Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of inventory |
| |
|
March 31,
2022 |
|
|
December 31,
2021 |
|
| Raw Material |
|
$ |
1,268,498 |
|
|
$ |
1,153,254 |
|
| Work in Process |
|
|
25,590 |
|
|
|
65,192 |
|
| Finished Goods |
|
|
111,769 |
|
|
|
60,153 |
|
| Less Inventory Reserves |
|
|
(100,254 |
) |
|
|
(100,254 |
) |
| Total Inventory, Net |
|
$ |
1,305,603 |
|
|
$ |
1,178,345 |
|
|
| Schedule of disaggregation of revenue |
| |
|
Three Months Ended
March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Type of Revenue |
|
|
|
|
|
|
| Product revenue |
|
$ |
149,270 |
|
|
$ |
17,600 |
|
| Service revenue |
|
|
60,117 |
|
|
|
8,210 |
|
| Development revenue |
|
|
200,811 |
|
|
|
1,138,140 |
|
| Other revenue |
|
|
- |
|
|
|
814 |
|
| Total revenue |
|
$ |
410,198 |
|
|
$ |
1,164,764 |
|
| |
|
Three Months Ended
March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Timing of Revenue |
|
|
|
|
|
|
| Revenue recognized point in time |
|
$ |
149,270 |
|
|
$ |
18,414 |
|
| Revenue recognized over time |
|
|
260,928 |
|
|
|
1,146,350 |
|
| Total revenue |
|
$ |
410,198 |
|
|
$ |
1,164,764 |
|
|
| Schedule of deferred warranty activity |
| |
|
Three Months Ended
March 31,
2022 |
|
|
Year Ended December 31, 2021 |
|
| Balance at beginning of period |
|
$ |
512,397 |
|
|
$ |
165,035 |
|
| Additions, net |
|
|
90,000 |
|
|
|
2,238,137 |
|
| Transfer to revenue |
|
|
(260,928 |
) |
|
|
(1,890,775 |
) |
| Balance at end of period |
|
$ |
341,469 |
|
|
$ |
512,397 |
|
|
| Schedule of ROU lease assets and lease liabilities |
| |
|
March 31,
2022 |
|
|
December 31,
2021 |
|
| Assets: |
|
|
|
|
|
|
| Operating lease assets |
|
$ |
3,635,416 |
|
|
$ |
836,025 |
|
| Total lease assets |
|
$ |
3,635,416 |
|
|
$ |
836,025 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Operating lease liabilities, current |
|
$ |
861,978 |
|
|
$ |
550,525 |
|
| Operating lease liabilities, net of current |
|
|
2,732,980 |
|
|
|
241,677 |
|
| Total lease liabilities |
|
$ |
3,594,958 |
|
|
$ |
792,202 |
|
|
| Schedule of other Information |
| |
|
Three Months Ended
March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Operating cash flows for operating leases |
|
$ |
160,500 |
|
|
$ |
85,730 |
|
| Weighted average remaining lease term (in years) – operating lease |
|
|
6.03 |
|
|
|
- |
|
| Weighted average discount rate – operating lease |
|
|
6.4 |
% |
|
|
14 |
% |
|
| Schedule of net loss per share |
| |
|
Three months ended
March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Warrants to purchase common stock |
|
|
3,258,961 |
|
|
|
593,006 |
|
| Options to purchase common stock |
|
|
1,514,941 |
|
|
|
1,701,639 |
|
| Restricted stock purchase offers |
|
|
1,391,150 |
|
|
|
640,805 |
|
| Total potentially dilutive securities |
|
|
6,165,052 |
|
|
|
2,935,450 |
|
|
| Schedule of concentration of customers |
| |
|
Three Months Ended |
|
| |
|
March 31, |
|
| Customer |
|
2022 |
|
|
2021 |
|
| A |
|
|
84 |
% |
|
|
81 |
% |
| B |
|
|
below 10 |
% |
|
|
18 |
% |
|