v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 4,510,548 $ 86,919
Accounts Receivable, net 485,067 55,540
Inventory 574,540 598,718
Prepaid Assets 144,058 199,727
Total Current Assets 5,714,212 940,904
Other Assets:    
Property and Equipment, net 154,204 128,723
Intangible Assets, net 707,663 569,341
Investment in Joint Venture 500
Long-Term Prepaid Asset 52,000 52,000
Total Other Assets 913,867 750,564
TOTAL ASSETS 6,628,079 1,691,468
Current Liabilities:    
Accounts Payable 182,123 727,114
Notes Payable 50,000
Deferred Revenue 92,841 139,447
Accrued Expenses 230,680 122,658
Total Current Liabilities 505,644 1,039,219
Long-Term Liabilities:    
CARES Act Deferred Payroll Tax Liability 53,545
Total Long-Term Liabilities 53,545
TOTAL LIABILITIES 559,189 1,039,219
Stockholders' Equity    
Preferred Stock, $0.001 par; 10,000,000 shares authorized; 583 and 0 issued and outstanding, respectively 1
Common Stock, $0.001 par; 12,000,000 shares authorized; 5,833,245 and 1,403,759 issued and outstanding, respectively 5,833 1,404
Additional Paid-In Capital 37,614,357 26,746,439
Accumulated Deficit (31,551,301) (26,095,594)
Total Stockholders' Equity 6,068,890 652,249
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,628,079 $ 1,691,468

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