Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of inventory |
| |
|
June
30,
2022 |
|
|
December 31,
2021 |
|
| Raw
Material |
|
$ |
1,181,941 |
|
|
$ |
1,153,254 |
|
| Work
in Process |
|
|
123,449 |
|
|
|
65,192 |
|
| Finished
Goods |
|
|
64,612 |
|
|
|
60,153 |
|
| Less
Inventory Reserves |
|
|
(100,254 |
) |
|
|
(100,254 |
) |
| Total
Inventory, Net |
|
$ |
1,269,748 |
|
|
$ |
1,178,345 |
|
|
| Schedule of disaggregation of revenue |
| |
|
Three
months ended
June 30, |
|
|
Six
months ended
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Type
of Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Product
revenue |
|
$ |
422,413 |
|
|
$ |
71,400 |
|
|
$ |
571,683 |
|
|
$ |
89,000 |
|
| Service
and subscription revenue |
|
|
83,755 |
|
|
|
14,107 |
|
|
|
143,872 |
|
|
|
22,317 |
|
| Development
revenue |
|
|
98,051 |
|
|
|
801,237 |
|
|
|
298,862 |
|
|
|
1,939,377 |
|
| Other
revenue |
|
|
- |
|
|
|
688 |
|
|
|
- |
|
|
|
1,502 |
|
| Total
revenue |
|
$ |
604,219 |
|
|
$ |
887,432 |
|
|
$ |
1,014,417 |
|
|
$ |
2,052,196 |
|
| |
|
Three
months ended
June 30, |
|
|
Six
months ended
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Timing
of Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue
recognized point in time |
|
$ |
422,413 |
|
|
$ |
72,088 |
|
|
$ |
571,683 |
|
|
$ |
90,502 |
|
| Revenue
recognized over time |
|
|
181,806 |
|
|
|
815,344 |
|
|
|
442,734 |
|
|
|
1,961,694 |
|
| Total
revenue |
|
$ |
604,219 |
|
|
$ |
887,432 |
|
|
$ |
1,014,417 |
|
|
$ |
2,052,196 |
|
|
| Schedule of deferred warranty activity |
| |
|
Six
Months Ended
June 30,
2022 |
|
|
Year
Ended December 31, 2021 |
|
| Balance
at beginning of period |
|
$ |
512,397 |
|
|
$ |
165,035 |
|
| Additions,
net |
|
|
130,000 |
|
|
|
2,238,137 |
|
| Transfer
to revenue |
|
|
(442,734 |
) |
|
|
(1,890,775 |
) |
| Balance
at end of period |
|
$ |
199,663 |
|
|
$ |
512,397 |
|
|
| Schedule of ROU lease assets and lease liabilities |
| |
|
June
30,
2022 |
|
|
December 31,
2021 |
|
| Assets: |
|
|
|
|
|
|
| Operating
lease assets |
|
$ |
3,443,315 |
|
|
$ |
836,025 |
|
| Total
lease assets |
|
$ |
3,443,315 |
|
|
$ |
836,025 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Operating
lease liabilities, current |
|
$ |
811,607 |
|
|
$ |
550,525 |
|
| Operating
lease liabilities, net of current |
|
|
2,684,997 |
|
|
|
241,677 |
|
| Total
lease liabilities |
|
$ |
3,496,604 |
|
|
$ |
792,202 |
|
|
| Schedule of other Information |
| |
|
Six
Months Ended
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Operating
cash flows for operating leases |
|
$ |
362,980 |
|
|
$ |
220,730 |
|
| Weighted
average remaining lease term (in years) – operating lease |
|
|
5.78 |
|
|
|
1.75 |
|
| Weighted
average discount rate – operating lease |
|
|
6.4 |
% |
|
|
14 |
% |
|
| Schedule of net loss per share |
| |
|
Six
months ended
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Warrants
to purchase common stock |
|
|
3,258,961 |
|
|
|
1,694,972 |
|
| Options
to purchase common stock |
|
|
1,819,241 |
|
|
|
643,006 |
|
| Restricted
stock purchase offers |
|
|
1,397,000 |
|
|
|
643,660 |
|
| Total
potentially dilutive securities |
|
|
6,475,202 |
|
|
|
2,981,638 |
|
|
| Schedule of concentration of customers |
| |
|
Three
months ended |
|
|
Six
months ended |
|
| |
|
June
30, |
|
|
June
30, |
|
| Customer |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| A |
|
|
86 |
% |
|
|
57 |
% |
|
|
85 |
% |
|
|
71 |
% |
| B |
|
|
0 |
% |
|
|
43 |
% |
|
|
0 |
% |
|
|
29 |
% |
|