Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2020 |
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| Summary of Significant Accounting Policies |
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| Schedule of fair value assets and liabilities measured on recurring basis |
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| Fair Value Measurement as of
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|
| | | | | September 30, 2020
| |
|
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| Total
|
|
| Level 1
|
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| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
|
| $
| 318,931
|
|
| $
| 318,931
|
|
| $
| -
|
|
| $
| -
|
|
| Total Assets
|
| $
| 318,931
|
|
| $
| 318,931
|
|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Liabilities:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory notes
|
| $
| 14,117,454
|
|
| $
| -
|
|
| $
| 14,117,454
|
|
| $
| -
|
|
| Profit share liability – related party
|
|
| 2,187,891
|
|
|
| -
|
|
|
| -
|
|
|
| 2,187,891
|
|
| Total Liabilities
|
| $
| 16,305,345
|
|
| $
| -
|
|
| $
| 14,117,454
|
|
| $
| 2,187,891
|
|
|
|
| |
|
| 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 sales by operating segment |
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|
| Three months ended September 30, 2020
|
|
| Three months ended September 30, 2019
|
|
|
|
| United States
|
|
| International
|
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| Total
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|
| United States
|
|
| International
|
|
| Total
|
|
| Product revenue
|
| $
| 2,780,638
|
|
| $
| -
|
|
| $
| 2,780,638
|
|
| $
| 3,505,038
|
|
| $
| -
|
|
| $
| 3,505,038
|
|
| Demonstrations & Consulting revenue
|
|
| 27,000
|
|
|
| -
|
|
|
| 27,000
|
|
|
| 40,392
|
|
|
| -
|
|
|
| 40,392
|
|
| Equipment revenue
|
|
| 1,950
|
|
|
| 2,609
|
|
|
| 4,559
|
|
|
| 50,677
|
|
|
| -
|
|
|
| 50,677
|
|
|
|
| $
| 2,809,588
|
|
| $
| 2,609
|
|
| $
| 2,812,197
|
|
| $
| 3,596,107
|
|
| $
| -
|
|
| $
| 3,596,107
|
|
|
|
| Nine months ended September 30, 2020
|
|
| Nine months ended September 30, 2019
|
|
|
|
| United States
|
|
| International
|
|
| Total
|
|
| United States
|
|
| International
|
|
| Total
|
|
| Product revenue
|
| $
| 5,573,643
|
|
| $
| 113,600
|
|
| $
| 5,687,243
|
|
| $
| 8,369,788
|
|
| $
| 212,640
|
|
| $
| 8,582,428
|
|
| Demonstrations & Consulting revenue
|
|
| 109,372
|
|
|
| -
|
|
|
| 109,372
|
|
|
| 146,224
|
|
|
| 95,543
|
|
|
| 241,767
|
|
| Equipment revenue
|
|
| 9,394
|
|
|
| 6,366
|
|
|
| 15,760
|
|
|
| 68,982
|
|
|
| -
|
|
|
| 68,982
|
|
|
|
| $
| 5,692,409
|
|
| $
| 119,966
|
|
| $
| 5,812,375
|
|
| $
| 8,584,994
|
|
| $
| 308,183
|
|
| $
| 8,893,177
|
|
|
| Schedule of earnings per share basic and diluted |
|
|
| September 30,
|
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| September 30,
|
|
|
|
| 2020
|
|
| 2019
|
|
|
|
|
|
|
|
|
|
| Stock Options
|
|
| 14,044,826
|
|
|
| 12,463,326
|
|
| Warrants
|
|
| 5,690,378
|
|
|
| 3,915,378
|
|
| Convertible debt
|
|
| 9,157,100
|
|
|
| 7,350,000
|
|
| Total common stock equivalents excluded from diluted net loss per share
|
|
| 28,892,304
|
|
|
| 23,728,704
|
|
|