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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2018
Accounting Policies [Abstract] |
Schedule of inventory valuation |
|  | September 30, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | (unaudited) |  |  |  |
Raw Materials |  | $ | 4,912,000 |  |  | $ | 5,346,000 |
Work In Progress |  |  | 19,787,000 |  |  |  | 19,947,000 |
Finished Goods |  |  | 10,783,000 |  |  |  | 10,122,000 |
Inventory Reserve |  |  | (4,533,000 | ) |  |  | (4,274,000 | )
Total Inventory |  | $ | 30,949,000 |  |  | $ | 31,141,000 |
Schedule of credit and concentration risks | There were three customers that represented 67.4% and 72.1% of total net sales for the three months ended September 30, 2018 and 2017, respectively. This is set forth in the table below.
Customer |  | Percentage of Sales |
|  | September 2018 |  |  | September 2017 |
|  | (Unaudited) |  |  | (Unaudited) |
1 |  |  | 27.7 |  |  |  | 27.5 |
2 |  |  | 26.4 |  |  |  | 23.7 |
3 |  |  | 13.3 |  |  |  | * |
4 |  |  | ** |  |  |  | 20.9 |
| * | Customer was less than 10% of sales at September 30, 2017.
| ** | Customer was less than 10% of sales at September 30, 2018.
There were three customers that represented 69.1% and 68.8% of total sales for the nine months ended September 30, 2018 and 2017, respectively. This is set forth in the table below.
Customer |  | Percentage of Sales |
|  | September 2018 |  |  | September 2017 |
|  | (Unaudited) |  |  | (Unaudited) |
1 |  |  | 31.8 |  |  |  | 25.4 |
2 |  |  | 26.3 |  |  |  | 22.0 |
3 |  |  | 11.0 |  |  |  | * |
4 |  |  | ** |  |  |  | 21.4 |
| * | Customer was less than 10% of sales at September 30, 2017.
| ** | Customer was less than 10% of sales at September 30, 2018.
There were three customers that represented 67.9% and 68.7% of gross accounts receivable at September 30, 2018 and December 31, 2017, respectively. This is set forth in the table below.
Customer |  | Percentage of Receivables |
|  | September 2018 |  |  | December 2017 |
|  | (Unaudited) |  |  |  |
1 |  |  | 37.8 |  |  |  | 41.9 |
2 |  |  | 19.9 |  |  |  | 14.6 |
3 |  |  | 10.2 |  |  |  | * |
4 |  |  | ** |  |  |  | 12.2 |
| * | Customer was less than 10% of gross accounts receivable at December 31, 2017.
| ** | Customer was less than 10% of gross accounts receivable at September 30, 2018.
Schedule of earnings per share |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2018 |  |  | September 30, 2017 |  |  | September 30, 2018 |  |  | September 30, 2017 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Weighted average shares outstanding used to compute basic earnings per share |  |  | 26,768,914 |  |  |  | 13,463,372 |  |  |  | 26,295,703 |  |  |  | 13,463,372 |
Effect of dilutive stock options and warrants |  |  | 36,758 |  |  |  | - |  |  |  | 50,216 |  |  |  | - |
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share |  |  | 26,805,672 |  |  |  | 13,463,372 |  |  |  | 26,345,919 |  |  |  | 13,463,372 |
Schedule of anti-dilutive securities |
|  | Nine Months Ended |
|  | September 30, 2018 |  |  | September 30, 2017 |
|  | (Unaudited) |  |  | (Unaudited) |
Convertible Preferred Stock |  |  | - |  |  |  | 2,631,000 |
Stock Options |  |  | 215,000 |  |  |  | 516,000 |
Warrants |  |  | 1,480,000 |  |  |  | 1,479,000 |
|  |  | 1,695,000 |  |  |  | 4,626,000 |
|  | September 30, 2018 |  |  | September 30, 2017 |
|  | (Unaudited) |  |  | (Unaudited) |
Stock Options |  |  | 695,000 |  |  |  | 22,000 |
Warrants |  |  | 480,000 |  |  |  | - |
|  |  | 1,175,000 |  |  |  | 22,000 |

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