Schedule II-Schedule of Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

Schedule II - Schedule of Valuation and Qualifying Accounts

Schedule II - Schedule of Valuation and Qualifying Accounts

Schedule II-Schedule of Valuation and Qualifying Accounts for the years ended December 31, 2014, 2013, and 2012:

	Balance at beginning of period		Additions		Deductions		Balance at end of period
Provision for Inventories
Fiscal year ended 2012	$	258,435	$	120,000	$	138,683	$	239,752
Fiscal year ended 2013	$	239,752	$	530,000	$	88,357	$	681,395
Fiscal year ended 2014	$	681,395	$	—	$	—	$	681,395

Provision for Accounts Receivable
Fiscal year ended 2012	$	2,078,944	$	107,246	$	—	$	2,186,190
Fiscal year ended 2013	$	2,186,190	$	50,000	$	537,684	$	1,698,506
Fiscal year ended 2014	$	1,698,506	$	27,300	$	—	$	1,725,806

Deferred Tax Valuation
Fiscal year ended 2012	$	5,005,010	$	1,155,638	$	—	$	6,160,648
Fiscal year ended 2013	$	6,160,648	$	2,417,018	$	—	$	8,577,666
Fiscal year ended 2014	$	8,577,666	$	807,790	$	—	$	9,385,456

Provision for Rebates			(A)		(B)		(C)
Fiscal year ended 2012	$	16,158,795	$	19,615,388	$	13,780,916	$	21,993,267
Fiscal year ended 2013	$	21,993,267	$	17,912,447	$	13,112,048	$	26,793,666
Fiscal year ended 2014	$	26,793,666	$	19,115,643	$	12,070,529	$	33,838,780

(A)

Represents estimated rebates deducted from gross revenues

(B)

Represents rebates credited to the distributor and charge offs against the allowance

(C)

Includes $4,160,099; $3,611,962; and $3,036,564 in Accounts payable for 2014, 2013, and 2012, respectively. The remainder includes a contra-account for credits taken by the distributor for which a credit memorandum has not been issued by the Company