Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Summary of Significant Accounting Policies (Tables) |
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| Schedule of fair value assets and liabilities measured on recurring basis |
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| Fair Value Measurement as of December 31, 2019
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| Total
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| Level 1
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| Level 2
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| Level 3
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| Assets:
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|
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|
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|
|
|
|
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| Cash
|
|
| 1,499,287 |
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|
| 1,499,287 |
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|
| - |
|
|
| - |
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| Total Assets
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| $ | 1,499,287 |
|
| $ | 1,499,287 |
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| $ | - |
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| $ | - |
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|
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| Liabilities
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|
|
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| Promissory notes
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|
| 12,200,411 |
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|
| - |
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|
| 12,200,411 |
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|
| - |
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| Profit share liability
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|
| 2,328,845 |
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|
| - |
|
|
| - |
|
|
| 2,328,845 |
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| Total Liabilities
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| $ | 14,529,256 |
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| $ | - |
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| $ | 12,200,411 |
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| $ | 2,328,845 |
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|
|
|
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|
| Fair Value Measurement as of December 31, 2018
|
|
|
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| Total
|
|
| Level 1
|
|
| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
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| Cash
|
|
| 584,877 |
|
|
| 584,877 |
|
|
| - |
|
|
| - |
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| Total Assets
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| $ | 584,877 |
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| $ | 584,877 |
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| $ | - |
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| $ | - |
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|
|
|
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|
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| Liabilities
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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| Promissory notes
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|
| 13,814,208 |
|
|
| - |
|
|
| 13,814,208 |
|
|
|
|
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| Total Liabilities
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| $ | 13,814,208 |
|
| $ | - |
|
| $ | 13,814,208 |
|
| $ | - |
|
|
| Schedule of sale by operating segment |
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| Year ended December 31, 2019
| |
| Year ended December 31, 2018
| |
|
| United States
| |
| International
| |
| Total
| |
| United States
| |
| International
| |
| Total
|
|
| Product revenue
|
| $
| 10,746,714
| |
| $
| 297,840
| |
| $
| 11,044,554
| |
| $
| 11,965,185
| |
| $
| 149,968
| |
| $
| 12,115,153
|
|
| Demonstrations & Consulting revenue
| |
| 183,448
| | |
| 95,543
| | |
| 278,991
| | |
| 131,681
| | |
| -
| | |
| 131,681
|
|
| Equipment revenue
| |
| 93,481
| | |
| -
| | |
| 93,481
| | |
| 49,028
| | |
| -
| | |
| 49,028
| |
|
| $
| 11,023,643
| |
| $
| 393,383
| |
| $
| 11,417,026
| |
| $
| 12,145,894
| |
| $
| 149,968
| |
| $
| 12,295,862
| |
|
| Schedule of earnings per share basic and diluted |
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|
| December 31
|
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| December 31
|
|
|
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| 2019
|
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| 2018
|
|
|
|
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|
|
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| Stock Options
|
|
| 12,553,326 |
|
|
| 9,161,510 |
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| Warrants
|
|
| 5,690,378 |
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|
| 4,105,398 |
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| Convertible debt
|
|
| 9,351,400 |
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| 3,700,000 |
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| Total common stock equivalents excluded from diluted net loss per share
|
|
| 27,595,104 |
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| 16,966,908 |
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