SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
Accounting Policies [Abstract] |
|
Schedule of inventory |
|
|
Years Ended December 31, |
|
|
|
2019 |
|
|
2018 |
|
Raw material |
|
$ |
372,101 |
|
|
$ |
307,947 |
|
Finished goods |
|
|
55,415 |
|
|
|
39,998 |
|
Total inventory |
|
$ |
427,516 |
|
|
$ |
347,945 |
|
|
Schedule of changes in fair value associated with level 3 liabilities |
|
|
Fair Value Measurements Using Significant Unobservable Inputs
(Level 3)
|
|
|
|
December 31, |
|
|
|
2019 |
|
|
2018 |
|
Balance, beginning of period |
|
$ |
- |
|
|
$ |
(166,093 |
) |
Issuances of derivative liability |
|
|
- |
|
|
|
- |
|
Reclassification to additional paid in capital |
|
|
- |
|
|
|
1,141,995 |
|
Change in fair value of derivative liability |
|
|
- |
|
|
|
(975,902 |
) |
Balance, end of period |
|
$ |
- |
|
|
$ |
- |
|
|
Schedule of disaggregation of revenue |
|
|
Years Ended December 31, |
|
|
|
2019 |
|
|
2018 |
|
Type of Revenue |
|
|
|
|
|
|
Product revenue |
|
$ |
212,905 |
|
|
$ |
125,664 |
|
Service revenue |
|
|
107,478 |
|
|
|
64,365 |
|
Total revenue |
|
$ |
320,383 |
|
|
$ |
190,029 |
|
|
|
Years Ended December 31, |
|
|
|
2019 |
|
|
2018 |
|
Timing of Revenue |
|
|
|
|
|
|
Revenue recognized point in time |
|
$ |
281,333 |
|
|
$ |
147,863 |
|
Revenue recognized over time |
|
|
39,050 |
|
|
|
42,166 |
|
Total revenue |
|
$ |
320,383 |
|
|
$ |
190,029 |
|
|
Schedule of deferred warranty activity |
|
|
Years Ended December 31, |
|
|
|
2019 |
|
|
2018 |
|
Balance, beginning of year |
|
$ |
20,631 |
|
|
$ |
30,690 |
|
Additions |
|
|
20,826 |
|
|
|
32,106 |
|
Transfer to revenue |
|
|
(39,050 |
) |
|
|
(42,166 |
) |
Balance, end of year |
|
$ |
2,467 |
|
|
$ |
20,631 |
|
|
Schedule of lease costs |
|
|
Year ended December 31, 2019 |
|
Components of total lease costs: |
|
|
|
|
Operating lease expense |
|
$ |
593,707 |
|
Short-term lease costs (1) |
|
|
46,575 |
|
Total lease costs |
|
$ |
640,282 |
|
|
(1) |
Represents
short-term leases which are immaterial. |
|
Schedule of ROU lease assets and lease liabilities |
|
|
As of December 31, 2019 |
|
Assets: |
|
|
|
Operating lease assets |
|
$ |
331,419 |
|
Total lease assets |
|
$ |
331,419 |
|
|
|
|
|
|
Liabilities: |
|
|
|
|
Operating lease liabilities, current |
|
$ |
489,406 |
|
Operating lease liabilities, net of current |
|
|
52,449 |
|
Total lease liabilities |
|
$ |
541,855 |
|
|
Schedule of lease terms and discount rate |
Weighted average remaining lease term (in years) – operating lease |
|
|
1.1 |
|
Weighted average discount rate – operating lease |
|
|
14 |
% |
|
Schedule of cash paid for amounts included in the measurement of lease liabilities |
|
|
Year ended December 31, 2019 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
Operating cash flows for operating leases |
|
$ |
570,568 |
|
|
Schedule of future minimum lease payments |
Years ending December 31, |
|
|
|
|
2020 |
|
|
$ |
531,166 |
|
2021 |
|
|
|
57,153 |
|
Thereafter |
|
|
|
- |
|
Total future minimum lease payments |
|
|
|
588,319 |
|
Lease imputed interest |
|
|
|
(46,464 |
) |
Total |
|
|
$ |
541,855 |
|
|
Schedule of net loss per share |
|
|
Years Ended December 31, |
|
|
|
2019 |
|
|
2018 |
|
Warrants to purchase common stock |
|
|
4,771,417 |
|
|
|
- |
|
Options to purchase common stock |
|
|
675,000 |
|
|
|
- |
|
Restricted stock purchase offers |
|
|
383,478 |
|
|
|
- |
|
Convertible debt |
|
|
- |
|
|
|
140,678 |
|
Total potentially dilutive securities |
|
|
5,829,895 |
|
|
|
140,678 |
|
|
Schedule of concentration of customers |
|
|
Years Ended December 31, |
|
Customer |
|
2019 |
|
|
2018 |
|
A |
|
|
45 |
% |
|
|
17 |
% |
B |
|
|
18 |
% |
|
|
76 |
% |
C |
|
|
36 |
% |
|
|
0 |
% |
|