Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Significant Accounting Policies  
Schedule of fair value assets and liabilities measured on recurring basis

 

 

 

 

 

Fair Value Measurement as of

 

 

 

 

 

December 31, 2022

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit share liability – related party (1)

 

$ 3,638,260

 

 

$ -

 

 

$ -

 

 

$ 3,638,260

 

Total Liabilities

 

$ 3,638,260

 

 

$ -

 

 

$ -

 

 

$ 3,638,260

 

 

 

 

 

 

Fair Value Measurement as of

 

 

 

 

 

December 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit share liability – related party (1)

 

$ 2,836,743

 

 

$ -

 

 

$ -

 

 

$ 2,836,743

 

Total Liabilities

 

$ 2,836,743

 

 

$ -

 

 

$ -

 

 

$ 2,836,743

 

Schedule of sales by operating segment

 

 

December 31,

2022

 

 

December 31,

2021

 

Product revenue

 

$ 20,644,438

 

 

$ 11,003,810

 

License revenue

 

 

650,938

 

 

 

1,706,954

 

Demonstrations & Consulting revenue

 

 

108,000

 

 

 

167,180

 

Equipment revenue

 

 

216,777

 

 

 

134,105

 

 

 

$ 21,620,153

 

 

$ 13,012,049

 

Schedule of earnings per share basic and diluted

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Stock Options

 

 

18,876,912

 

 

 

18,318,326

 

Warrants

 

 

3,285,000

 

 

 

4,285,000

 

Total common stock equivalents excluded from basic and dilutive loss per share

 

 

22,161,912

 

 

 

22,603,326