Schedule of fair value assets and liabilities measured on recurring basis |
The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
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| Fair Value Measurement as of
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| | | | | June 30, 2020
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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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|
|
|
|
|
|
|
|
|
|
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Cash
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| 595,338
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|
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| 595,338
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|
|
| -
|
|
|
| -
|
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Total Assets
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| $
| 595,338
|
|
| $
| 595,338
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|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
|
|
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|
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|
|
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Liabilities
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Promissory notes
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| 13,654,735
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| -
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| 13,654,735
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|
|
| -
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Profit share liability – related party
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| 2,076,455
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|
|
| -
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|
|
| -
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|
|
| 2,076,455
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Total Liabilities
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| $
| 15,731,190
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|
| $
| -
|
|
| $
| 13,654,735
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|
| $
| 2,076,455
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|
|
| |
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| Fair Value Measurement as of December 31, 2019
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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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|
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|
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|
|
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|
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Cash
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| 1,499,287
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|
|
| 1,499,287
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|
|
| -
|
|
|
| -
|
|
Total Assets
|
| $
| 1,499,287
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|
| $
| 1,499,287
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|
| $
| -
|
|
| $
| -
|
|
|
|
|
|
|
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|
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Liabilities
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|
|
|
|
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Promissory notes
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| 12,200,411
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|
|
| -
|
|
|
| 12,200,411
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|
|
| -
|
|
Profit share liability
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| 2,328,845
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|
|
| -
|
|
|
| -
|
|
|
| 2,328,845
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Total Liabilities
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| $
| 14,529,256
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|
| $
| -
|
|
| $
| 12,200,411
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|
| $
| 2,328,845
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Schedule of earnings per share basic and diluted |
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| June 30,
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| June 30,
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| 2020
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| 2019
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|
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Stock Options
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| 12,447,326
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|
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| 12,563,326
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Warrants
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| 5,690,378
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| 4,102,098
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Convertible debt
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| 9,414,200
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| 6,300,000
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Total common stock equivalents excluded from diluted net loss per share
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| 27,551,904
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| 22,965,424
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Schedule of sales by operating segment |
The following table presents sales by operating segment disaggregated based on the type of product and geographic region for the three months ended June 30, 2020, and 2019.
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| Three months ended June 30, 2020
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| Three months ended June 30, 2019
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| United States
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| International
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| Total
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| United States
|
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| International
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| Total
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Product revenue
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| $
| 1,809,115
|
|
| $
| 28,400
|
|
| $
| 1,837,515
|
|
| $
| 2,149,468
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|
| $
| 170,040
|
|
| $
| 2,319,508
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Demonstrations & Consulting revenue
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| 39,335
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|
|
| -
|
|
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| 39,335
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|
|
| 81,832
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|
|
| 95,543
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|
|
| 177,375
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Equipment revenue
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|
| 2,895
|
|
|
| 3,757
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|
|
| 6,652
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|
|
| 12,866
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|
|
| -
|
|
|
| 12,866
|
|
|
| $
| 1,851,345
|
|
| $
| 32,157
|
|
| $
| 1,883,502
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|
| $
| 2,244,166
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|
| $
| 265,583
|
|
| $
| 2,509,749
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|
The following table presents sales by operating segment disaggregated based on the type of product and geographic region for the six months ended June 30, 2020, and 2019.
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| Six months ended June 30, 2020
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| Six months ended June 30, 2019
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| United States
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| International
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| Total
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| United States
|
|
| International
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| Total
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Product revenue
|
| $
| 2,793,485
|
|
| $
| 113,600
|
|
| $
| 2,907,085
|
|
| $
| 4,864,749
|
|
| $
| 212,640
|
|
| $
| 5,077,389
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|
Demonstrations & Consulting revenue
|
|
| 81,892
|
|
|
| -
|
|
|
| 81,892
|
|
|
| 105,832
|
|
|
| 95,543
|
|
|
| 201,375
|
|
Equipment revenue
|
|
| 7,444
|
|
|
| 3,757
|
|
|
| 11,201
|
|
|
| 18,306
|
|
|
| -
|
|
|
| 18,306
|
|
|
| $
| 2,882,821
|
|
| $
| 117,357
|
|
| $
| 3,000,178
|
|
| $
| 4,988,887
|
|
| $
| 308,183
|
|
| $
| 5,297,070
|
|
|