Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Summary of Significant Accounting Policies (Tables)  
Schedule of lease cost and expenses

 

 

Three

Months

Ended

September 30,

2019

 

Nine

Months

Ended

September 30,

2019

 

Operatig lease cost

 

$

109,710

 

$

329,130

 

Short-term lease cost (1)

 

6,465

 

19,365

 

Total lease cost

 

$

116,175

 

$

348,495

 

Schedule of fair value assets and liabilities measured on recurring basis

 

 

Fair Value Measurement as of

September 30, 2019

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

Cash

 

998,896

 

998,896

 

Total Assets

 

$

998,896

 

$

998,896

 

$

-

 

$

-

 

Liabilities

 

Promissory notes

 

13,286,469

 

-

 

13,286,469

 

Total Libilities

 

$

13,286,469

 

$

-

 

$

13,286,469

 

$

-

 

 

Fair Value Measurement as of

December 31, 2018

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

Cash

 

584,877

 

584,877

 

Total Assets

 

$

584,877

 

$

584,877

 

$

-

 

$

-

 

Liabilities

 

Promissory notes

 

13,814,208

 

-

 

13,814,208

 

Total Libilities

 

$

13,814,208

 

$

-

 

$

13,814,208

 

$

-

 

Schedule of earnings per share basic and diluted

 

 

September 30

 

September 30

 

2019

 

2018

 

Stock Options

 

12,463,326

 

9,012,289

 

Warrants

 

3,915,378

 

5,823,322

 

Convertible debt

 

7,350,000

 

3,500,000

 

Total common stock equivalents excluded from diluted net loss per share

 

23,728,704

 

18,335,611