Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis

At March 31, 2020 At December 31, 2019
Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Derivative liabilities - - $ 1,310,654 - - $ 890,410

Schedule of roll forward of the level 3 valuation financial instruments

For the Three Months Ended
March 31,
2020 2019
Balance at beginning of period $ 890,410 $ -
Initial valuation of derivative liabilities included in debt discount 41,324 -
Initial valuation of derivative liabilities included in derivative expense 105,623 -
Change in fair value included in derivative expense 273,297 -
Balance at end of period $ 1,310,654 $ -

Schedule of warranty liability

For the Three Months Ended
March 31,
2020 2019
Balance at beginning of period $ 26,933 $ 24,190
Increase in estimated warranty liability - 1,631
Warranty expenses incurred (100 ) (50 )
Balance at end of period $ 26,833 $ 25,771

Schedule of diluted common shares outstanding

March 31,
2020		 March 31,
2019
Convertible notes 20,322,917 1,600,000
Stock options 8,445,698 11,445,698
Warrants 2,194,375 1,000,000
Series A preferred stock 8,111,111 -
Series B preferred stock 3,600,000 -
Non-vested, forfeitable common shares 17,475,299 6,198,672