Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Summary of Significant Accounting Policies |
|
| Schedule of fair value assets and liabilities measured on recurring basis |
|
|
|
|
|
Fair Value Measurement as of |
|
|
|
|
|
|
March 31, 2022 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
376,695 |
|
|
|
376,695 |
|
|
|
- |
|
|
|
- |
|
Total Assets |
|
$ |
376,695 |
|
|
$ |
376,695 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory notes |
|
|
12,630,413 |
|
|
|
- |
|
|
|
12,630,413 |
|
|
|
- |
|
Profit share liability – related party |
|
|
2,985,704 |
|
|
|
- |
|
|
|
- |
|
|
|
2,985,704 |
|
Total Liabilities |
|
$ |
15,616,117 |
|
|
$ |
- |
|
|
$ |
12,630,413 |
|
|
$ |
2,985,704 |
|
|
|
|
|
|
Fair Value Measurement as of |
|
|
|
|
|
|
December 31, 2021 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
1,388,307 |
|
|
|
1,388,307 |
|
|
|
- |
|
|
|
- |
|
Total Assets |
|
$ |
1,388,307 |
|
|
$ |
1,388,307 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory notes |
|
|
12,145,617 |
|
|
|
- |
|
|
|
12,145,617 |
|
|
|
- |
|
Profit share liability – related party |
|
|
2,836,743 |
|
|
|
- |
|
|
|
- |
|
|
|
2,836,743 |
|
Total Liabilities |
|
$ |
14,982,360 |
|
|
$ |
- |
|
|
$ |
12,145,617 |
|
|
$ |
2,836,743 |
|
|
| Schedule of sales by operating segment |
|
|
Three months ended March 31, 2022 |
|
|
Three months ended March 31, 2021 |
|
|
|
United States |
|
|
Total |
|
|
United States |
|
|
Total |
|
Product revenue |
|
$ |
3,198,303 |
|
|
$ |
3,198,303 |
|
|
$ |
2,031,101 |
|
|
$ |
2,031,101 |
|
License revenue |
|
|
70,282 |
|
|
|
70,282 |
|
|
|
945,547 |
|
|
|
945,547 |
|
Demonstrations & Consulting revenue |
|
|
27,000 |
|
|
|
27,000 |
|
|
|
34,310 |
|
|
|
34,310 |
|
Equipment revenue |
|
|
46,000 |
|
|
|
46,000 |
|
|
|
15,680 |
|
|
|
15,680 |
|
|
|
$ |
3,341,585 |
|
|
$ |
3,341,585 |
|
|
$ |
3,026,638 |
|
|
$ |
3,026,638 |
|
|
| Schedule of earnings per share basic and diluted |
|
|
March 31, |
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Stock Options |
|
|
18,158,576 |
|
|
|
16,093,326 |
|
Warrants |
|
|
4,285,000 |
|
|
|
4,285,000 |
|
Convertible debt |
|
|
- |
|
|
|
5,355,500 |
|
Total common stock equivalents excluded from diluted net loss per share |
|
|
22,443,576 |
|
|
|
25,733,826 |
|
|