Schedule II-Schedule of Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2015

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, 2015, 2014, and 2013

	Balance at beginning of period		Additions		Deductions		Balance at end of period
Provision for Inventories
Fiscal year ended 2013	$	239,752	$	530,000	$	88,357	$	681,395
Fiscal year ended 2014	$	681,395	$	—	$	—	$	681,395
Fiscal year ended 2015	$	681,395	$	—	$	—	$	681,395

Provision for Accounts Receivable
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
Fiscal year ended 2015	$	1,725,806	$	116,395	$	46,720	$	1,795,481

Deferred Tax Valuation
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
Fiscal year ended 2015	$	9,385,456	$	—	$	1,633,484	$	7,751,972

Provision for Rebates			(A)		(B)		(C)
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
Fiscal year ended 2015	$	33,838,780	$	19,488,956	$	12,155,856	$	41,171,880

(A)

Represents estimated rebates deducted from gross revenues

(B)

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

(C)

Includes $3,733,199; $4,160,099; and $3,611,962 in Accounts payable for 2015, 2014, and 2013, 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