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, 2013
Guarantees [Abstract]  
Schedule of Product Warranty Reserve
Changes in the Company’s warranty reserve were as follows:
 
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
 
Warranty provision for units sold
 
 
179,841
 
Costs of warranty incurred
 
 
(175,041)
 
Warranty reserve, December 31, 2013
 
$
95,000