Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Summary of Significant Accounting Policies (Tables)  
Schedule of lease cost and expenses

 

 

Three Months

Ended June 30,

2019

 

Six Months

Ended June 30,

2019

 

Operatig lease cost

 

$

109,710

 

$

219,420

 

Short-term lease cost (1)

 

6,450

 

12,900

 

Total lease cost

 

$

116,160

 

$

232,320

 

Schedule of fair value assets and liabilities measured on recurring basis

 

 

Fair Value Measurement as of June 30, 2019

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

Cash

 

1,320,874

 

1,320,874

 

Total Assets

 

$

1,320,874

 

$

1,320,874

 

$

-

 

$

-

 

Liabilities

 

Promissory notes

 

12,241,159

 

-

 

12,241,159

 

Total Libilities

 

$

12,241,159

 

$

-

 

$

12,241,159

 

$

-

 

Fair Value Measurement as of December 31, 2018

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

Cash

 

584,877

 

584,877

 

Total Assets

 

$

584,877

 

$

584,877

 

$

-

 

$

-

 

Liabilities

 

Promissory notes

 

13,814,208

 

-

 

13,814,208

 

Total Libilities

 

$

13,814,208

 

$

-

 

$

13,814,208

 

$

-

 

Schedule of earnings per share basic and diluted

 

 

June 30,

 

June 30,

 

2019

 

2018

 

Stock Options

 

12,563,326

 

8,680,893

 

Warrants

 

4,102,098

 

7,237,763

 

Convertible debt

 

6,300,000

 

3,100,000

 

Total common stock equivalents excluded from diluted net loss per share

 

22,965,424

 

19,018,656