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)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Calculation of diluted EPS

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

 

    Three Months Ended
June 30,
   

Six Months Ended

June 30,

 
    2020     2019     2020     2019  
Weighted average common shares outstanding - basic     136,311,335       135,085,519       135,814,956       134,477,460  
Dilutive effect of stock options                       20,362  
Weighted average common shares outstanding - diluted     136,311,335       135,085,519       135,814,956       134,497,822  
Schedule of product warranties

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

 

    June 30,
2020
    December 31,
2019
 
Beginning balance   $ 58,791     $ 46,103  
Warranty claims incurred     (10,838 )     (66,803 )
Provision charged to expense     4,575       79,491  
Ending balance   $ 52,528     $ 58,791