Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2020 |
|---|
| Summary of Significant Accounting Policies |
|
| Schedule of fair value assets and liabilities measured on recurring basis |
|
|
| |
|
| Fair Value Measurement as of
March 31, 2020
|
|
|
|
| Total
|
|
| Level 1
|
|
| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
|
|
| 461,300
|
|
|
| 461,300
|
|
|
| -
|
|
|
| -
|
|
| Total Assets
|
| $
| 461,300
|
|
| $
| 461,300
|
|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory notes
|
|
| 12,894,571
|
|
|
| -
|
|
|
| 12,894,571
|
|
|
| -
|
|
| Profit share liability
|
|
| 2,452,495
|
|
|
| -
|
|
|
| -
|
|
|
| 2,452,495
|
|
| Total Liabilities
|
| $
| 15,347,066
|
|
| $
| -
|
|
| $
| 12,894,571
|
|
| $
| 2,452,495
|
|
|
|
| |
|
| Fair Value Measurement as of
December 31, 2019
|
|
|
|
| Total
|
|
| Level 1
|
|
| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
|
|
| 1,499,287
|
|
|
| 1,499,287
|
|
|
| -
|
|
|
| -
|
|
| Total Assets
|
| $
| 1,499,287
|
|
| $
| 1,499,287
|
|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory notes
|
|
| 12,200,411
|
|
|
| -
|
|
|
| 12,200,411
|
|
|
| -
|
|
| Profit share liability
|
|
| 2,328,845
|
|
|
| -
|
|
|
| -
|
|
|
| 2,328,845
|
|
| Total Liabilities
|
| $
| 14,529,256
|
|
| $
| -
|
|
| $
| 12,200,411
|
|
| $
| 2,328,845
|
|
|
| Schedule of sale by operating segment |
|
|
| Three months ended
March 31, 2020
|
|
| Three months ended
March 31, 2019
|
|
|
|
| United States
|
|
| International
|
|
| Total
|
|
| United States
|
|
| International
|
|
| Total
|
|
| Product revenue
|
| $
| 984,160
|
|
| $
| 85,200
|
|
| $
| 1,069,360
|
|
| $
| 2,715,282
|
|
| $
| 42,600
|
|
| $
| 2,757,882
|
|
| Demonstrations & Consulting revenue
|
|
| 42,767
|
|
|
| -
|
|
|
| 42,767
|
|
|
| 24,000
|
|
|
| -
|
|
|
| 24,000
|
|
| Equipment revenue
|
|
| 4,549
|
|
|
| -
|
|
|
| 4,549
|
|
|
| 5,439
|
|
|
| -
|
|
|
| 5,439
|
|
|
|
| $
| 1,031,476
|
|
| $
| 85,200
|
|
| $
| 1,116,676
|
|
| $
| 2,744,721
|
|
| $
| 42,600
|
|
| $
| 2,787,321
|
|
|
| Schedule of earnings per share basic and diluted |
|
|
| March 31,
|
|
| March 31,
|
|
|
|
| 2020
|
|
| 2019
|
|
|
|
|
|
|
|
|
|
| Stock options
|
|
| 12,553,326
|
|
|
| 8,526,510
|
|
| Warrants
|
|
| 5,690,378
|
|
|
| 4,105,398
|
|
| Convertible debt
|
|
| 9,157,100
|
|
|
| 3,700,000
|
|
| Total common stock equivalents excluded from diluted net loss per share
|
|
| 27,400,804
|
|
|
| 16,331,908
|
|
|