Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Summary of Significant Accounting Policies |
|
| Schedule of fair value assets and liabilities measured on recurring basis |
|
|
|
|
|
| Fair Value Measurement as of December 31, 2020
|
|
|
|
| Total
|
|
| Level 1
|
|
| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
|
| $
| 591,019
|
|
| $
| 591,019
|
|
| $
| -
|
|
| $
| -
|
|
| Total Assets
|
| $
| 591,019
|
|
| $
| 591,019
|
|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory notes
|
| $
| 14,585,097
|
|
| $
| -
|
|
| $
| 14,585,097
|
|
| $
| -
|
|
| Profit share liability
|
|
| 2,305,308
|
|
|
| -
|
|
|
| -
|
|
|
| 2,305,308
|
|
| Total Liabilities
|
| $
| 16,890,405
|
|
| $
| -
|
|
| $
| 14,585,097
|
|
| $
| 2,305,308
|
|
|
|
|
|
|
| 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 |
|
|
| Year ended December 31, 2020
|
|
| Year ended December 31, 2019
|
|
|
|
| United States
|
|
| International
|
|
| Total
|
|
| United States
|
|
| International
|
|
| Total
|
|
| Product revenue
|
| $
| 7,306,382
|
|
| $
| 113,600
|
|
| $
| 7,419,982
|
|
| $
| 10,746,715
|
|
| $
| 297,840
|
|
| $
| 11,044,555
|
|
| License revenue
|
|
| 545,547
|
|
|
| -
|
|
|
| 545,547
|
|
|
| -
|
|
|
| -
|
|
|
| -
|
|
| Demonstrations & Consulting revenue
|
|
| 148,553
|
|
|
| -
|
|
|
| 148,553
|
|
|
| 183,448
|
|
|
| 95,543
|
|
|
| 278,991
|
|
| Equipment revenue
|
|
| 38,000
|
|
|
| 6,366
|
|
|
| 44,366
|
|
|
| 93,481
|
|
|
| -
|
|
|
| 93,481
|
|
|
|
| $
| 8,038,482
|
|
| $
| 119,966
|
|
| $
| 8,158,448
|
|
| $
| 11,023,644
|
|
| $
| 393,383
|
|
| $
| 11,417,027
|
|
|
| Schedule of earnings per share basic and diluted |
|
|
| December 31,
|
|
| December 31,
|
|
|
|
| 2020
|
|
| 2019
|
|
|
|
|
|
|
|
|
|
| Stock Options
|
|
| 16,093,326
|
|
|
| 12,553,326
|
|
| Warrants
|
|
| 5,595,378
|
|
|
| 5,690,378
|
|
| Convertible debt
|
|
| 9,414,200
|
|
|
| 9,351,400
|
|
| Total common stock equivalents excluded from diluted net loss per share
|
|
| 31,102,904
|
|
|
| 27,595,104
|
|
|