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Accrued Expenses
 3 Months Ended
Mar. 31, 2013
Payables and Accruals [Abstract]  
Accrued Expenses

Note 10 — Accrued Expenses

 

Accrued expenses consisted of the following:

 

    March 31, 2013     December 31, 2012  
       
Accrued Wages and Related Costs   $ 29,501     $ 31,197  
Accrued Compensation     260,745       181,322  
Accrued Professional Services     113,077       181,227  
Accrued Warranty Obligations     65,253       93,788  
Accrued Product Costs     97,900       —  
Other Accrued Expenses     40,938       32,138  
                 
Total   $ 607,414     $ 519,672  

 

The Company has warranty obligations in connection with the sale of certain of its products. The warranty period for its products is generally one year except in certain European countries where it is two years. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. The Company estimates its future warranty costs based on product-based historical performance rates and related costs to repair. The changes in the Company’s accrued warranty obligations for the three months ended March 31, 2013 was as follows:

 

    2013  
       
Accrued Warranty Obligations at December 31, 2012   $ 93,788  
Reductions for Settling Warranties     (41,042 )
Warranties Issued During Period     12,507  
         
Accrued Warranty Obligations at March 31, 2013   $ 65,253