SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2018 |
Dec. 31, 2017 |
Significant Accounting Policies Tables Abstract |
|
|
Computations of weighted average shares outstanding |
|
|
September
30,
2018
|
|
|
September
30,
2017
|
|
Shares
underlying options outstanding |
|
|
793,850 |
|
|
|
478,500 |
|
Shares
underlying warrants outstanding |
|
|
70,250 |
|
|
|
24,300 |
|
Shares
underlying convertible notes outstanding |
|
|
1,875,000 |
|
|
|
1,312,500 |
|
|
|
|
2,739,100 |
|
|
|
1,815,650 |
|
|
|
|
2017 |
|
|
2016 |
|
Shares
underlying options outstanding |
|
|
478,850 |
|
|
|
478,500 |
|
Shares
underlying warrants outstanding |
|
|
24,300 |
|
|
|
26,300 |
|
Shares
underlying convertible notes outstanding |
|
|
1,312,500 |
|
|
|
1,997,063 |
|
|
|
|
1,815,650 |
|
|
|
2,501,863 |
|
|
Revenue recognition of sales |
The
following table presents our net sales by product category for the three months ended September 30, 2018 and 2017:
|
|
Three
months Ended |
|
|
|
September
30,
2018
|
|
|
September
30,
2017
|
|
Sales/access
fees |
|
$ |
18,760 |
|
|
$ |
46,249 |
|
Distribution
rights income |
|
|
59,824 |
|
|
|
101,344 |
|
Net
sales |
|
$ |
78,584 |
|
|
$ |
147,593 |
|
The
following table presents our net sales by product category for the nine months ended September 30, 2018 and 2017:
|
|
Nine
months Ended |
|
|
|
September
30,
2018
|
|
|
September
30,
2017
|
|
Sales/access
fees |
|
$ |
122,460 |
|
|
$ |
113,500 |
|
Distribution
rights income |
|
|
202,522 |
|
|
|
378,864 |
|
Net
sales |
|
$ |
324,982 |
|
|
$ |
492,364 |
|
|
|
Changes in deferred revenue |
Balance as of December 31, 2017: |
|
|
|
Short term |
|
$ |
237,347 |
|
Long term |
|
|
401,346 |
|
Total as of December 31, 2017 |
|
|
638,693 |
|
Cash payments received |
|
|
25,000 |
|
Net sales recognized |
|
|
(202,522 |
) |
Balance as of September 30, 2018 |
|
|
461,171 |
|
Less short term |
|
|
215,236 |
|
Long term |
|
$ |
245,935 |
|
|
|