v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 2,445,766 $ 86,919
Accounts Receivable, net 286,405 55,540
Inventory 585,640 598,718
Prepaid Assets 118,031 199,727
Total Current Assets 3,435,842 940,904
Other Assets:    
Property and Equipment, net 117,006 128,723
Intangible Assets, net 644,286 569,341
Investment in Joint Venture 500
Long-Term Prepaid Asset 52,000 52,000
Total Other Assets 813,292 750,564
TOTAL ASSETS 4,249,134 1,691,468
Current Liabilities:    
Accounts Payable 295,220 727,114
Notes Payable 50,000
Deferred Revenue 99,588 139,447
Accrued Expenses 272,442 122,658
Total Current Liabilities 667,250 1,039,219
Long-Term Liabilities:    
CARES Act Deferred Payroll Tax Liability 22,072
Total Long-Term Liabilities 22,072
TOTAL LIABILITIES 689,322 1,039,219
Stockholders' Equity    
Preferred Stock, $0.001 par; 10,000,000 shares authorized; 333 and 0 issued and outstanding, respectively 1
Common Stock, $0.001 par; 12,000,000 shares authorized; 3,926,362 and 1,403,759 issued and outstanding, respectively 3,926 1,404
Additional Paid-In Capital 33,151,829 26,746,439
Accumulated Deficit (29,595,944) (26,095,594)
Total Stockholders' Equity 3,559,812 652,249
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,249,134 $ 1,691,468

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