Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
Summary of Significant Accounting Policies |
|
Schedule of fair value assets and liabilities measured on recurring basis |
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Fair Value Measurement as of |
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|
|
|
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December 31, 2021 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Assets: |
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|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
1,388,307 |
|
|
|
1,388,307 |
|
|
|
- |
|
|
|
- |
|
Total Assets |
|
$ |
1,388,307 |
|
|
$ |
1,388,307 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory notes |
|
|
12,145,617 |
|
|
|
- |
|
|
|
12,145,617 |
|
|
|
- |
|
Profit share liability – related party |
|
|
2,836,743 |
|
|
|
- |
|
|
|
- |
|
|
|
2,836,743 |
|
Total Liabilities |
|
$ |
4,982,360 |
|
|
$ |
- |
|
|
$ |
12,145,617 |
|
|
$ |
2,836,743 |
|
|
|
|
|
|
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 |
|
|
Schedule of sales by operating segment |
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|
Year ended
December 31, 2021
|
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|
Year ended
December 31, 2020
|
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|
United
States
|
|
|
International |
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Total |
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|
United
States
|
|
|
International |
|
|
Total |
|
Product revenue |
|
$ |
11,003,810 |
|
|
$ |
- |
|
|
$ |
11,003,810 |
|
|
$ |
7,306,382 |
|
|
$ |
113,600 |
|
|
$ |
7,419,982 |
|
License revenue |
|
|
1,706,954 |
|
|
|
- |
|
|
|
1,706,954 |
|
|
|
545,547 |
|
|
|
- |
|
|
|
545,547 |
|
Demonstrations & Consulting revenue |
|
|
167,180 |
|
|
|
- |
|
|
|
167,180 |
|
|
|
148,553 |
|
|
|
- |
|
|
|
148,553 |
|
Equipment revenue |
|
|
134,105 |
|
|
|
- |
|
|
|
134,105 |
|
|
|
38,000 |
|
|
|
6,366 |
|
|
|
44,366 |
|
|
|
$ |
13,012,049 |
|
|
$ |
- |
|
|
$ |
13,012,049 |
|
|
$ |
8,038,482 |
|
|
$ |
119,966 |
|
|
$ |
8,158,448 |
|
|
Schedule of earnings per share basic and diluted |
|
|
December 31, |
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
|
|
|
|
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Stock Options |
|
|
18,318,326 |
|
|
|
16,093,326 |
|
Warrants |
|
|
4,285,000 |
|
|
|
5,595,378 |
|
Convertible debt |
|
|
- |
|
|
|
9,414,200 |
|
Total common stock equivalents excluded from diluted net loss per share |
|
|
22,603,326 |
|
|
|
31,102,904 |
|
|