General form of registration statement for all companies including face-amount certificate companies

Product warranty (Tables)

v2.4.0.8
Product warranty (Tables)
12 Months Ended
Dec. 31, 2012
Guarantees [Abstract]  
Schedule of Product Warranty Reserve
Changes in the Company’s warranty reserve were as follows:
 
Warranty reserve, December 31, 2010
 
$
82,600
 
Warranty provision for units sold
 
 
42,847
 
Costs of warranty incurred
 
 
(72,447)
 
Warranty reserve, December 31, 2010
 
$
53,000
 
Warranty provision for units sold
 
 
76,637
 
Costs of warranty incurred
 
 
(72,637)
 
Warranty reserve, December 31, 2011
 
 
57,000
 
Warranty provision for units sold
 
 
160,684
 
Costs of warranty incurred
 
 
(127,484)
 
Warranty reserve, December 31, 2012
 
$
90,200