Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis
At June 30, 2020 At December 31, 2019
Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Derivative liabilities - - $ 1,571,077 - - $ 890,410
Schedule of roll forward of the level 3 valuation financial instruments
For the Six Months Ended
June 30,
2020 2019
Balance at beginning of period $ 890,410 $ -
Initial valuation of derivative liabilities included in debt discount 85,502 -
Initial valuation of derivative liabilities included in derivative expense 160,416 -
Gain on extinguishment of debt related to repayment/conversion of debt (148,863 ) -
Change in fair value included in derivative expense 583,612 -
Balance at end of period $ 1,571,077 $ -
Schedule of warranty liability
For the Six Months Ended
June 30,
2020 2019
Balance at beginning of period $ 26,933 $ 24,190
Increase in estimated warranty liability - 4,650
Warranty expenses incurred (100 ) (1,737 )
Balance at end of period $ 26,833 $ 27,103
Schedule of diluted common shares outstanding
June 30,
2020		 June 30,
2019
Convertible notes 149,603,175 6,044,444
Stock options 8,445,698 11,445,698
Warrants 2,338,750 1,000,000
Series A preferred stock 25,481,481 -
Series B preferred stock 15,428,571 -
Non-vested, forfeitable common shares 23,851,926 5,875,299