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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Significant Accounting Policies  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Total
Carrying
Value at
December 31

 

Quoted Prices
in Active
Markests
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets as of December 31, 2015:

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

9,490,000 

 

 

9,490,000 

 

 

Assets as of December 31, 2014:

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

9,698,000 

 

 

9,698,000 

 

 

 

Schedule Of Allowance For Doubtful Accounts

 

December 31

 

2015

 

2014

 

Beginning balance

 

$

89,000

 

$

17,000

 

Bad debt provision

 

(5,000

)

72,000

 

Accounts written-off

 

(5,000

)

 

 

 

 

 

 

 

Ending balance

 

$

79,000

 

$

89,000

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Inventories

 

December 31

 

2015

 

2014

 

Raw materials

 

$

69,000 

 

$

110,000 

 

Work-in-process

 

4,000 

 

8,000 

 

Finished goods

 

318,000 

 

405,000 

 

 

 

 

 

 

 

 

 

$

391,000 

 

$

523,000 

 

 

 

 

 

 

 

 

 

 

Schedule Of Estimated Useful Lives

 

Production tooling, machinery and equipment

 

1 - 6 years

 

Office furniture and fixtures

 

3 years

 

Computer equipment and software

 

3 years

 

Web development

 

3 years

 

 

 

Schedule Of Weighted Average Common Shares Outstanding

 

Year ended December 31

 

2015

 

2014

 

Denominator for basic net income per share - weighted average shares

 

12,044,000 

 

12,635,000 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

Stock options and restricted stock units

 

172,000 

 

238,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted net income per share - weighted average shares

 

12,216,000 

 

12,873,000