Quarterly report pursuant to Section 13 or 15(d)

A. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
A. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Calculation of diluted EPS

Shares used in the calculation of diluted EPS are summarized below:

 

    Three Months Ended
September 30,		    

Nine Months Ended

September 30,

  
    2020     2019     2020     2019  
Weighted average common shares outstanding – basic     136,311,335       135,331,951       136,061,140       134,937,277  
Dilutive effect of stock options     –       –       –       –  
Weighted average common shares outstanding – diluted     136,311,335       135,331,951       136,061,140       134,937,277  
Schedule of product warranties

Product warranties for the nine months ended September 30, 2020 and the year ended December 31, 2019 are as follows:

 

    September 30,
2020		     December 31,
2019		  
Beginning balance   $ 58,791     $ 46,103  
Warranty claims incurred     (14,580 )     (66,803 )
Provision charged to expense     4,011       79,491  
Ending balance   $ 48,222     $ 58,791