Summary of Significant Account Policies (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
Accounting Policies [Abstract] |
|
Schedule of inventory |
|
|
December 31, 2021 |
|
|
December 31, 2020 |
|
Raw Material |
|
$ |
1,153,254 |
|
|
$ |
911,753 |
|
Work in Process |
|
|
65,192 |
|
|
|
172,207 |
|
Finished Goods |
|
|
60,153 |
|
|
|
68,145 |
|
Less Inventory Reserves |
|
|
(100,254 |
) |
|
|
- |
|
Total Inventory, Net |
|
$ |
1,178,345 |
|
|
$ |
1,152,105 |
|
|
Schedule of changes in fair value associated with level 3 liabilities |
|
|
Fair Value Measurements
Using Significant
Unobservable Inputs (Level 3) |
|
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
|
|
|
|
|
Balance, beginning of period |
|
$ |
- |
|
|
$ |
- |
|
Recognition of derivative liability |
|
|
- |
|
|
|
(32,906 |
) |
Change in fair value of derivative liability |
|
|
- |
|
|
|
(37,607 |
) |
Reclassification to additional paid in capital |
|
|
- |
|
|
|
70,513 |
|
Balance, end of period |
|
$ |
- |
|
|
$ |
- |
|
|
Schedule of disaggregation of revenue |
|
|
Years Ended December 31, |
|
|
|
2021 |
|
|
2020 |
|
Type of Revenue |
|
|
|
|
|
|
Product revenue |
|
$ |
405,570 |
|
|
$ |
1,151,557 |
|
Service and subscription revenue |
|
|
96,933 |
|
|
|
62,410 |
|
Development revenue |
|
|
2,401,474 |
|
|
|
943,357 |
|
Other revenue |
|
|
2,794 |
|
|
|
6,395 |
|
Total revenue |
|
$ |
2,906,771 |
|
|
$ |
2,163,719 |
|
|
|
Years Ended December 31, |
|
|
|
2021 |
|
|
2020 |
|
Timing of Revenue |
|
|
|
|
|
|
Revenue recognized point in time |
|
$ |
438,413 |
|
|
$ |
1,287,132 |
|
Revenue recognized over time |
|
|
2,468,358 |
|
|
|
876,587 |
|
Total revenue |
|
$ |
2,906,771 |
|
|
$ |
2,163,719 |
|
|
Schedule of deferred warranty activity |
|
|
Years Ended December 31, |
|
|
|
2021 |
|
|
2020 |
|
Balance, beginning of year |
|
$ |
165,035 |
|
|
$ |
378,850 |
|
Additions |
|
|
2,238,137 |
|
|
|
1,053,850 |
|
Transfer to revenue |
|
|
(1,890,775 |
) |
|
|
(1,267,665 |
) |
Balance, end of year |
|
$ |
512,397 |
|
|
$ |
165,035 |
|
|
Schedule of lease costs |
|
|
Years ended December 31, |
|
|
|
2021 |
|
|
2020 |
|
Components of total lease costs: |
|
|
|
|
|
|
Operating lease expense |
|
$ |
522,012 |
|
|
$ |
325,839 |
|
Short-term lease costs (1)
|
|
|
45,498 |
|
|
|
7,650 |
|
Sublease rental income |
|
|
- |
|
|
|
(111,349 |
) |
Total lease costs |
|
$ |
567,510 |
|
|
$ |
222,140 |
|
|
Schedule of ROU lease assets and lease liabilities |
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
Assets: |
|
|
|
|
|
|
Operating lease assets |
|
$ |
836,025 |
|
|
$ |
51,065 |
|
Total lease assets |
|
$ |
836,025 |
|
|
$ |
51,065 |
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
Operating lease liabilities, current |
|
$ |
550,525 |
|
|
$ |
56,168 |
|
Operating lease liabilities, net of current |
|
|
241,677 |
|
|
|
- |
|
Total lease liabilities |
|
$ |
792,202 |
|
|
$ |
56,168 |
|
|
Schedule of other Information |
|
|
Years ended
December 31, |
|
|
|
2021 |
|
|
2020 |
|
Operating cash flows for operating leases |
|
$ |
525,938 |
|
|
$ |
531,166 |
|
|
|
|
|
|
|
|
|
|
Weighted average remaining lease term (in years)- operating lease |
|
|
1.48 |
|
|
|
0.2 |
|
Weighted average discount rate – operating lease |
|
|
10.93 |
% |
|
|
14 |
% |
|
Schedule of measurement of lease liabilities |
Years ending December 31, |
|
|
|
2022 |
|
$ |
603,003 |
|
2023 |
|
|
246,242 |
|
2024 |
|
|
9,338 |
|
Total future minimum lease payments |
|
$ |
858,583 |
|
Lease imputed interest |
|
|
(66,381 |
) |
Total |
|
$ |
792,202 |
|
|
Schedule of net loss per share |
|
|
Years Ended
December 31, |
|
|
|
2021 |
|
|
2020 |
|
Warrants to purchase common stock |
|
|
3,258,961 |
|
|
|
1,832,910 |
|
Options to purchase common stock |
|
|
687,448 |
|
|
|
568,006 |
|
Restricted stock units |
|
|
518,750 |
|
|
|
501,160 |
|
Total potentially dilutive securities |
|
|
4,465,159 |
|
|
|
2,902,076 |
|
|
Schedule of concentration of customers |
|
|
Years Ended
December 31, |
|
Customer |
|
2021 |
|
|
2020 |
|
A |
|
|
41 |
% |
|
|
47 |
% |
B |
|
|
55 |
% |
|
|
46 |
% |
|