Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2021 |
|---|
| Summary of Significant Accounting Policies |
|
| Schedule of fair value assets and liabilities measured on recurring basis |
|
|
| |
|
| Fair Value Measurement as of
|
|
|
|
| |
|
| March 31, 2021
|
|
|
|
| Total
|
|
| Level 1
|
|
| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
|
| $
| 1,982,159
|
|
| $
| 1,982,159
|
|
| $
| -
|
|
| $
| -
|
|
| Total Assets
|
| $
| 1,982,159
|
|
| $
| 1,982,159
|
|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory notes
|
| $
| 13,250,562
|
|
| $
| -
|
|
| $
| 13,250,562
|
|
| $
| -
|
|
| Profit share liability – related party
|
|
| 2,426,362
|
|
|
| -
|
|
|
| -
|
|
|
| 2,426,362
|
|
| Total Liabilities
|
| $
| 15,676,924
|
|
| $
| -
|
|
| $
| 13,250,562
|
|
| $
| 2,426,362
|
|
|
|
|
|
|
| Fair Value Measurement as of December 31, 2020
|
|
|
|
| Total
|
|
| Level 1
|
|
| Level 2
|
|
| Level 3
|
|
| Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash
|
| $
| 591,019
|
|
| $
| -
|
|
| $
| -
|
|
| $
| -
|
|
| Total Assets
|
| $
| 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
|
|
|
| Schedule of sales by operating segment |
|
|
| Three months ended March 31, 2021
|
|
| Three months ended March 31, 2020
|
|
|
|
| United States
|
|
| International
|
|
| Total
|
|
| United States
|
|
| International
|
|
| Total
|
|
| Product revenue
|
| $
| 2,031,101
|
|
| $
| -
|
|
| $
| 2,031,101
|
|
| $
| 984,160
|
|
| $
| 85,200
|
|
| $
| 1,069,360
|
|
| License revenue
|
|
| 945,547
|
|
|
| -
|
|
|
| 945,547
|
|
|
| -
|
|
|
| -
|
|
|
| -
|
|
| Demonstrations & Consulting revenue
|
|
| 34,310
|
|
|
| -
|
|
|
| 34,310
|
|
|
| 42,767
|
|
|
| -
|
|
|
| 42,767
|
|
| Equipment revenue
|
|
| 15,680
|
|
|
| -
|
|
|
| 15,680
|
|
|
| 4,549
|
|
|
| -
|
|
|
| 4,549
|
|
|
|
| $
| 3,026,638
|
|
| $
| -
|
|
| $
| 3,026,638
|
|
| $
| 1,031,476
|
|
| $
| 85,200
|
|
| $
| 1,116,676
|
|
|
| Schedule of earnings per share basic and diluted |
|
|
| March 31,
|
|
| March 31,
|
|
|
|
| 2021
|
|
| 2020
|
|
|
|
|
|
|
|
|
|
| Stock Options
|
|
| 16,093,326
|
|
|
| 12,553,326
|
|
| Warrants
|
|
| 4,285,000
|
|
|
| 5,690,378
|
|
| Convertible debt
|
|
| 5,355,500
|
|
|
| 9,157,100
|
|
| Total common stock equivalents excluded from diluted net loss per share
|
|
| 25,733,826
|
|
|
| 27,400,804
|
|
|