Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis

At
September 30,
2020		 At
December 31,
2019
Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Derivative liabilities - - $ - - - $ 890,410
Schedule of roll forward of the level 3 valuation financial instruments

For the Nine Months Ended
September 30,
2020 2019
Balance at beginning of period $ 890,410 $ -
Initial valuation of derivative liabilities included in debt discount 85,502 222,720
Initial valuation of derivative liabilities included in derivative expense 160,416 371,103
Gain on extinguishment of debt related to repayment/conversion of debt (1,066,535 ) -
Change in fair value included in derivative expense (69,793 ) 9,902
Balance at end of period $ - $ 603,725
Schedule of warranty liability

For the Nine Months Ended
September 30,
2020 2019
Balance at beginning of period $ 26,933 $ 24,190
Increase in estimated warranty liability - 4,650
Warranty expenses incurred (100 ) (1,837 )
Balance at end of period $ 26,833 $ 27,003
Schedule of diluted common shares outstanding

September 30,
2020 2019
Convertible notes - 16,666,667
Stock options 8,445,698 11,445,698
Warrants 2,050,000 1,750,000
Series B preferred stock 17,142,857 -
Series C preferred stock 100,000,000 -
Non-vested, forfeitable common shares 23,851,926 16,375,299