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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		$	—