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Product Warranty Provisions (Tables)

12 Months Ended

Dec. 31, 2019

Product Warranty Provisions [Abstract]

Schedule of accrued warranty activity

		December 31, 2018				December 31, 2019
Balance at beginning of year		$	2,279,831			$	2,250,615
Warranty costs incurred			(47,180	)			(85,397	)
Provision for the year			145,804				109,248
Foreign exchange adjustment			(127,840	)			(27,533	)
Balance at end of year		$	2,250,615			$	2,246,933

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- References

No definition available.

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

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