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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of inventory valuation
   June 30,   December 31, 
   2018   2017 
   (unaudited)     
Raw Materials  $14,383,000   $13,936,000 
Work In Progress   19,715,000    20,504,000 
Finished Goods   10,963,000    10,636,000 
Inventory Reserve   (6,016,000)   (5,871,000)
Total Inventory  $39,045,000   $39,205,000 
Schedule of credit and concentration risks

There were two customers that represented 45.7% and three customers represented 57.2% of total net sales for the three months ended June 30, 2018 and 2017, respectively. This is set forth in the table below.

 

Customer  Percentage of Sales 
   June 2018   June 2017 
   (Unaudited)   (Unaudited) 
1   26.1    16.7 
2   19.6    23.5 
3   *    17.0 

 

* Customer was less than 10% of sales at June 30, 2018.

 

There were two customers that represented 49.2% of total sales, and three customers that represented 53.5% of total sales for the six months ended June 30, 2018 and 2017, respectively. This is set forth in the table below.

 

Customer   Percentage of Sales  
    June 2018     June 2017  
    (Unaudited)     (Unaudited)  
1     26.6       19.4  
2     22.6       16.7  
3     *       17.4  

 

* Customer was less than 10% of sales at June 30, 2018.

 

There were two customers that represented 49.8% of gross accounts receivable and three customers that represented 55.5% of gross accounts receivable at June 30, 2018 and December 31, 2017, respectively. This is set forth in the table below.

 

Customer  Percentage of Receivables 
   June 2018   December 2017 
   (Unaudited)     
1   38.5    30.3 
2   11.3    10.5 
3   *    14.7 

 

* Customer was less than 10% of gross accounts receivable at June 30, 2018.

Schedule of earnings per share
  Three Months Ended   Six Months Ended 
   June 30,
2018
   June 30,
2017
   June 30,
2018
   June 30,
2017
 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Weighted average shares outstanding used to compute basic earnings per share   26,013,426    7,650,165    26,057,062    7,650,165 
Effect of dilutive stock options and warrants   65,951    -         
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share   26,079,377    7,650,165    26,057,062    7,650,165 
Schedule of anti-dilutive securities

   Six Months Ended 
   June 30,
2018
   June 30,
2017
 
   (Unaudited)   (Unaudited) 
Stock Options   695,000    - 
Warrants   480,000    85,000 
    1,175,000    85,000 

  

   June 30,
2018
   June 30,
2017
 
   (Unaudited)   (Unaudited) 
Convertible Preferred Stock       2,631,000 
Stock Options   349,000    516,000 
Warrants   1,480,000    979,000 
    1,829,000    4,126,000