Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Summary of Significant Accounting Policies [Abstract] |
|
| Schedule of inventory |
| |
|
September 30,
2022 |
|
|
December 31,
2021 |
|
| Raw Material |
|
$ |
1,325,659 |
|
|
$ |
1,153,254 |
|
| Work in Process |
|
|
95,010 |
|
|
|
65,192 |
|
| Finished Goods |
|
|
111,401 |
|
|
|
60,153 |
|
| Less Inventory Reserves |
|
|
(100,254 |
) |
|
|
(100,254 |
) |
| Total Inventory, Net |
|
$ |
1,431,816 |
|
|
$ |
1,178,345 |
|
|
| Schedule of disaggregated revenues |
| |
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Type of Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Product revenue |
|
$ |
101,502 |
|
|
$ |
45,358 |
|
|
$ |
673,184 |
|
|
$ |
134,358 |
|
| Service and subscription revenue |
|
|
173,375 |
|
|
|
20,693 |
|
|
|
318,247 |
|
|
|
43,010 |
|
| Development revenue |
|
|
356,612 |
|
|
|
215,987 |
|
|
|
655,474 |
|
|
|
2,155,363 |
|
| Other revenue |
|
|
- |
|
|
|
1,291 |
|
|
|
- |
|
|
|
2,794 |
|
| Total revenue |
|
$ |
632,489 |
|
|
$ |
283,329 |
|
|
$ |
1,646,905 |
|
|
$ |
2,335,525 |
|
| |
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Timing of Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue recognized point in time |
|
$ |
251,502 |
|
|
$ |
44,649 |
|
|
$ |
823,184 |
|
|
$ |
157,202 |
|
| Revenue recognized over time |
|
|
380,987 |
|
|
|
238,680 |
|
|
|
823,721 |
|
|
|
2,178,323 |
|
| Total revenue |
|
$ |
632,489 |
|
|
$ |
283,329 |
|
|
$ |
1,646,905 |
|
|
$ |
2,335,525 |
|
|
| Schedule of contract liabilities |
| |
|
Nine Months
Ended
September 30,
2022 |
|
|
Year Ended
December 31,
2021 |
|
| Balance at beginning of period |
|
$ |
512,397 |
|
|
$ |
165,035 |
|
| Additions, net |
|
|
530,268 |
|
|
|
2,238,137 |
|
| Transfer to revenue |
|
|
(698,721 |
) |
|
|
(1,890,775 |
) |
| Balance at end of period |
|
$ |
343,944 |
|
|
$ |
512,397 |
|
|
| Schedule of ROU lease assets and lease liabilities |
| |
|
September 30,
2022 |
|
|
December 31,
2021 |
|
| Assets: |
|
|
|
|
|
|
| Operating lease assets |
|
$ |
3,182,266 |
|
|
$ |
836,025 |
|
| Total lease assets |
|
$ |
3,182,266 |
|
|
$ |
836,025 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Operating lease liabilities, current |
|
$ |
698,217 |
|
|
$ |
550,525 |
|
| Operating lease liabilities, net of current |
|
|
2,571,353 |
|
|
|
241,677 |
|
| Total lease liabilities |
|
$ |
3,269,570 |
|
|
$ |
792,202 |
|
|
| Schedule of future lease payments |
| Year Ending December 31, |
|
Future
lease
payments |
|
| 2022 (3 months) |
|
|
280,324 |
|
| 2023 |
|
|
730,592 |
|
| 2024 |
|
|
508,208 |
|
| 2025 |
|
|
513,900 |
|
| 2026 |
|
|
529,320 |
|
| Thereafter |
|
|
1,297,740 |
|
| Total |
|
$ |
3,860,084 |
|
|
| Schedule of other Information |
| |
|
Nine Months Ended
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Operating cash flows for operating leases |
|
$ |
598,304 |
|
|
$ |
220,730 |
|
| Weighted average remaining lease term (in years) – operating lease |
|
|
5.87 |
|
|
|
2.00 |
|
| Weighted average discount rate – operating lease |
|
|
6.00 |
% |
|
|
12.06 |
% |
|
| Schedule of diluted net loss per share |
| |
|
2022 |
|
| Warrants to purchase common stock |
|
|
1,993,741 |
|
| Options to purchase common stock |
|
|
2,462,786 |
|
| Restricted stock purchase offers |
|
|
1,960,622 |
|
| Total potentially dilutive securities |
|
|
6,417,149 |
|
|
| Schedule of concentration customers |
| |
|
Three months ended |
|
|
Nine months ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| Customer |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| A |
|
|
92 |
% |
|
|
67 |
% |
|
|
88 |
% |
|
|
34 |
% |
| B |
|
|
0 |
% |
|
|
25 |
% |
|
|
0 |
% |
|
|
66 |
% |
|