Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis
At December 31, 2019 At December 31, 2018
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 Year Ended
December 31,
2019 2018
Balance at beginning of period $ - $ -
Initial valuation of derivative liabilities included in debt discount 320,351 -
Initial valuation of derivative liabilities included in derivative expense 516,634 -
Change in fair value included in derivative expense 53,425 -
Balance at end of period $ 890,410 $ -
Schedule of warranty liability
For the Year Ended
December 31,
2019 2018
Balance at beginning of period $ 24,190 $ 21,935
Increase in estimated warranty liability 4,650 7,403
Warranty expenses incurred (1,907 ) (5,148 )
Balance at end of period $ 26,933 $ 24,190
Schedule of diluted common shares outstanding
December 31,
2019		 December 31,
2018
Convertible notes 14,333,333 -
Stock options 8,445,698 12,704,009
Warrants 2,050,000 -
Series A preferred stock 3,283,951 -
Series B preferred stock 3,600,000 -
Non-vested, forfeitable common shares 17,475,299 4,498,672