678 14173 11722823 10670688 11560481 38778979 39269565 7172444 8290246 430393 440971 3498244 3270235 113508014 340524042 604509 1452344 -928180 -130459 -507563 -2048375 -1595785 -656694 -2539291 -1349346 -1948283 -832943 -2891789 -1525595 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Recent pronouncements</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In July&nbsp;2015, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) No.&nbsp;2015-11, &#x201C;Inventory (Topic 330) Simplifying the Measurement of Inventory,&#x201D; which is part of the FASB&#x2019;s Simplification Initiative.&nbsp;&nbsp;Inventory, including inventory measured at average cost, would be valued at the lower of cost or net realizable value.&nbsp;&nbsp;Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.&nbsp;&nbsp;ASU 2015-11 is effective for the Company&#x2019;s annual periods and interim periods within those annual periods beginning January&nbsp;1, 2017.&nbsp;&nbsp;Amendments in this ASU should be applied prospectively with earlier application permitted at the beginning of an interim or annual reporting period.&nbsp;&nbsp;The adoption of this pronouncement had no impact on the Company&#x2019;s Balance Sheet, Results of Operations, or Cash Flows in the period of adoption.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In November&nbsp;2016, the FASB issued ASU 2016-18, &#x201C;Statement of Cash Flows (Topic 230): Restricted Cash&#x201D;.&nbsp;&nbsp;These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The updated guidance is effective for the Company&#x2019;s quarter ending March&nbsp;31, 2018, with early adoption permitted.&nbsp;&nbsp;The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In June&nbsp;2016, the FASB issued Accounting Standards Update 2016-13, &#x201C;Financial Instruments &#x2014;Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments&#x201D;.&nbsp;&nbsp;Among other things, these amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.&nbsp;&nbsp;Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses.&nbsp;&nbsp;This ASU is effective for the Company&#x2019;s quarter ending March&nbsp;31, 2020 with early application permitted for the Company&#x2019;s quarter ending March&nbsp;31, 2019.&nbsp;&nbsp;The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In February&nbsp;2016, the FASB issued ASU No.&nbsp;2016-02, Leases (topic 842). Under the new ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1)&nbsp;a lease liability, which is a lessee&#x2019;s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2)&nbsp;a right-of-use asset, which is an asset that represents the lessee&#x2019;s right to use, or control the use of, a specified asset for the lease term. Under the new guidance lessor accounting is largely unchanged. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. This ASU is effective for the Company&#x2019;s quarter ending March&nbsp;31, 2019, with early adoption permitted. The Company is currently evaluating the impact of this standard.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In May&nbsp;2014, FASB issued ASU No.&nbsp;2014-09, &#x201C;Revenue from Contracts with Customers&#x201D;, which provides guidance for revenue recognition.&nbsp;&nbsp;This ASU&#x2019;s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects consideration to which the company expects to be entitled in exchange for those goods or services.&nbsp;&nbsp;This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. &nbsp;ASU No.&nbsp;2014-09 allows for either full retrospective or modified retrospective adoption.&nbsp; In July&nbsp;2015, the FASB voted to delay the effective date of this ASU by one year.&nbsp;&nbsp;The ASU will now be effective commencing with the Company&#x2019;s quarter ending March&nbsp;31, 2018.&nbsp;&nbsp;Early adoption of this ASU is allowed no sooner than the original effective date.&nbsp;&nbsp;The Company is currently assessing the potential impact of this ASU on its financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 11930293 161744 11669906 149682 6308356 3224177 6991304 3514277 -1499705 -605536 -2457313 -1305209 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Business of the Company</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Retractable Technologies,&nbsp;Inc. (the &#x201C;Company&#x201D;) was incorporated in Texas on May&nbsp;9, 1994, and designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.&nbsp;&nbsp;The Company began to develop its manufacturing operations in 1995.&nbsp;&nbsp;The Company&#x2019;s manufacturing and administrative facilities are located in Little Elm, Texas.&nbsp;&nbsp;The Company&#x2019;s products are the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the blood collection tube holder; the small diameter tube adapter; the allergy tray; the IV safety catheter; the Patient Safe</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> syringes; the Patient Safe</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> Luer Cap; the VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE; &nbsp;</font><font style="display:inline;">Blood Collection Set; and the EasyPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> needle.&nbsp;&nbsp;The Company also sells VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE; &nbsp;</font><font style="display:inline;">autodisable syringes in the international market in addition to the Company&#x2019;s other products.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Basis of presentation</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The accompanying condensed financial statements are unaudited and, in the opinion of Management, reflect all adjustments that are necessary for a fair presentation of the financial position and results of operations for the periods presented.&nbsp;&nbsp;All such adjustments are of a normal and recurring nature.&nbsp;&nbsp;The results of operations for the periods presented are not necessarily indicative of the results to be expected for the entire year.&nbsp;&nbsp;The condensed financial statements should be read in conjunction with the financial statement disclosures contained in the Company&#x2019;s audited financial statements incorporated into its Form&nbsp;10-K filed on March&nbsp;31, 2017 for the year ended December&nbsp;31, 2016.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 1019283 893395 10289 8095 192548 448407 59614 66139 110528 110225 928180 130459 352498 176249 352498 176249 1 1 40000 342500 98500 129245 171200 40000 342500 98500 129245 171200 1780000 -124163 -217431 839200 -1595785 -2539291 12092037 11819588 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Property, plant, and equipment</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Property, plant, and equipment are stated at cost.&nbsp;&nbsp;Expenditures for maintenance and repairs are charged to operations as incurred.&nbsp;&nbsp;Cost includes major expenditures for improvements and replacements which extend useful lives or increase capacity and interest cost associated with significant capital additions.&nbsp;&nbsp;Gains or losses from property disposals are included in income.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s property, plant, and equipment primarily consist of buildings, land, assembly equipment, molding machines, molds, office equipment, furniture, and fixtures.&nbsp;&nbsp;Depreciation and amortization are calculated using the straight-line method over the following useful lives:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:54pt;"> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Production equipment</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">3 to 13 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Office furniture and equipment</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">3 to 10 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Buildings</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">39 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Building improvements</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">15 years</font></p> </td> </tr> </table></div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> P15Y P39Y P13Y P3Y P10Y P3Y 77000 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Accounts receivable</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company records trade receivables when revenue is recognized.&nbsp;&nbsp;No product has been consigned to customers.&nbsp;&nbsp;The Company&#x2019;s allowance for doubtful accounts is primarily determined by review of specific trade receivables.&nbsp;&nbsp;Those accounts that are doubtful of collection are included in the allowance.&nbsp;&nbsp;This provision is reviewed to determine the adequacy of the allowance for doubtful accounts.&nbsp;&nbsp;Trade receivables are charged off when there is certainty as to their being uncollectible.&nbsp;&nbsp;Trade receivables are considered delinquent when payment has not been made within contract terms.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company requires certain customers to make a prepayment prior to beginning production or shipment of their order.&nbsp;&nbsp;Customers may apply such prepayments to their outstanding invoices or pay the invoice and continue to carry forward the deposit for future orders.&nbsp;&nbsp;Such amounts are included in Other accrued liabilities on the Condensed Balance Sheets and are shown in Note 5, Other Accrued Liabilities. The Company records an allowance for estimated returns as a reduction to Accounts receivable and Gross sales.&nbsp;&nbsp;Historically, returns have been immaterial.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRIVATE PURCHASE</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company approved three of its executive officers to purchase shares directly from the Company.&nbsp;&nbsp;Thomas J. Shaw, CEO, exercised a portion of such right on January&nbsp;12, 2017, buying two million shares at market price for an aggregate purchase price of $1.78 million.&nbsp;&nbsp;Mr.&nbsp;Shaw has one million additional shares authorized for purchase at market price any time prior to September&nbsp;9, 2018.&nbsp;&nbsp;Mr.&nbsp;Cowan, CFO, and Ms.&nbsp;Larios, Vice President and General Counsel, are authorized to purchase 500,000 shares each at market price any time prior to September&nbsp;9, 2018.&nbsp;&nbsp;The approximate dollar value of these potential future purchases cannot be predicted.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 271773 146854 305844 157395 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Research and development costs</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Research and development costs are expensed as incurred.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> -31963487 -34502778 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Revenue recognition</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Revenue is recognized for sales when title and risk of ownership passes to the customer, generally upon shipment.&nbsp;&nbsp;Under certain contracts, revenue is recorded on the basis of sales price to distributors, less contractual pricing allowances.&nbsp;&nbsp;Contractual pricing allowances consist of: (i)&nbsp;rebates granted to distributors who provide tracking reports which show, among other things, the facility that purchased the products, and (ii)&nbsp;a provision for estimated contractual pricing allowances for products for which the Company has not received tracking reports.&nbsp;&nbsp;Rebates are recorded when issued and are applied against the customer&#x2019;s receivable balance.&nbsp;&nbsp;Distributors receive a rebate for the difference between the Wholesale Acquisition Cost and the appropriate contract price as reflected on a tracking report provided by the distributor to the Company. If product is sold by a distributor to an entity that has no contract, there is a standard rebate (lower than a contracted rebate) given to the distributor.&nbsp;&nbsp;One of the purposes of the rebate is to encourage distributors to submit tracking reports to the Company. The provision for contractual pricing allowances is reviewed at the end of each quarter and adjusted for changes in levels of products for which there is no tracking report.&nbsp;&nbsp;Additionally, if it becomes clear that tracking reports will not be provided by individual distributors, the provision is further adjusted.&nbsp;&nbsp;The estimated contractual allowance is included in Accounts payable in the Balance Sheets and deducted from revenues in the Statements of Operations.&nbsp;&nbsp;Accounts payable included estimated contractual allowances for $3,479,252 and $3,591,534 as of June&nbsp;30, 2017 and December&nbsp;31, 2016, respectively.&nbsp;&nbsp;The terms and conditions of contractual pricing allowances are governed by contracts between the Company and its distributors.&nbsp;&nbsp;Revenue for shipments directly to end-users is recognized when title and risk of ownership pass from the Company.&nbsp;&nbsp;Any product shipped or distributed for evaluation purposes is expensed.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s domestic return policy is set forth in its standard Distribution Agreement.&nbsp;&nbsp;This policy provides that a customer may return incorrect shipments within 10 days following arrival at the distributor&#x2019;s facility.&nbsp;&nbsp;In all such cases, the distributor must obtain an authorization code from the Company and affix the code to the returned product.&nbsp;&nbsp;The Company will not accept returned goods without a returned goods authorization number.&nbsp;&nbsp;The Company may refund the customer&#x2019;s money or replace the product.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s domestic return policy also generally provides that a customer may return product that is overstocked.&nbsp;&nbsp;Overstocking returns are limited to two times in each 12-month period up to 1% of distributor&#x2019;s total purchase of products for the prior 12-month period.&nbsp;&nbsp;All product overstocks and returns are subject to inspection and acceptance by the Company.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s international distribution agreements generally do not provide for any returns.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 13497035 12447489 651874 397672 6100000 7575053 6944479 304210 326364 2800000 14569797 12003000 1827560 739237 4100000 7646117 6055144 1331029 259944 3100000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:24.5pt;"> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">June&nbsp;30, 2017</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Prepayments from customers</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>457,398 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>692,922 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Accrued property taxes</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>242,050 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Accrued professional fees</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,808 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>266,747 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other accrued expenses</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,139 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,614 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>893,395 </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.96%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,283 </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.82%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.4pt;"> <tr> <td valign="bottom" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net loss</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,349,346 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(656,694 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,539,291 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,595,785 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Preferred dividend requirements</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(176,249 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(176,249 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(352,498 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(352,498 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Loss applicable to common shareholders </font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,525,595 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(832,943 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,891,789 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,948,283 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average common shares outstanding</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,666,454 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,483,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,499,787 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,054,041 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average common and common equivalent shares outstanding - assuming dilution</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,666,454 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,483,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,499,787 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,054,041 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Basic loss per share</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.05 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.03 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Diluted loss per share</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.05 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.03 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;"> <font style="font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;"><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="bottom" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Cost of sales</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,356 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,117 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Sales and marketing</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,993 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,677 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Research and development</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,407 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,715 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,655 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,800 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>235,411 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,309 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:22.5pt;"> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">June&nbsp;30, 2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Raw materials</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,489,305 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,303,278 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finished goods</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,155,617 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,309,469 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,644,922 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,612,747 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Inventory reserve</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(595,523 </td> <td valign="bottom" style="width:01.30%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(595,523 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,049,399 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:20.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,017,224 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.60%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.4pt;"> <tr> <td valign="bottom" style="width:38.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">U.S. sales</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,055,144 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,944,479 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.92%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,003,000 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.26%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.28%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,447,489 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">North and South America sales (excluding U.S.)</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,331,029 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>304,210 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,827,560 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>651,874 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other international sales</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,944 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>326,364 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>739,237 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>397,672 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total sales, net</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,646,117 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,575,053 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.92%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,569,797 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.26%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.28%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,497,035 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">June&nbsp;30, 2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Long-lived assets</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20.2pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">U.S.</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,669,906 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,930,293 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20.2pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">International</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149,682 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161,744 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;"><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="bottom" style="width:38.28%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Number of significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Aggregate dollar amount of net sales to significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$4.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$6.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$3.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$2.8 million</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Percentage of net sales to significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28.0% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44.9% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40.2% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.3% </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BUSINESS SEGMENT</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company does not operate in separate reportable segments.&nbsp;&nbsp;Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit.&nbsp;&nbsp;The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order.&nbsp;&nbsp;All transactions are in U.S. currency.&nbsp;&nbsp;Revenues by geography are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.4pt;"> <tr> <td valign="bottom" style="width:38.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">U.S. sales</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,055,144 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,944,479 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.92%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,003,000 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.26%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.28%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,447,489 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">North and South America sales (excluding U.S.)</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,331,029 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>304,210 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,827,560 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>651,874 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other international sales</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,944 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>326,364 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>739,237 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>397,672 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total sales, net</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,646,117 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,575,053 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.92%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,569,797 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:02.26%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.28%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,497,035 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.32%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Long-lived assets by geography are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">June&nbsp;30, 2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">December&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Long-lived assets</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:20.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20.2pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">U.S.</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,669,906 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,930,293 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:51.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20.2pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">International</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149,682 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:19.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161,744 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 1895744 986172 2251553 1223842 470309 <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Share-based compensation</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s share-based payments are accounted for using the fair value method.&nbsp;&nbsp;The Company records share-based compensation expense on a straight-line basis over the requisite service period.&nbsp;&nbsp;The Company incurred the following share-based compensation costs:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="bottom" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Cost of sales</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,356 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,117 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Sales and marketing</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,993 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,677 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Research and development</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,407 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,715 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,655 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,800 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>235,411 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,309 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Shipping and handling costs</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company classifies shipping and handling costs as part of Cost of sales in the Condensed Statements of Operations.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Accounting estimates</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#x201C;GAAP&#x201D;) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ significantly from those estimates.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Cash and cash equivalents</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">For purposes of reporting cash flows, cash and cash equivalents include cash, money market accounts, and investments with original maturities of three months or less.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Accounts receivable</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company records trade receivables when revenue is recognized.&nbsp;&nbsp;No product has been consigned to customers.&nbsp;&nbsp;The Company&#x2019;s allowance for doubtful accounts is primarily determined by review of specific trade receivables.&nbsp;&nbsp;Those accounts that are doubtful of collection are included in the allowance.&nbsp;&nbsp;This provision is reviewed to determine the adequacy of the allowance for doubtful accounts.&nbsp;&nbsp;Trade receivables are charged off when there is certainty as to their being uncollectible.&nbsp;&nbsp;Trade receivables are considered delinquent when payment has not been made within contract terms.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company requires certain customers to make a prepayment prior to beginning production or shipment of their order.&nbsp;&nbsp;Customers may apply such prepayments to their outstanding invoices or pay the invoice and continue to carry forward the deposit for future orders.&nbsp;&nbsp;Such amounts are included in Other accrued liabilities on the Condensed Balance Sheets and are shown in Note 5, Other Accrued Liabilities. The Company records an allowance for estimated returns as a reduction to Accounts receivable and Gross sales.&nbsp;&nbsp;Historically, returns have been immaterial.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Inventories</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Inventories are valued at the lower of cost or net realizable value, with cost being determined using actual average cost.&nbsp;&nbsp;The Company compares the average cost to the net realizable value and records the lower value.&nbsp;&nbsp;Management considers such factors as the amount of inventory on hand and in the distribution channel, estimated time to sell such inventory, the shelf life of inventory, and current market conditions when determining excess or obsolete inventories.&nbsp;&nbsp;A reserve is established for any excess or obsolete inventories or they may be written off.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Property, plant, and equipment</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Property, plant, and equipment are stated at cost.&nbsp;&nbsp;Expenditures for maintenance and repairs are charged to operations as incurred.&nbsp;&nbsp;Cost includes major expenditures for improvements and replacements which extend useful lives or increase capacity and interest cost associated with significant capital additions.&nbsp;&nbsp;Gains or losses from property disposals are included in income.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s property, plant, and equipment primarily consist of buildings, land, assembly equipment, molding machines, molds, office equipment, furniture, and fixtures.&nbsp;&nbsp;Depreciation and amortization are calculated using the straight-line method over the following useful lives:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:54pt;"> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Production equipment</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">3 to 13 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Office furniture and equipment</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">3 to 10 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Buildings</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">39 years</font></p> </td> </tr> <tr> <td valign="top" style="width:53.44%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Building improvements</font></p> </td> <td valign="top" style="width:01.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="top" style="width:45.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">15 years</font></p> </td> </tr> </table></div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Long-lived assets</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets.&nbsp;&nbsp;In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Financial instruments</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company estimates the fair value of financial instruments through the use of public market prices, quotes from financial institutions, and other available information.&nbsp;&nbsp;Judgment is required in interpreting data to develop estimates of fair value and, accordingly, amounts are not necessarily indicative of the amounts that could be realized in a current market exchange.&nbsp;&nbsp;Short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and other liabilities, consist primarily of instruments without extended maturities, the fair value of which, based on Management&#x2019;s estimates, equals their recorded values.&nbsp;&nbsp;The fair value of long-term liabilities, based on Management&#x2019;s estimates, approximates their reported values.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Concentration risks</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s financial instruments exposed to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable.&nbsp;&nbsp;Cash balances, some of which exceed federally insured limits, are maintained in financial institutions; however, Management believes the institutions are of high credit quality.&nbsp;&nbsp;The majority of accounts receivable are due from companies which are well-established entities.&nbsp;&nbsp;As a consequence, Management considers any exposure from concentrations of credit risks to be limited.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The following table reflects our significant customers for the first three and six months of 2017 and 2016:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="bottom" style="width:38.28%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Number of significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Aggregate dollar amount of net sales to significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$4.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$6.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$3.1 million</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$2.8 million</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:38.28%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Percentage of net sales to significant customers</font></p> </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28.0% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44.9% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40.2% </td> <td valign="bottom" style="width:02.62%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.3% </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company manufactures some of its products in Little Elm, Texas as well as utilizing manufacturers in China.&nbsp;&nbsp;The Company purchases most of its product components from single suppliers, including needle adhesives and packaging materials.&nbsp;&nbsp;There are multiple sources of these materials.&nbsp;&nbsp;The Company obtained roughly 89.1% and 78.2% of its VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE; &nbsp;</font><font style="display:inline;">syringes in the first six months of 2017 and 2016, respectively, from its primary Chinese manufacturer.&nbsp;&nbsp;Purchases from this Chinese manufacturer aggregated 90.1% and 91.8% of VanishPoint</font><font style="display:inline;font-size:6.5pt;">&#xAE; &nbsp;</font><font style="display:inline;">syringes in the three month periods ended June&nbsp;30, 2017 and 2016, respectively.&nbsp;&nbsp;In the event that the Company becomes unable to purchase products from its Chinese manufacturers, the Company would need to find an alternate manufacturer for its blood collection set,&nbsp;IV catheter, Patient Safe</font><font style="display:inline;font-size:6.5pt;">&#xAE;</font><font style="display:inline;"> syringe, 0.5mL insulin syringe, 0.5mL autodisable syringe, and 2mL, 5mL, and 10mL syringes and would increase domestic production for the 1mL and 3mL syringes.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Revenue recognition</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Revenue is recognized for sales when title and risk of ownership passes to the customer, generally upon shipment.&nbsp;&nbsp;Under certain contracts, revenue is recorded on the basis of sales price to distributors, less contractual pricing allowances.&nbsp;&nbsp;Contractual pricing allowances consist of: (i)&nbsp;rebates granted to distributors who provide tracking reports which show, among other things, the facility that purchased the products, and (ii)&nbsp;a provision for estimated contractual pricing allowances for products for which the Company has not received tracking reports.&nbsp;&nbsp;Rebates are recorded when issued and are applied against the customer&#x2019;s receivable balance.&nbsp;&nbsp;Distributors receive a rebate for the difference between the Wholesale Acquisition Cost and the appropriate contract price as reflected on a tracking report provided by the distributor to the Company. If product is sold by a distributor to an entity that has no contract, there is a standard rebate (lower than a contracted rebate) given to the distributor.&nbsp;&nbsp;One of the purposes of the rebate is to encourage distributors to submit tracking reports to the Company. The provision for contractual pricing allowances is reviewed at the end of each quarter and adjusted for changes in levels of products for which there is no tracking report.&nbsp;&nbsp;Additionally, if it becomes clear that tracking reports will not be provided by individual distributors, the provision is further adjusted.&nbsp;&nbsp;The estimated contractual allowance is included in Accounts payable in the Balance Sheets and deducted from revenues in the Statements of Operations.&nbsp;&nbsp;Accounts payable included estimated contractual allowances for $3,479,252 and $3,591,534 as of June&nbsp;30, 2017 and December&nbsp;31, 2016, respectively.&nbsp;&nbsp;The terms and conditions of contractual pricing allowances are governed by contracts between the Company and its distributors.&nbsp;&nbsp;Revenue for shipments directly to end-users is recognized when title and risk of ownership pass from the Company.&nbsp;&nbsp;Any product shipped or distributed for evaluation purposes is expensed.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s domestic return policy is set forth in its standard Distribution Agreement.&nbsp;&nbsp;This policy provides that a customer may return incorrect shipments within 10 days following arrival at the distributor&#x2019;s facility.&nbsp;&nbsp;In all such cases, the distributor must obtain an authorization code from the Company and affix the code to the returned product.&nbsp;&nbsp;The Company will not accept returned goods without a returned goods authorization number.&nbsp;&nbsp;The Company may refund the customer&#x2019;s money or replace the product.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s domestic return policy also generally provides that a customer may return product that is overstocked.&nbsp;&nbsp;Overstocking returns are limited to two times in each 12-month period up to 1% of distributor&#x2019;s total purchase of products for the prior 12-month period.&nbsp;&nbsp;All product overstocks and returns are subject to inspection and acceptance by the Company.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s international distribution agreements generally do not provide for any returns.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Litigation proceeds</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Proceeds from litigation are recognized when realizable.&nbsp;&nbsp;Generally, realization is not reasonably assured and expected until proceeds are collected and the legal proceeding has concluded.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Income taxes</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company evaluates tax positions taken or expected to be taken in a tax return for recognition in the financial statements based on whether it is &#x201C;more-likely-than-not&#x201D; that a tax position will be sustained based upon the technical merits of the position.&nbsp;&nbsp;Measurement of the tax position is based upon the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company provides for deferred income taxes through utilizing an asset and liability approach for financial accounting and reporting based on the tax effects of differences between the financial statement and tax bases of assets and liabilities, based on enacted rates expected to be in effect when such differences reverse in future periods.&nbsp;&nbsp;Deferred tax assets are periodically reviewed for realizability.&nbsp;&nbsp;The Company has established a valuation allowance for its net deferred tax asset as future taxable income cannot be reasonably assured.&nbsp;&nbsp;Penalties and interest related to income tax are classified as General and administrative expense and Interest expense, respectively, in the Condensed Statements of Operations.&nbsp;&nbsp;Such expenses are not material.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Loss per share</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company computes basic loss per share by dividing net loss for the period (adjusted for any cumulative dividends for the period) by the weighted average number of common shares outstanding during the period.&nbsp;&nbsp;Diluted loss per share includes the determinants of basic loss per share and, in addition, reflects the dilutive effect, if any, of the common stock deliverable pursuant to stock options or common stock issuable upon the conversion of convertible preferred stock.&nbsp;&nbsp;The calculation of diluted loss per share excluded 147,775 and 678,349 shares of Common Stock underlying issued and outstanding stock options at June&nbsp;30, 2017 and June&nbsp;30, 2016, respectively, as their effect was antidilutive.&nbsp;&nbsp;The potential dilution, if any, is shown on the following schedule:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.4pt;"> <tr> <td valign="bottom" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net loss</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,349,346 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(656,694 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,539,291 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,595,785 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Preferred dividend requirements</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(176,249 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(176,249 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(352,498 </td> <td valign="bottom" style="width:02.00%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(352,498 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Loss applicable to common shareholders </font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,525,595 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(832,943 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,891,789 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,948,283 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average common shares outstanding</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,666,454 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,483,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,499,787 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,054,041 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average common and common equivalent shares outstanding - assuming dilution</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,666,454 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,483,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,499,787 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,054,041 </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Basic loss per share</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.05 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.03 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Diluted loss per share</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.05 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.03 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09 </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">) &nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07 </td> <td valign="bottom" style="width:01.04%;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">)</font></p> </td> </tr> <tr> <td valign="top" style="width:34.18%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Shipping and handling costs</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company classifies shipping and handling costs as part of Cost of sales in the Condensed Statements of Operations.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Research and development costs</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Research and development costs are expensed as incurred.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Share-based compensation</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s share-based payments are accounted for using the fair value method.&nbsp;&nbsp;The Company records share-based compensation expense on a straight-line basis over the requisite service period.&nbsp;&nbsp;The Company incurred the following share-based compensation costs:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 95.00%;margin-left:23.85pt;"> <tr> <td valign="bottom" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2017</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six&nbsp;Months<br />Ended<br />June&nbsp;30,&nbsp;2016</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Cost of sales</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,356 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,117 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Sales and marketing</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,993 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,677 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Research and development</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,407 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,715 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,655 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,800 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>235,411 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,309 </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">$</font></p> </td> <td valign="bottom" style="width:12.56%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:37.88%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.30%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Insurance Proceeds</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Receipts from insurance up to the amount of any loss recognized by the Company are considered recoveries. Any such recoveries are recorded when they are received. Insurance recoveries are not recognized as a component of earnings (loss) from operations until all repairs are made.</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Recent pronouncements</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In July&nbsp;2015, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) No.&nbsp;2015-11, &#x201C;Inventory (Topic 330) Simplifying the Measurement of Inventory,&#x201D; which is part of the FASB&#x2019;s Simplification Initiative.&nbsp;&nbsp;Inventory, including inventory measured at average cost, would be valued at the lower of cost or net realizable value.&nbsp;&nbsp;Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.&nbsp;&nbsp;ASU 2015-11 is effective for the Company&#x2019;s annual periods and interim periods within those annual periods beginning January&nbsp;1, 2017.&nbsp;&nbsp;Amendments in this ASU should be applied prospectively with earlier application permitted at the beginning of an interim or annual reporting period.&nbsp;&nbsp;The adoption of this pronouncement had no impact on the Company&#x2019;s Balance Sheet, Results of Operations, or Cash Flows in the period of adoption.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In November&nbsp;2016, the FASB issued ASU 2016-18, &#x201C;Statement of Cash Flows (Topic 230): Restricted Cash&#x201D;.&nbsp;&nbsp;These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The updated guidance is effective for the Company&#x2019;s quarter ending March&nbsp;31, 2018, with early adoption permitted.&nbsp;&nbsp;The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In June&nbsp;2016, the FASB issued Accounting Standards Update 2016-13, &#x201C;Financial Instruments &#x2014;Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments&#x201D;.&nbsp;&nbsp;Among other things, these amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.&nbsp;&nbsp;Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses.&nbsp;&nbsp;This ASU is effective for the Company&#x2019;s quarter ending March&nbsp;31, 2020 with early application permitted for the Company&#x2019;s quarter ending March&nbsp;31, 2019.&nbsp;&nbsp;The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In February&nbsp;2016, the FASB issued ASU No.&nbsp;2016-02, Leases (topic 842). Under the new ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1)&nbsp;a lease liability, which is a lessee&#x2019;s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2)&nbsp;a right-of-use asset, which is an asset that represents the lessee&#x2019;s right to use, or control the use of, a specified asset for the lease term. Under the new guidance lessor accounting is largely unchanged. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. This ASU is effective for the Company&#x2019;s quarter ending March&nbsp;31, 2019, with early adoption permitted. The Company is currently evaluating the impact of this standard.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In May&nbsp;2014, FASB issued ASU No.&nbsp;2014-09, &#x201C;Revenue from Contracts with Customers&#x201D;, which provides guidance for revenue recognition.&nbsp;&nbsp;This ASU&#x2019;s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects consideration to which the company expects to be entitled in exchange for those goods or services.&nbsp;&nbsp;This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. &nbsp;ASU No.&nbsp;2014-09 allows for either full retrospective or modified retrospective adoption.&nbsp; In July&nbsp;2015, the FASB voted to delay the effective date of this ASU by one year.&nbsp;&nbsp;The ASU will now be effective commencing with the Company&#x2019;s quarter ending March&nbsp;31, 2018.&nbsp;&nbsp;Early adoption of this ASU is allowed no sooner than the original effective date.&nbsp;&nbsp;The Company is currently assessing the potential impact of this ASU on its financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 28108291 27709084 2000000 1780000 1000000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STORM DAMAGE AND INSURANCE PROCEEDS</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">On March&nbsp;26, 2017 a hail storm passed through Little Elm, TX, resulting in damage to the Company&#x2019;s two buildings.&nbsp;&nbsp;During April, the Company performed an inspection of its facilities and determined that possible roof damage had been sustained.&nbsp;&nbsp;In late April, the Company&#x2019;s insurance carrier inspected the two buildings and confirmed that damage occurred from the hail storm.&nbsp;&nbsp;This damage was principally to the roofs of the buildings but also many of the HVAC units and a wall alongside one of the buildings sustained damage.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company&#x2019;s insurance carrier has assessed the damages at approximately $1 million and the Company&#x2019;s deductible is less than $25,000.&nbsp;&nbsp;The Company has received these funds from its carrier.&nbsp;&nbsp;At this time, the Company does not expect the cost of repairs to the roofs, the wall, and to the HVAC units to exceed its coverage.&nbsp;&nbsp;The Company expects repairs to commence during the third quarter of 2017 and to be completed by the end of the year.&nbsp;&nbsp;The Company does not currently anticipate that these repairs will result any significant disruption to its operations or interruption to its production.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Accounting estimates</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#x201C;GAAP&#x201D;) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ significantly from those estimates.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 29054041 29483207 31499787 31666454 29054041 29483207 31499787 31666454 EX-101.SCH 6 rvp-20170630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 00100 - Statement - CONDENSED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - CONDENSED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - CONDENSED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - INVENTORIES (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - OTHER ACCRUED LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - INVENTORIES link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - OTHER ACCRUED LIABILITIES link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - BUSINESS SEGMENT link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - DIVIDENDS link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - PRIVATE PURCHASE link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - BONUSES link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - STORM DAMAGE AND INSURANCE PROCEEDS link:presentationLink link:calculationLink link:definitionLink 20202 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - INVENTORIES (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - OTHER ACCRUED LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - BUSINESS SEGMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts receivable, Property, plant and equipment and Long-lived assets (Details) link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration risks, Revenue recognition, Litigation proceeds (Details) link:presentationLink link:calculationLink link:definitionLink 40203 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loss per share (Details) link:presentationLink link:calculationLink link:definitionLink 40204 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Share-based compensation (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - INCOME TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - BUSINESS SEGMENT (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - DIVIDENDS (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - PRIVATE PURCHASE (Details) link:presentationLink link:calculationLink link:definitionLink 41001 - Disclosure - BONUSES (Details) link:presentationLink link:calculationLink link:definitionLink 41101 - Disclosure - STORM DAMAGE AND INSURANCE PROCEEDS (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 rvp-20170630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 rvp-20170630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 rvp-20170630_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT EX-101.PRE 10 rvp-20170630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 11 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2017
Aug. 01, 2017
Document and Entity Information    
Entity Registrant Name RETRACTABLE TECHNOLOGIES INC  
Entity Central Index Key 0000946563  
Document Type 10-Q  
Document Period End Date Jun. 30, 2017  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   31,666,454
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q2  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,472,553 $ 16,199,043
Accounts receivable, net 3,471,523 3,267,838
Inventories, net 8,049,399 7,017,224
Other current assets 448,407 192,548
Total current assets 27,441,882 26,676,653
Property, plant, and equipment, net 11,819,588 12,092,037
Other assets 8,095 10,289
Total assets 39,269,565 38,778,979
Current liabilities:    
Accounts payable 4,445,649 4,471,756
Current portion of long-term debt 440,971 430,393
Accrued compensation 814,604 536,456
Dividends payable 55,113 55,113
Accrued royalties to shareholder 635,554 659,443
Insurance proceeds 1,004,960  
Other accrued liabilities 893,395 1,019,283
Total current liabilities 8,290,246 7,172,444
Long-term debt, net of current maturities 3,270,235 3,498,244
Total liabilities 11,560,481 10,670,688
Commitments and contingencies - see Note 6
Preferred stock, $1 par value:    
Additional paid-in capital 61,430,417 59,290,333
Accumulated deficit (34,502,778) (31,963,487)
Total stockholders' equity 27,709,084 28,108,291
Total liabilities and stockholders' equity 39,269,565 38,778,979
Series I, Class B    
Preferred stock, $1 par value:    
Preferred stock 98,500 98,500
Series II, Class B    
Preferred stock, $1 par value:    
Preferred stock 171,200 171,200
Series III, Class B    
Preferred stock, $1 par value:    
Preferred stock 129,245 129,245
Series IV, Class B    
Preferred stock, $1 par value:    
Preferred stock 342,500 342,500
Series V, Class B    
Preferred stock, $1 par value:    
Preferred stock $ 40,000 $ 40,000
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
Jun. 30, 2017
Dec. 31, 2016
CONDENSED BALANCE SHEETS    
Preferred stock, par value (in dollars per share) $ 1 $ 1
Common stock, par value (in dollars per share) $ 0 $ 0
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CONDENSED STATEMENTS OF OPERATIONS        
Sales, net $ 7,646,117 $ 7,575,053 $ 14,569,797 $ 13,497,035
Cost of Sales        
Cost of manufactured product 4,801,495 4,274,010 8,812,408 7,500,607
Royalty expense to shareholders 635,554 682,402 1,223,398 1,187,777
Total cost of sales 5,437,049 4,956,412 10,035,806 8,688,384
Gross profit 2,209,068 2,618,641 4,533,991 4,808,651
Operating expenses:        
Sales and marketing 1,223,842 986,172 2,251,553 1,895,744
Research and development 157,395 146,854 305,844 271,773
General and administrative 2,133,040 2,091,151 4,433,907 4,140,839
Total operating expenses 3,514,277 3,224,177 6,991,304 6,308,356
Loss from operations (1,305,209) (605,536) (2,457,313) (1,499,705)
Interest and other income 14,173 6,032 24,678 11,213
Interest expense (58,028) (56,710) (106,091) (106,333)
Net loss before income taxes (1,349,064) (656,214) (2,538,726) (1,594,825)
Provision for income taxes 282 480 565 960
Net loss (1,349,346) (656,694) (2,539,291) (1,595,785)
Preferred stock dividend requirements (176,249) (176,249) (352,498) (352,498)
Loss applicable to common shareholders $ (1,525,595) $ (832,943) $ (2,891,789) $ (1,948,283)
Basic loss per share (in dollars per share) $ (0.05) $ (0.03) $ (0.09) $ (0.07)
Diluted loss per share (in dollars per share) $ (0.05) $ (0.03) $ (0.09) $ (0.07)
Weighted average common shares outstanding:        
Basic (in shares) 31,666,454 29,483,207 31,499,787 29,054,041
Diluted (in shares) 31,666,454 29,483,207 31,499,787 29,054,041
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net Loss $ (2,539,291) $ (1,595,785)
Adjustments to reconcile loss to net cash used by operating activities:    
Provision for doubtful accounts   77,000
Share based compensation 470,309  
Depreciation and amortization 405,102 446,798
(Increase) decrease in assets:    
Inventories (1,032,175) 18,003
Accounts receivable (203,685) (84,228)
Other current assets (255,859) 986,438
Other assets   (750)
Increase (decrease) in liabilities:    
Accounts payable (26,107) (677,846)
Accrued liabilities 128,371 322,807
Insurance proceeds 1,004,960  
Net cash used by operating activities (2,048,375) (507,563)
Cash flows from investing activities    
Purchase of property, plant, and equipment (130,459) (928,180)
Net cash used by investing activities (130,459) (928,180)
Cash flows from financing activities    
Repayments of long-term debt and notes payable (217,431) (124,163)
Proceeds from the sale of common stock 1,780,000  
Proceeds from the exercise of stock options   839,200
Payment of Preferred Stock dividends (110,225) (110,528)
Net cash provided by financing activities 1,452,344 604,509
Net decrease in cash and cash equivalents (726,490) (831,234)
Cash and cash equivalents at:    
Beginning of period 16,199,043 18,045,044
End of period 15,472,553 17,213,810
Supplemental schedule of cash flow information:    
Interest paid 106,090 106,332
Income taxes paid   2,000
Supplemental schedule of noncash investing and financing activities:    
Preferred dividends declared, not paid $ 55,113 $ 55,113
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION
6 Months Ended
Jun. 30, 2017
BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION  
BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION

1.       BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION

 

Business of the Company

 

Retractable Technologies, Inc. (the “Company”) was incorporated in Texas on May 9, 1994, and designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.  The Company began to develop its manufacturing operations in 1995.  The Company’s manufacturing and administrative facilities are located in Little Elm, Texas.  The Company’s products are the VanishPoint® 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the blood collection tube holder; the small diameter tube adapter; the allergy tray; the IV safety catheter; the Patient Safe® syringes; the Patient Safe® Luer Cap; the VanishPoint®  Blood Collection Set; and the EasyPoint® needle.  The Company also sells VanishPoint®  autodisable syringes in the international market in addition to the Company’s other products.

 

Basis of presentation

 

The accompanying condensed financial statements are unaudited and, in the opinion of Management, reflect all adjustments that are necessary for a fair presentation of the financial position and results of operations for the periods presented.  All such adjustments are of a normal and recurring nature.  The results of operations for the periods presented are not necessarily indicative of the results to be expected for the entire year.  The condensed financial statements should be read in conjunction with the financial statement disclosures contained in the Company’s audited financial statements incorporated into its Form 10-K filed on March 31, 2017 for the year ended December 31, 2016.

 

XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
6 Months Ended
Jun. 30, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Accounting estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ significantly from those estimates.

 

Cash and cash equivalents

 

For purposes of reporting cash flows, cash and cash equivalents include cash, money market accounts, and investments with original maturities of three months or less.

 

Accounts receivable

 

The Company records trade receivables when revenue is recognized.  No product has been consigned to customers.  The Company’s allowance for doubtful accounts is primarily determined by review of specific trade receivables.  Those accounts that are doubtful of collection are included in the allowance.  This provision is reviewed to determine the adequacy of the allowance for doubtful accounts.  Trade receivables are charged off when there is certainty as to their being uncollectible.  Trade receivables are considered delinquent when payment has not been made within contract terms.

 

The Company requires certain customers to make a prepayment prior to beginning production or shipment of their order.  Customers may apply such prepayments to their outstanding invoices or pay the invoice and continue to carry forward the deposit for future orders.  Such amounts are included in Other accrued liabilities on the Condensed Balance Sheets and are shown in Note 5, Other Accrued Liabilities. The Company records an allowance for estimated returns as a reduction to Accounts receivable and Gross sales.  Historically, returns have been immaterial.

 

Inventories

 

Inventories are valued at the lower of cost or net realizable value, with cost being determined using actual average cost.  The Company compares the average cost to the net realizable value and records the lower value.  Management considers such factors as the amount of inventory on hand and in the distribution channel, estimated time to sell such inventory, the shelf life of inventory, and current market conditions when determining excess or obsolete inventories.  A reserve is established for any excess or obsolete inventories or they may be written off.

 

Property, plant, and equipment

 

Property, plant, and equipment are stated at cost.  Expenditures for maintenance and repairs are charged to operations as incurred.  Cost includes major expenditures for improvements and replacements which extend useful lives or increase capacity and interest cost associated with significant capital additions.  Gains or losses from property disposals are included in income.

 

The Company’s property, plant, and equipment primarily consist of buildings, land, assembly equipment, molding machines, molds, office equipment, furniture, and fixtures.  Depreciation and amortization are calculated using the straight-line method over the following useful lives:

 

Production equipment

 

3 to 13 years

Office furniture and equipment

 

3 to 10 years

Buildings

 

39 years

Building improvements

 

15 years

 

Long-lived assets

 

The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets.  In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets.

 

Financial instruments

 

The Company estimates the fair value of financial instruments through the use of public market prices, quotes from financial institutions, and other available information.  Judgment is required in interpreting data to develop estimates of fair value and, accordingly, amounts are not necessarily indicative of the amounts that could be realized in a current market exchange.  Short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and other liabilities, consist primarily of instruments without extended maturities, the fair value of which, based on Management’s estimates, equals their recorded values.  The fair value of long-term liabilities, based on Management’s estimates, approximates their reported values.

 

Concentration risks

 

The Company’s financial instruments exposed to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable.  Cash balances, some of which exceed federally insured limits, are maintained in financial institutions; however, Management believes the institutions are of high credit quality.  The majority of accounts receivable are due from companies which are well-established entities.  As a consequence, Management considers any exposure from concentrations of credit risks to be limited.

 

The following table reflects our significant customers for the first three and six months of 2017 and 2016:

 

 

 

Six Months
ended
June 30, 2017

 

Six Months
ended
June 30, 2016

 

Three Months
ended
June 30, 2017

 

Three Months
ended
June 30, 2016

 

Number of significant customers

 

1

 

2

 

2

 

1

 

Aggregate dollar amount of net sales to significant customers

 

$4.1 million

 

$6.1 million

 

$3.1 million

 

$2.8 million

 

Percentage of net sales to significant customers

 

28.0%

 

44.9%

 

40.2%

 

37.3%

 

 

The Company manufactures some of its products in Little Elm, Texas as well as utilizing manufacturers in China.  The Company purchases most of its product components from single suppliers, including needle adhesives and packaging materials.  There are multiple sources of these materials.  The Company obtained roughly 89.1% and 78.2% of its VanishPoint®  syringes in the first six months of 2017 and 2016, respectively, from its primary Chinese manufacturer.  Purchases from this Chinese manufacturer aggregated 90.1% and 91.8% of VanishPoint®  syringes in the three month periods ended June 30, 2017 and 2016, respectively.  In the event that the Company becomes unable to purchase products from its Chinese manufacturers, the Company would need to find an alternate manufacturer for its blood collection set, IV catheter, Patient Safe® syringe, 0.5mL insulin syringe, 0.5mL autodisable syringe, and 2mL, 5mL, and 10mL syringes and would increase domestic production for the 1mL and 3mL syringes.

 

Revenue recognition

 

Revenue is recognized for sales when title and risk of ownership passes to the customer, generally upon shipment.  Under certain contracts, revenue is recorded on the basis of sales price to distributors, less contractual pricing allowances.  Contractual pricing allowances consist of: (i) rebates granted to distributors who provide tracking reports which show, among other things, the facility that purchased the products, and (ii) a provision for estimated contractual pricing allowances for products for which the Company has not received tracking reports.  Rebates are recorded when issued and are applied against the customer’s receivable balance.  Distributors receive a rebate for the difference between the Wholesale Acquisition Cost and the appropriate contract price as reflected on a tracking report provided by the distributor to the Company. If product is sold by a distributor to an entity that has no contract, there is a standard rebate (lower than a contracted rebate) given to the distributor.  One of the purposes of the rebate is to encourage distributors to submit tracking reports to the Company. The provision for contractual pricing allowances is reviewed at the end of each quarter and adjusted for changes in levels of products for which there is no tracking report.  Additionally, if it becomes clear that tracking reports will not be provided by individual distributors, the provision is further adjusted.  The estimated contractual allowance is included in Accounts payable in the Balance Sheets and deducted from revenues in the Statements of Operations.  Accounts payable included estimated contractual allowances for $3,479,252 and $3,591,534 as of June 30, 2017 and December 31, 2016, respectively.  The terms and conditions of contractual pricing allowances are governed by contracts between the Company and its distributors.  Revenue for shipments directly to end-users is recognized when title and risk of ownership pass from the Company.  Any product shipped or distributed for evaluation purposes is expensed.

 

The Company’s domestic return policy is set forth in its standard Distribution Agreement.  This policy provides that a customer may return incorrect shipments within 10 days following arrival at the distributor’s facility.  In all such cases, the distributor must obtain an authorization code from the Company and affix the code to the returned product.  The Company will not accept returned goods without a returned goods authorization number.  The Company may refund the customer’s money or replace the product.

 

The Company’s domestic return policy also generally provides that a customer may return product that is overstocked.  Overstocking returns are limited to two times in each 12-month period up to 1% of distributor’s total purchase of products for the prior 12-month period.  All product overstocks and returns are subject to inspection and acceptance by the Company.

 

The Company’s international distribution agreements generally do not provide for any returns.

 

Litigation proceeds

 

Proceeds from litigation are recognized when realizable.  Generally, realization is not reasonably assured and expected until proceeds are collected and the legal proceeding has concluded.

 

Income taxes

 

The Company evaluates tax positions taken or expected to be taken in a tax return for recognition in the financial statements based on whether it is “more-likely-than-not” that a tax position will be sustained based upon the technical merits of the position.  Measurement of the tax position is based upon the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.

 

The Company provides for deferred income taxes through utilizing an asset and liability approach for financial accounting and reporting based on the tax effects of differences between the financial statement and tax bases of assets and liabilities, based on enacted rates expected to be in effect when such differences reverse in future periods.  Deferred tax assets are periodically reviewed for realizability.  The Company has established a valuation allowance for its net deferred tax asset as future taxable income cannot be reasonably assured.  Penalties and interest related to income tax are classified as General and administrative expense and Interest expense, respectively, in the Condensed Statements of Operations.  Such expenses are not material.

 

Loss per share

 

The Company computes basic loss per share by dividing net loss for the period (adjusted for any cumulative dividends for the period) by the weighted average number of common shares outstanding during the period.  Diluted loss per share includes the determinants of basic loss per share and, in addition, reflects the dilutive effect, if any, of the common stock deliverable pursuant to stock options or common stock issuable upon the conversion of convertible preferred stock.  The calculation of diluted loss per share excluded 147,775 and 678,349 shares of Common Stock underlying issued and outstanding stock options at June 30, 2017 and June 30, 2016, respectively, as their effect was antidilutive.  The potential dilution, if any, is shown on the following schedule:

 

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

Net loss

 

$

(1,349,346

)  

$

(656,694

)  

$

(2,539,291

)  

$

(1,595,785

)

Preferred dividend requirements

 

 

(176,249

)

 

(176,249

)

 

(352,498

)

 

(352,498

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss applicable to common shareholders

 

$

(1,525,595

)  

$

(832,943

)  

$

(2,891,789

)  

$

(1,948,283

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common and common equivalent shares outstanding - assuming dilution

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.05

)  

$

(0.03

)  

$

(0.09

)  

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

$

(0.05

)  

$

(0.03

)  

$

(0.09

)  

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shipping and handling costs

 

The Company classifies shipping and handling costs as part of Cost of sales in the Condensed Statements of Operations.

 

Research and development costs

 

Research and development costs are expensed as incurred.

 

Share-based compensation

 

The Company’s share-based payments are accounted for using the fair value method.  The Company records share-based compensation expense on a straight-line basis over the requisite service period.  The Company incurred the following share-based compensation costs:

 

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

$

98,356

 

$

 

$

196,117

 

$

 

Sales and marketing

 

 

51,993

 

 

 

 

104,677

 

 

 

Research and development

 

 

16,407

 

 

 

 

32,715

 

 

 

General and administrative

 

 

68,655

 

 

 

 

136,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

235,411

 

$

 

$

470,309

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Proceeds

 

Receipts from insurance up to the amount of any loss recognized by the Company are considered recoveries. Any such recoveries are recorded when they are received. Insurance recoveries are not recognized as a component of earnings (loss) from operations until all repairs are made.

 

Recent pronouncements

 

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, “Inventory (Topic 330) Simplifying the Measurement of Inventory,” which is part of the FASB’s Simplification Initiative.  Inventory, including inventory measured at average cost, would be valued at the lower of cost or net realizable value.  Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.  ASU 2015-11 is effective for the Company’s annual periods and interim periods within those annual periods beginning January 1, 2017.  Amendments in this ASU should be applied prospectively with earlier application permitted at the beginning of an interim or annual reporting period.  The adoption of this pronouncement had no impact on the Company’s Balance Sheet, Results of Operations, or Cash Flows in the period of adoption.

 

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”.  These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The updated guidance is effective for the Company’s quarter ending March 31, 2018, with early adoption permitted.  The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.

 

In June 2016, the FASB issued Accounting Standards Update 2016-13, “Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”.  Among other things, these amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.  Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses.  This ASU is effective for the Company’s quarter ending March 31, 2020 with early application permitted for the Company’s quarter ending March 31, 2019.  The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (topic 842). Under the new ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance lessor accounting is largely unchanged. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. This ASU is effective for the Company’s quarter ending March 31, 2019, with early adoption permitted. The Company is currently evaluating the impact of this standard.

 

In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which provides guidance for revenue recognition.  This ASU’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects consideration to which the company expects to be entitled in exchange for those goods or services.  This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract.  ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption.  In July 2015, the FASB voted to delay the effective date of this ASU by one year.  The ASU will now be effective commencing with the Company’s quarter ending March 31, 2018.  Early adoption of this ASU is allowed no sooner than the original effective date.  The Company is currently assessing the potential impact of this ASU on its financial statements.

 

 

XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
INVENTORIES
6 Months Ended
Jun. 30, 2017
INVENTORIES  
INVENTORIES

3.       INVENTORIES

 

Inventories consist of the following:

 

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Raw materials

 

$

1,489,305

 

$

1,303,278

 

Finished goods

 

 

7,155,617

 

 

6,309,469

 

 

 

 

 

 

 

 

 

 

 

 

8,644,922

 

 

7,612,747

 

Inventory reserve

 

 

(595,523

)

 

(595,523

)

 

 

 

 

 

 

 

 

 

 

$

8,049,399

 

$

7,017,224

 

 

 

 

 

 

 

 

 

 

XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
INCOME TAXES
6 Months Ended
Jun. 30, 2017
INCOME TAXES  
INCOME TAXES

4.       INCOME TAXES

 

The Company’s effective tax rate on the net loss before income taxes was 0.0% and (0.1) for the six months ended June 30, 2017 and June 30, 2016, respectively.  For the three months ended June 30, 2017 and June 30, 2016, the Company’s effective tax rate on the net loss before income taxes was 0.0% and (0.1)%, respectively.

 

XML 20 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER ACCRUED LIABILITIES
6 Months Ended
Jun. 30, 2017
OTHER ACCRUED LIABILITIES  
OTHER ACCRUED LIABILITIES

5.       OTHER ACCRUED LIABILITIES

 

Other accrued liabilities consist of the following:

 

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Prepayments from customers

 

$

457,398

 

$

692,922

 

Accrued property taxes

 

 

242,050

 

 

 

Accrued professional fees

 

 

127,808

 

 

266,747

 

Other accrued expenses

 

 

66,139

 

 

59,614

 

 

 

 

 

 

 

 

 

 

 

$

893,395

 

$

1,019,283

 

 

 

 

 

 

 

 

 

 

XML 21 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2017
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

6.       COMMITMENTS AND CONTINGENCIES

 

In May 2010, the Company and an officer’s suit against Becton, Dickinson and Company (“BD”) in the U.S. District Court for the Eastern District of Texas, Marshall Division alleging violations of antitrust acts, false advertising, product disparagement, tortious interference, and unfair competition was reopened.  The trial commenced on September 9, 2013, in the U.S. District Court for the Eastern District of Texas, Tyler Division, and the jury found that BD illegally engaged in anticompetitive conduct with the intent to acquire or maintain monopoly power in the safety syringe market and engaged in false advertising under the Lanham Act.  The jury awarded the Company $113,508,014 in damages, which was trebled pursuant to statute.  The Court granted injunctive relief to take effect January 15, 2015.  In doing so, the Court found that BD’s business practices limited innovation, including false advertisements that suppressed sales of the VanishPoint® syringes.  The specific injunctive relief includes: (1) enjoining BD’s use of “World’s Sharpest Needle” or any similar assertion of superior sharpness; (2) requiring notification to all customers who purchased BD syringe products from July 2, 2004 to date that BD wrongfully claimed that its syringe needles were sharper and that its statement that it had “data on file” was false and misleading; (3) requiring notification to employees, customers, distributors, GPOs, and government agencies that the deadspace of the VanishPoint® has been within ISO standards since 2004 and that BD overstated the deadspace of the VanishPoint® to represent that it was higher than some of BD’s syringes when it was actually less, and that BD’s statement that it had “data on file” was false and misleading, and, in addition, posting this notice on its website for a period of three years; (4) enjoining BD from advertising that its syringe products save medication as compared to VanishPoint® products for a period of three years; (5) requiring notification to all employees, customers, distributors, GPOs, and government agencies that BD’s website, cost calculator, printed materials, and oral representations alleging BD’s syringes save medication as compared to the VanishPoint® were based on false and inaccurate measurement of the VanishPoint®, and, in addition, posting this notice on its website for a period of three years; and (6) requiring the implementation of a comprehensive training program for BD employees and distributors that specifically instructs them not to use old marketing materials and not to make false representations regarding VanishPoint® syringes.  Final judgment was entered on January 15, 2015, awarding the Company $340,524,042 in damages and $11,722,823 in attorneys’ fees, as well as granting injunctive relief consistent with the orders as indicated above.  The parties stipulated that the amount of litigation costs recoverable by the Company is $295,000.  On January 14, 2015, the District Court stayed the portion of the injunctive relief that requires BD to notify end-user customers but also ordered BD to comply with internal correction activities as well as mandatory disclosures as set out above to its employees, customers, distributors and Group Purchasing Organizations.  BD filed an appeal of that ruling with the 5th Circuit Court of Appeals and that appeal was denied on February 3, 2015.  On February 12, 2015, BD filed a motion to amend the judgment directed most specifically to the issue of award of prejudgment interest.  On April 23, 2015, the Court entered an Amended Final Judgment that removed prejudgment interest but kept all other monetary and injunctive relief the same as was granted in the original Final Judgment.  BD filed its brief in the appeal on July 20, 2015.  Oral argument occurred on Monday, February 29, 2016.  On December 2, 2016, the 5th Circuit Court of Appeals overturned the antitrust damages.  The finding of false advertising liability was affirmed and the case was remanded to the Eastern District of Texas for a redetermination as to the amount of damages to which the Company is entitled.  The Company’s petition for certiorari to the U.S. Supreme Court was denied on March 20, 2017.  The Eastern District of Texas trial date was May 11, 2017.  The Court announced that it will issue its decision within three months of May 11, 2017.  No decision has been issued.

 

In September 2007, BD and MDC Investment Holdings, Inc. (“MDC”) sued the Company in the United States District Court for the Eastern District of Texas, Texarkana Division, initially alleging that the Company is infringing two U.S. patents of MDC (6,179,812 and 7,090,656) that are licensed to BD.  BD and MDC seek injunctive relief and unspecified damages.  The Company counterclaimed for declarations of non-infringement, invalidity, and unenforceability of the asserted patents.  The plaintiffs subsequently dropped allegations with regard to patent no. 7,090,656 and the Company subsequently dropped its counterclaims for unenforceability of the asserted patents.  On June 30, 2015, the Court ordered that further proceedings in this matter be stayed and that this case remain administratively closed until resolution of all appeals in the case detailed in the preceding paragraph.  The case remains stayed as a result of the ongoing proceedings regarding the Lanham Act claims in the separate proceeding described above.

 

 

XML 22 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
BUSINESS SEGMENT
6 Months Ended
Jun. 30, 2017
BUSINESS SEGMENT  
BUSINESS SEGMENT

7.       BUSINESS SEGMENT

 

The Company does not operate in separate reportable segments.  Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit.  The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order.  All transactions are in U.S. currency.  Revenues by geography are as follows:

 

 

 

Three Months
Ended
June 30, 2017

 

Three Months
Ended
June 30, 2016

 

Six Months
Ended
June 30, 2017

 

Six Months
Ended
June 30, 2016

 

U.S. sales

$

 

6,055,144

$

 

6,944,479

$

 

12,003,000

$

 

12,447,489

 

North and South America sales (excluding U.S.)

 

1,331,029

 

304,210

 

1,827,560

 

651,874

 

Other international sales

 

259,944

 

326,364

 

739,237

 

397,672

 

 

 

 

 

 

 

 

 

 

 

Total sales, net

$

 

7,646,117

$

 

7,575,053

$

 

14,569,797

$

 

13,497,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets by geography are as follows:

 

 

 

June 30, 2017

 

December 31, 2016

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

11,669,906

 

$

11,930,293

 

International

 

$

149,682

 

$

161,744

 

 

 

XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
DIVIDENDS
6 Months Ended
Jun. 30, 2017
DIVIDENDS  
DIVIDENDS

8.       DIVIDENDS

 

The Company declared dividends in the first quarter of 2016 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on April 21, 2016.  The Company declared dividends in the second quarter of 2016 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on July 28, 2016.  The Company declared dividends in the first quarter of 2017 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on April 27, 2017. The Company declared dividends in the second quarter of 2017 in the amounts of $12,313 and $42,800 paid to Series I Class B and Series II Class B Preferred Stockholders, respectively, on July 20, 2017.

 

 

XML 24 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
PRIVATE PURCHASE
6 Months Ended
Jun. 30, 2017
PRIVATE PURCHASE  
PRIVATE PURCHASE

9.       PRIVATE PURCHASE

 

The Company approved three of its executive officers to purchase shares directly from the Company.  Thomas J. Shaw, CEO, exercised a portion of such right on January 12, 2017, buying two million shares at market price for an aggregate purchase price of $1.78 million.  Mr. Shaw has one million additional shares authorized for purchase at market price any time prior to September 9, 2018.  Mr. Cowan, CFO, and Ms. Larios, Vice President and General Counsel, are authorized to purchase 500,000 shares each at market price any time prior to September 9, 2018.  The approximate dollar value of these potential future purchases cannot be predicted.

 

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
BONUSES
6 Months Ended
Jun. 30, 2017
BONUSES  
BONUSES

10.      BONUSES

 

In February of 2017, Mr. Cowan and Ms. Larios were each granted cash bonuses of $250,000.  Ms. Larios received her bonus in the first quarter of 2017.  Mr. Cowan will receive his bonus later this year. Bonuses payable are included in accrued compensation in the Condensed Balance Sheets.

 

 

XML 26 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
STORM DAMAGE AND INSURANCE PROCEEDS
6 Months Ended
Jun. 30, 2017
STORM DAMAGE AND INSURANCE PROCEEDS  
STORM DAMAGE AND INSURANCE PROCEEDS

11.      STORM DAMAGE AND INSURANCE PROCEEDS

 

On March 26, 2017 a hail storm passed through Little Elm, TX, resulting in damage to the Company’s two buildings.  During April, the Company performed an inspection of its facilities and determined that possible roof damage had been sustained.  In late April, the Company’s insurance carrier inspected the two buildings and confirmed that damage occurred from the hail storm.  This damage was principally to the roofs of the buildings but also many of the HVAC units and a wall alongside one of the buildings sustained damage.

 

The Company’s insurance carrier has assessed the damages at approximately $1 million and the Company’s deductible is less than $25,000.  The Company has received these funds from its carrier.  At this time, the Company does not expect the cost of repairs to the roofs, the wall, and to the HVAC units to exceed its coverage.  The Company expects repairs to commence during the third quarter of 2017 and to be completed by the end of the year.  The Company does not currently anticipate that these repairs will result any significant disruption to its operations or interruption to its production.

 

XML 27 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
6 Months Ended
Jun. 30, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Accounting estimates

Accounting estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ significantly from those estimates.

 

 

Cash and cash equivalents

Cash and cash equivalents

 

For purposes of reporting cash flows, cash and cash equivalents include cash, money market accounts, and investments with original maturities of three months or less.

 

 

Accounts receivable

Accounts receivable

 

The Company records trade receivables when revenue is recognized.  No product has been consigned to customers.  The Company’s allowance for doubtful accounts is primarily determined by review of specific trade receivables.  Those accounts that are doubtful of collection are included in the allowance.  This provision is reviewed to determine the adequacy of the allowance for doubtful accounts.  Trade receivables are charged off when there is certainty as to their being uncollectible.  Trade receivables are considered delinquent when payment has not been made within contract terms.

 

The Company requires certain customers to make a prepayment prior to beginning production or shipment of their order.  Customers may apply such prepayments to their outstanding invoices or pay the invoice and continue to carry forward the deposit for future orders.  Such amounts are included in Other accrued liabilities on the Condensed Balance Sheets and are shown in Note 5, Other Accrued Liabilities. The Company records an allowance for estimated returns as a reduction to Accounts receivable and Gross sales.  Historically, returns have been immaterial.

 

Inventories

Inventories

 

Inventories are valued at the lower of cost or net realizable value, with cost being determined using actual average cost.  The Company compares the average cost to the net realizable value and records the lower value.  Management considers such factors as the amount of inventory on hand and in the distribution channel, estimated time to sell such inventory, the shelf life of inventory, and current market conditions when determining excess or obsolete inventories.  A reserve is established for any excess or obsolete inventories or they may be written off.

 

Property, plant, and equipment

Property, plant, and equipment

 

Property, plant, and equipment are stated at cost.  Expenditures for maintenance and repairs are charged to operations as incurred.  Cost includes major expenditures for improvements and replacements which extend useful lives or increase capacity and interest cost associated with significant capital additions.  Gains or losses from property disposals are included in income.

 

The Company’s property, plant, and equipment primarily consist of buildings, land, assembly equipment, molding machines, molds, office equipment, furniture, and fixtures.  Depreciation and amortization are calculated using the straight-line method over the following useful lives:

 

Production equipment

 

3 to 13 years

Office furniture and equipment

 

3 to 10 years

Buildings

 

39 years

Building improvements

 

15 years

 

 

Long-lived assets

Long-lived assets

 

The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets.  In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets.

 

 

Financial instruments

Financial instruments

 

The Company estimates the fair value of financial instruments through the use of public market prices, quotes from financial institutions, and other available information.  Judgment is required in interpreting data to develop estimates of fair value and, accordingly, amounts are not necessarily indicative of the amounts that could be realized in a current market exchange.  Short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and other liabilities, consist primarily of instruments without extended maturities, the fair value of which, based on Management’s estimates, equals their recorded values.  The fair value of long-term liabilities, based on Management’s estimates, approximates their reported values.

 

Concentration risks

Concentration risks

 

The Company’s financial instruments exposed to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable.  Cash balances, some of which exceed federally insured limits, are maintained in financial institutions; however, Management believes the institutions are of high credit quality.  The majority of accounts receivable are due from companies which are well-established entities.  As a consequence, Management considers any exposure from concentrations of credit risks to be limited.

 

The following table reflects our significant customers for the first three and six months of 2017 and 2016:

 

 

 

Six Months
ended
June 30, 2017

 

Six Months
ended
June 30, 2016

 

Three Months
ended
June 30, 2017

 

Three Months
ended
June 30, 2016

 

Number of significant customers

 

1

 

2

 

2

 

1

 

Aggregate dollar amount of net sales to significant customers

 

$4.1 million

 

$6.1 million

 

$3.1 million

 

$2.8 million

 

Percentage of net sales to significant customers

 

28.0%

 

44.9%

 

40.2%

 

37.3%

 

 

The Company manufactures some of its products in Little Elm, Texas as well as utilizing manufacturers in China.  The Company purchases most of its product components from single suppliers, including needle adhesives and packaging materials.  There are multiple sources of these materials.  The Company obtained roughly 89.1% and 78.2% of its VanishPoint®  syringes in the first six months of 2017 and 2016, respectively, from its primary Chinese manufacturer.  Purchases from this Chinese manufacturer aggregated 90.1% and 91.8% of VanishPoint®  syringes in the three month periods ended June 30, 2017 and 2016, respectively.  In the event that the Company becomes unable to purchase products from its Chinese manufacturers, the Company would need to find an alternate manufacturer for its blood collection set, IV catheter, Patient Safe® syringe, 0.5mL insulin syringe, 0.5mL autodisable syringe, and 2mL, 5mL, and 10mL syringes and would increase domestic production for the 1mL and 3mL syringes.

 

Revenue recognition

Revenue recognition

 

Revenue is recognized for sales when title and risk of ownership passes to the customer, generally upon shipment.  Under certain contracts, revenue is recorded on the basis of sales price to distributors, less contractual pricing allowances.  Contractual pricing allowances consist of: (i) rebates granted to distributors who provide tracking reports which show, among other things, the facility that purchased the products, and (ii) a provision for estimated contractual pricing allowances for products for which the Company has not received tracking reports.  Rebates are recorded when issued and are applied against the customer’s receivable balance.  Distributors receive a rebate for the difference between the Wholesale Acquisition Cost and the appropriate contract price as reflected on a tracking report provided by the distributor to the Company. If product is sold by a distributor to an entity that has no contract, there is a standard rebate (lower than a contracted rebate) given to the distributor.  One of the purposes of the rebate is to encourage distributors to submit tracking reports to the Company. The provision for contractual pricing allowances is reviewed at the end of each quarter and adjusted for changes in levels of products for which there is no tracking report.  Additionally, if it becomes clear that tracking reports will not be provided by individual distributors, the provision is further adjusted.  The estimated contractual allowance is included in Accounts payable in the Balance Sheets and deducted from revenues in the Statements of Operations.  Accounts payable included estimated contractual allowances for $3,479,252 and $3,591,534 as of June 30, 2017 and December 31, 2016, respectively.  The terms and conditions of contractual pricing allowances are governed by contracts between the Company and its distributors.  Revenue for shipments directly to end-users is recognized when title and risk of ownership pass from the Company.  Any product shipped or distributed for evaluation purposes is expensed.

 

The Company’s domestic return policy is set forth in its standard Distribution Agreement.  This policy provides that a customer may return incorrect shipments within 10 days following arrival at the distributor’s facility.  In all such cases, the distributor must obtain an authorization code from the Company and affix the code to the returned product.  The Company will not accept returned goods without a returned goods authorization number.  The Company may refund the customer’s money or replace the product.

 

The Company’s domestic return policy also generally provides that a customer may return product that is overstocked.  Overstocking returns are limited to two times in each 12-month period up to 1% of distributor’s total purchase of products for the prior 12-month period.  All product overstocks and returns are subject to inspection and acceptance by the Company.

 

The Company’s international distribution agreements generally do not provide for any returns.

 

Litigation proceeds

Litigation proceeds

 

Proceeds from litigation are recognized when realizable.  Generally, realization is not reasonably assured and expected until proceeds are collected and the legal proceeding has concluded.

 

 

Income taxes

Income taxes

 

The Company evaluates tax positions taken or expected to be taken in a tax return for recognition in the financial statements based on whether it is “more-likely-than-not” that a tax position will be sustained based upon the technical merits of the position.  Measurement of the tax position is based upon the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.

 

The Company provides for deferred income taxes through utilizing an asset and liability approach for financial accounting and reporting based on the tax effects of differences between the financial statement and tax bases of assets and liabilities, based on enacted rates expected to be in effect when such differences reverse in future periods.  Deferred tax assets are periodically reviewed for realizability.  The Company has established a valuation allowance for its net deferred tax asset as future taxable income cannot be reasonably assured.  Penalties and interest related to income tax are classified as General and administrative expense and Interest expense, respectively, in the Condensed Statements of Operations.  Such expenses are not material.

 

 

Loss per share

Loss per share

 

The Company computes basic loss per share by dividing net loss for the period (adjusted for any cumulative dividends for the period) by the weighted average number of common shares outstanding during the period.  Diluted loss per share includes the determinants of basic loss per share and, in addition, reflects the dilutive effect, if any, of the common stock deliverable pursuant to stock options or common stock issuable upon the conversion of convertible preferred stock.  The calculation of diluted loss per share excluded 147,775 and 678,349 shares of Common Stock underlying issued and outstanding stock options at June 30, 2017 and June 30, 2016, respectively, as their effect was antidilutive.  The potential dilution, if any, is shown on the following schedule:

 

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

Net loss

 

$

(1,349,346

)  

$

(656,694

)  

$

(2,539,291

)  

$

(1,595,785

)

Preferred dividend requirements

 

 

(176,249

)

 

(176,249

)

 

(352,498

)

 

(352,498

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss applicable to common shareholders

 

$

(1,525,595

)  

$

(832,943

)  

$

(2,891,789

)  

$

(1,948,283

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common and common equivalent shares outstanding - assuming dilution

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.05

)  

$

(0.03

)  

$

(0.09

)  

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

$

(0.05

)  

$

(0.03

)  

$

(0.09

)  

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shipping and handling costs

Shipping and handling costs

 

The Company classifies shipping and handling costs as part of Cost of sales in the Condensed Statements of Operations.

 

Research and development costs

Research and development costs

 

Research and development costs are expensed as incurred.

 

 

Share-based compensation

Share-based compensation

 

The Company’s share-based payments are accounted for using the fair value method.  The Company records share-based compensation expense on a straight-line basis over the requisite service period.  The Company incurred the following share-based compensation costs:

 

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

$

98,356

 

$

 

$

196,117

 

$

 

Sales and marketing

 

 

51,993

 

 

 

 

104,677

 

 

 

Research and development

 

 

16,407

 

 

 

 

32,715

 

 

 

General and administrative

 

 

68,655

 

 

 

 

136,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

235,411

 

$

 

$

470,309

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Proceeds

Insurance Proceeds

 

Receipts from insurance up to the amount of any loss recognized by the Company are considered recoveries. Any such recoveries are recorded when they are received. Insurance recoveries are not recognized as a component of earnings (loss) from operations until all repairs are made.

 

Recent pronouncements

Recent pronouncements

 

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, “Inventory (Topic 330) Simplifying the Measurement of Inventory,” which is part of the FASB’s Simplification Initiative.  Inventory, including inventory measured at average cost, would be valued at the lower of cost or net realizable value.  Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.  ASU 2015-11 is effective for the Company’s annual periods and interim periods within those annual periods beginning January 1, 2017.  Amendments in this ASU should be applied prospectively with earlier application permitted at the beginning of an interim or annual reporting period.  The adoption of this pronouncement had no impact on the Company’s Balance Sheet, Results of Operations, or Cash Flows in the period of adoption.

 

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”.  These amendments require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments do not provide a definition of restricted cash or restricted cash equivalents. The updated guidance is effective for the Company’s quarter ending March 31, 2018, with early adoption permitted.  The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.

 

In June 2016, the FASB issued Accounting Standards Update 2016-13, “Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”.  Among other things, these amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.  Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses.  This ASU is effective for the Company’s quarter ending March 31, 2020 with early application permitted for the Company’s quarter ending March 31, 2019.  The Company is currently assessing the impact that adoption of this guidance will have on its financial statements and related disclosures.

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (topic 842). Under the new ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance lessor accounting is largely unchanged. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. This ASU is effective for the Company’s quarter ending March 31, 2019, with early adoption permitted. The Company is currently evaluating the impact of this standard.

 

In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which provides guidance for revenue recognition.  This ASU’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects consideration to which the company expects to be entitled in exchange for those goods or services.  This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract.  ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption.  In July 2015, the FASB voted to delay the effective date of this ASU by one year.  The ASU will now be effective commencing with the Company’s quarter ending March 31, 2018.  Early adoption of this ASU is allowed no sooner than the original effective date.  The Company is currently assessing the potential impact of this ASU on its financial statements.

 

XML 28 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of property, plant and equipment

Production equipment

 

3 to 13 years

Office furniture and equipment

 

3 to 10 years

Buildings

 

39 years

Building improvements

 

15 years

 

Schedule of significant customers

 

 

Six Months
ended
June 30, 2017

 

Six Months
ended
June 30, 2016

 

Three Months
ended
June 30, 2017

 

Three Months
ended
June 30, 2016

 

Number of significant customers

 

1

 

2

 

2

 

1

 

Aggregate dollar amount of net sales to significant customers

 

$4.1 million

 

$6.1 million

 

$3.1 million

 

$2.8 million

 

Percentage of net sales to significant customers

 

28.0%

 

44.9%

 

40.2%

 

37.3%

 

 

Schedule of loss per share

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

Net loss

 

$

(1,349,346

)  

$

(656,694

)  

$

(2,539,291

)  

$

(1,595,785

)

Preferred dividend requirements

 

 

(176,249

)

 

(176,249

)

 

(352,498

)

 

(352,498

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss applicable to common shareholders

 

$

(1,525,595

)  

$

(832,943

)  

$

(2,891,789

)  

$

(1,948,283

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common and common equivalent shares outstanding - assuming dilution

 

 

31,666,454

 

 

29,483,207

 

 

31,499,787

 

 

29,054,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.05

)  

$

(0.03

)  

$

(0.09

)  

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

$

(0.05

)  

$

(0.03

)  

$

(0.09

)  

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of share-based compensation costs

 

 

 

Three Months
Ended
June 30, 2017

 

 

Three Months
Ended
June 30, 2016

 

 

Six Months
Ended
June 30, 2017

 

 

Six Months
Ended
June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

$

98,356

 

$

 

$

196,117

 

$

 

Sales and marketing

 

 

51,993

 

 

 

 

104,677

 

 

 

Research and development

 

 

16,407

 

 

 

 

32,715

 

 

 

General and administrative

 

 

68,655

 

 

 

 

136,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

235,411

 

$

 

$

470,309

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XML 29 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
INVENTORIES (Tables)
6 Months Ended
Jun. 30, 2017
INVENTORIES  
Schedule of inventories

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Raw materials

 

$

1,489,305

 

$

1,303,278

 

Finished goods

 

 

7,155,617

 

 

6,309,469

 

 

 

 

 

 

 

 

 

 

 

 

8,644,922

 

 

7,612,747

 

Inventory reserve

 

 

(595,523

)

 

(595,523

)

 

 

 

 

 

 

 

 

 

 

$

8,049,399

 

$

7,017,224

 

 

 

 

 

 

 

 

 

 

XML 30 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER ACCRUED LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2017
OTHER ACCRUED LIABILITIES  
Schedule of other accrued liabilities

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Prepayments from customers

 

$

457,398

 

$

692,922

 

Accrued property taxes

 

 

242,050

 

 

 

Accrued professional fees

 

 

127,808

 

 

266,747

 

Other accrued expenses

 

 

66,139

 

 

59,614

 

 

 

 

 

 

 

 

 

 

 

$

893,395

 

$

1,019,283

 

 

 

 

 

 

 

 

 

 

 

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
BUSINESS SEGMENT (Tables)
6 Months Ended
Jun. 30, 2017
BUSINESS SEGMENT  
Schedule of sales and long-lived assets by geography

 

 

Three Months
Ended
June 30, 2017

 

Three Months
Ended
June 30, 2016

 

Six Months
Ended
June 30, 2017

 

Six Months
Ended
June 30, 2016

 

U.S. sales

$

 

6,055,144

$

 

6,944,479

$

 

12,003,000

$

 

12,447,489

 

North and South America sales (excluding U.S.)

 

1,331,029

 

304,210

 

1,827,560

 

651,874

 

Other international sales

 

259,944

 

326,364

 

739,237

 

397,672

 

 

 

 

 

 

 

 

 

 

 

Total sales, net

$

 

7,646,117

$

 

7,575,053

$

 

14,569,797

$

 

13,497,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

December 31, 2016

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

11,669,906

 

$

11,930,293

 

International

 

$

149,682

 

$

161,744

 

 

XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts receivable, Property, plant and equipment and Long-lived assets (Details)
6 Months Ended
Jun. 30, 2017
item
Accounts receivable  
Number of products consigned to customers 0
Production equipment | Minimum  
Property, plant, and equipment  
Useful lives 3 years
Production equipment | Maximum  
Property, plant, and equipment  
Useful lives 13 years
Office furniture and equipment | Minimum  
Property, plant, and equipment  
Useful lives 3 years
Office furniture and equipment | Maximum  
Property, plant, and equipment  
Useful lives 10 years
Buildings  
Property, plant, and equipment  
Useful lives 39 years
Building improvements  
Property, plant, and equipment  
Useful lives 15 years
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration risks, Revenue recognition, Litigation proceeds (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
customer
Jun. 30, 2016
USD ($)
customer
Jun. 30, 2017
USD ($)
customer
item
Jun. 30, 2016
USD ($)
customer
Dec. 31, 2016
USD ($)
Concentration risks          
Number of significant customers | customer 2 1 1 2  
Aggregate dollar amount of net sales to significant customers $ 7,646,117 $ 7,575,053 $ 14,569,797 $ 13,497,035  
Revenue recognition          
Estimated contractual allowance 3,479,252   $ 3,479,252   $ 3,591,534
Period for return of incorrect shipments     10 days    
Number of times overstocking returns are limited | item     2    
Period for return of product due to overstock     12 months    
Maximum percentage of distributor's total purchase for the prior 12-month period     1.00%    
Sales | Customer Concentration Risk          
Concentration risks          
Aggregate dollar amount of net sales to significant customers $ 3,100,000 $ 2,800,000 $ 4,100,000 $ 6,100,000  
Percentage of net sales to significant customers (as a percent) 40.20% 37.30% 28.00% 44.90%  
Syringes | Supplier Concentration Risk          
Concentration risks          
Percentage of net sales to significant customers (as a percent) 90.10% 91.80% 89.10% 78.20%  
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loss per share (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Loss per share        
Stock options excluded from calculation of diluted loss per share     147,775 678,349
Net loss $ (1,349,346) $ (656,694) $ (2,539,291) $ (1,595,785)
Preferred dividend requirements (176,249) (176,249) (352,498) (352,498)
Loss applicable to common shareholders $ (1,525,595) $ (832,943) $ (2,891,789) $ (1,948,283)
Average common shares outstanding 31,666,454 29,483,207 31,499,787 29,054,041
Average common and common equivalent shares outstanding - assuming dilution 31,666,454 29,483,207 31,499,787 29,054,041
Basic loss per share (in dollars per share) $ (0.05) $ (0.03) $ (0.09) $ (0.07)
Diluted loss per share (in dollars per share) $ (0.05) $ (0.03) $ (0.09) $ (0.07)
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Share-based compensation (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Share-based compensation costs:    
Share-based compensation expense $ 235,411 $ 470,309
Cost of sales    
Share-based compensation costs:    
Share-based compensation expense 98,356 196,117
Sales and marketing    
Share-based compensation costs:    
Share-based compensation expense 51,993 104,677
Research and development    
Share-based compensation costs:    
Share-based compensation expense 16,407 32,715
General and administrative    
Share-based compensation costs:    
Share-based compensation expense $ 68,655 $ 136,800
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
INVENTORIES (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
INVENTORIES    
Raw materials $ 1,489,305 $ 1,303,278
Finished goods 7,155,617 6,309,469
Inventory, gross 8,644,922 7,612,747
Inventory reserve (595,523) (595,523)
Inventory, net $ 8,049,399 $ 7,017,224
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
INCOME TAXES (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INCOME TAXES        
Effective tax rate (as a percent) 0.00% (0.10%) 0.00% (0.10%)
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER ACCRUED LIABILITIES (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
OTHER ACCRUED LIABILITIES    
Prepayments from customers $ 457,398 $ 692,922
Accrued property taxes 242,050  
Accrued professional fees 127,808 266,747
Other accrued expenses 66,139 59,614
Other accrued liabilities $ 893,395 $ 1,019,283
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
COMMITMENTS AND CONTINGENCIES (Details)
6 Months Ended
Jan. 15, 2015
USD ($)
Sep. 09, 2013
USD ($)
Jun. 30, 2017
Sep. 30, 2007
item
Becton Dickinson and Company Case        
COMMITMENTS AND CONTINGENCIES        
Value of damages awarded $ 340,524,042 $ 113,508,014    
Length of time required to post corrected product information on its website     3 years  
Length of time required to modify its advertising messages     3 years  
Attorney fees 11,722,823      
Litigation costs recoverable $ 295,000      
BD and MDC Investment Holdings Inc Case        
COMMITMENTS AND CONTINGENCIES        
Number of U.S. patents infringed upon | item       2
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
BUSINESS SEGMENT (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Sales by geography          
Total sales, net $ 7,646,117 $ 7,575,053 $ 14,569,797 $ 13,497,035  
U.S.          
Sales by geography          
Total sales, net 6,055,144 6,944,479 12,003,000 12,447,489  
Long-lived assets          
Long-lived assets 11,669,906   11,669,906   $ 11,930,293
North and South America sales (excluding U.S.)          
Sales by geography          
Total sales, net 1,331,029 304,210 1,827,560 651,874  
Other international sales          
Sales by geography          
Total sales, net 259,944 $ 326,364 739,237 $ 397,672  
International          
Long-lived assets          
Long-lived assets $ 149,682   $ 149,682   $ 161,744
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
DIVIDENDS (Details) - USD ($)
6 Months Ended
Jul. 20, 2017
Apr. 27, 2017
Jul. 28, 2016
Apr. 21, 2016
Jun. 30, 2017
Jun. 30, 2016
Dividends            
Preferred dividends declared         $ 55,113 $ 55,113
Series I, Class B            
Dividends            
Preferred dividends declared $ 12,313 $ 12,313 $ 12,313 $ 12,313    
Series II, Class B            
Dividends            
Preferred dividends declared $ 42,800 $ 42,800 $ 42,800 $ 42,800    
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1
PRIVATE PURCHASE (Details)
$ in Thousands
6 Months Ended
Jan. 12, 2017
USD ($)
shares
Jun. 30, 2017
item
Sep. 09, 2018
shares
PRIVATE PLACEMENT      
Number of executive officers | item   3  
Executive officers | Thomas J. Shaw | Private Placement      
PRIVATE PLACEMENT      
Issuance of new Common stock (in shares) 2,000,000    
Issuance of new Common stock | $ $ 1,780    
Number of shares authorized for purchase     1,000,000
Executive officers | Mr. Cowan | Private Placement      
PRIVATE PLACEMENT      
Number of shares authorized for purchase     500,000
Executive officers | Ms. Larios | Private Placement      
PRIVATE PLACEMENT      
Number of shares authorized for purchase     500,000
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
BONUSES (Details) - Executive officers
Feb. 28, 2017
USD ($)
Mr. Cowan  
Cash bonus granted $ 250,000
Ms. Larios  
Cash bonus granted $ 250,000
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
STORM DAMAGE AND INSURANCE PROCEEDS (Details)
Mar. 26, 2017
USD ($)
building
Insurance Information  
Number of buildings damaged due to storm | building 2
Insurance proceeds for assessed damages $ 1,000,000
Maximum  
Insurance Information  
Deduction of insurance proceeds for assessed damages $ 25,000
EXCEL 45 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 46 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 47 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 49 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 77 151 1 false 30 0 false 7 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.vanishpoint.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - CONDENSED BALANCE SHEETS Sheet http://www.vanishpoint.com/role/StatementCondensedBalanceSheets CONDENSED BALANCE SHEETS Statements 2 false false R3.htm 00105 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) Sheet http://www.vanishpoint.com/role/StatementCondensedBalanceSheetsParenthetical CONDENSED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - CONDENSED STATEMENTS OF OPERATIONS Sheet http://www.vanishpoint.com/role/StatementCondensedStatementsOfOperations CONDENSED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 00300 - Statement - CONDENSED STATEMENTS OF CASH FLOWS Sheet http://www.vanishpoint.com/role/StatementCondensedStatementsOfCashFlows CONDENSED STATEMENTS OF CASH FLOWS Statements 5 false false R6.htm 10101 - Disclosure - BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION Sheet http://www.vanishpoint.com/role/DisclosureBusinessOfCompanyAndBasisOfPresentation BUSINESS OF THE COMPANY AND BASIS OF PRESENTATION Notes 6 false false R7.htm 10201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 7 false false R8.htm 10301 - Disclosure - INVENTORIES Sheet http://www.vanishpoint.com/role/DisclosureInventories INVENTORIES Notes 8 false false R9.htm 10401 - Disclosure - INCOME TAXES Sheet http://www.vanishpoint.com/role/DisclosureIncomeTaxes INCOME TAXES Notes 9 false false R10.htm 10501 - Disclosure - OTHER ACCRUED LIABILITIES Sheet http://www.vanishpoint.com/role/DisclosureOtherAccruedLiabilities OTHER ACCRUED LIABILITIES Notes 10 false false R11.htm 10601 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.vanishpoint.com/role/DisclosureCommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 11 false false R12.htm 10701 - Disclosure - BUSINESS SEGMENT Sheet http://www.vanishpoint.com/role/DisclosureBusinessSegment BUSINESS SEGMENT Notes 12 false false R13.htm 10801 - Disclosure - DIVIDENDS Sheet http://www.vanishpoint.com/role/DisclosureDividends DIVIDENDS Notes 13 false false R14.htm 10901 - Disclosure - PRIVATE PURCHASE Sheet http://www.vanishpoint.com/role/DisclosurePrivatePurchase PRIVATE PURCHASE Notes 14 false false R15.htm 11001 - Disclosure - BONUSES Sheet http://www.vanishpoint.com/role/DisclosureBonuses BONUSES Notes 15 false false R16.htm 11101 - Disclosure - STORM DAMAGE AND INSURANCE PROCEEDS Sheet http://www.vanishpoint.com/role/DisclosureStormDamageAndInsuranceProceeds STORM DAMAGE AND INSURANCE PROCEEDS Notes 16 false false R17.htm 20202 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 17 false false R18.htm 30203 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPolicies 18 false false R19.htm 30303 - Disclosure - INVENTORIES (Tables) Sheet http://www.vanishpoint.com/role/DisclosureInventoriesTables INVENTORIES (Tables) Tables http://www.vanishpoint.com/role/DisclosureInventories 19 false false R20.htm 30503 - Disclosure - OTHER ACCRUED LIABILITIES (Tables) Sheet http://www.vanishpoint.com/role/DisclosureOtherAccruedLiabilitiesTables OTHER ACCRUED LIABILITIES (Tables) Tables http://www.vanishpoint.com/role/DisclosureOtherAccruedLiabilities 20 false false R21.htm 30703 - Disclosure - BUSINESS SEGMENT (Tables) Sheet http://www.vanishpoint.com/role/DisclosureBusinessSegmentTables BUSINESS SEGMENT (Tables) Tables http://www.vanishpoint.com/role/DisclosureBusinessSegment 21 false false R22.htm 40201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts receivable, Property, plant and equipment and Long-lived assets (Details) Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPoliciesAccountsReceivablePropertyPlantAndEquipmentAndLongLivedAssetsDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts receivable, Property, plant and equipment and Long-lived assets (Details) Details 22 false false R23.htm 40202 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration risks, Revenue recognition, Litigation proceeds (Details) Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPoliciesConcentrationRisksRevenueRecognitionLitigationProceedsDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration risks, Revenue recognition, Litigation proceeds (Details) Details 23 false false R24.htm 40203 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loss per share (Details) Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPoliciesLossPerShareDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loss per share (Details) Details 24 false false R25.htm 40204 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Share-based compensation (Details) Sheet http://www.vanishpoint.com/role/DisclosureSummaryOfSignificantAccountingPoliciesShareBasedCompensationDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Share-based compensation (Details) Details 25 false false R26.htm 40301 - Disclosure - INVENTORIES (Details) Sheet http://www.vanishpoint.com/role/DisclosureInventoriesDetails INVENTORIES (Details) Details http://www.vanishpoint.com/role/DisclosureInventoriesTables 26 false false R27.htm 40401 - Disclosure - INCOME TAXES (Details) Sheet http://www.vanishpoint.com/role/DisclosureIncomeTaxesDetails INCOME TAXES (Details) Details http://www.vanishpoint.com/role/DisclosureIncomeTaxes 27 false false R28.htm 40501 - Disclosure - OTHER ACCRUED LIABILITIES (Details) Sheet http://www.vanishpoint.com/role/DisclosureOtherAccruedLiabilitiesDetails OTHER ACCRUED LIABILITIES (Details) Details http://www.vanishpoint.com/role/DisclosureOtherAccruedLiabilitiesTables 28 false false R29.htm 40601 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) Sheet http://www.vanishpoint.com/role/DisclosureCommitmentsAndContingenciesDetails COMMITMENTS AND CONTINGENCIES (Details) Details http://www.vanishpoint.com/role/DisclosureCommitmentsAndContingencies 29 false false R30.htm 40701 - Disclosure - BUSINESS SEGMENT (Details) Sheet http://www.vanishpoint.com/role/DisclosureBusinessSegmentDetails BUSINESS SEGMENT (Details) Details http://www.vanishpoint.com/role/DisclosureBusinessSegmentTables 30 false false R31.htm 40801 - Disclosure - DIVIDENDS (Details) Sheet http://www.vanishpoint.com/role/DisclosureDividendsDetails DIVIDENDS (Details) Details http://www.vanishpoint.com/role/DisclosureDividends 31 false false R32.htm 40901 - Disclosure - PRIVATE PURCHASE (Details) Sheet http://www.vanishpoint.com/role/DisclosurePrivatePurchaseDetails PRIVATE PURCHASE (Details) Details http://www.vanishpoint.com/role/DisclosurePrivatePurchase 32 false false R33.htm 41001 - Disclosure - BONUSES (Details) Sheet http://www.vanishpoint.com/role/DisclosureBonusesDetails BONUSES (Details) Details http://www.vanishpoint.com/role/DisclosureBonuses 33 false false R34.htm 41101 - Disclosure - STORM DAMAGE AND INSURANCE PROCEEDS (Details) Sheet http://www.vanishpoint.com/role/DisclosureStormDamageAndInsuranceProceedsDetails STORM DAMAGE AND INSURANCE PROCEEDS (Details) Details http://www.vanishpoint.com/role/DisclosureStormDamageAndInsuranceProceeds 34 false false All Reports Book All Reports rvp-20170630.xml rvp-20170630.xsd rvp-20170630_cal.xml rvp-20170630_def.xml rvp-20170630_lab.xml rvp-20170630_pre.xml true true ZIP 51 0001104659-17-051770-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001104659-17-051770-xbrl.zip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end