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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 30, 2019
Accounting Policies [Abstract] |
Schedule of inventory | Inventory consists of the following:
|  | September 30, 2019 |  |  | December 31, 2018 |
Raw Material |  | $ | 376,417 |  |  | $ | 307,947 |
Finished Goods |  |  | 46,792 |  |  |  | 39,998 |
TOTAL INVENTORY |  | $ | 423,209 |  |  | $ | 347,945 |
Schedule of changes in fair value associated with level 3 liabilities | The following table provides a summary of changes in fair value associated with the Level 3 liabilities for the nine months ended September 30, 2019 and for the year ended December 31, 2018:
|  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |
|  | Nine Months Ended September 30, 2019 |  |  | Year ended December 31, 2018 |
Balance, beginning of period |  | $ | - |  |  | $ | (166,093 | )
Issuances of derivative liability |  |  | - |  |  |  | - |
Reclassification to additional paid in capital |  |  | - |  |  |  | 1,141,995 |
Change in fair value of derivative liability |  |  | - |  |  |  | (975,902 | )
Balance, end of period |  | $ | - |  |  | $ | - |
Schedule of disaggregation of revenue | The following tables present our disaggregated revenues by Type of Revenue and Timing of Revenue:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Type of Revenue |  |  |  |  |  |  |  |  |  |  |  |
Product revenue |  | $ | 61,182 |  |  | $ | 23,323 |  |  | $ | 212,905 |  |  | $ | 29,913 |
Service revenue |  |  | 26,950 |  |  |  | 11,853 |  |  |  | 100,459 |  |  |  | 46,699 |
Other revenue |  |  | - |  |  |  | - |  |  |  | 219 |  |  |  | 6,568 |
Total revenue |  | $ | 88,132 |  |  | $ | 35,176 |  |  | $ | 313,583 |  |  | $ | 83,180 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Timing of Revenue |  |  |  |  |  |  |  |  |  |  |  |
Revenue recognized point in time |  | $ | 79,166 |  |  | $ | 28,310 |  |  | $ | 281,333 |  |  | $ | 44,356 |
Revenue recognized over time |  |  | 8,966 |  |  |  | 6,866 |  |  |  | 32,250 |  |  |  | 38,824 |
Total revenue |  | $ | 88,132 |  |  | $ | 35,176 |  |  | $ | 313,583 |  |  | $ | 83,180 |
Schedule of deferred warranty activity | The table below details the activity in our contract liabilities during the nine months ended September 30, 2019, and the year ended December 31, 2018, and is included in other current liabilities in the Company’s unaudited condensed consolidated balance sheet.
|  | Nine Months Ended September 30, 2019 |  |  | Year Ended December 31, 2018 |
Balance at beginning of period |  | $ | 20,631 |  |  | $ | 30,690 |
Additions |  |  | 20,826 |  |  |  | 32,106 |
Transfer to revenue |  |  | (32,250 | ) |  |  | (42,166 | )
Balance at end of period |  | $ | 9,207 |  |  | $ | 20,631 |
Schedule of lease costs | We used the incremental borrowing rate on December 31, 2018 for all leases that commenced prior to that date. Lease Costs
|  | Three Months Ended September 30, 2019 |  |  | Nine Months Ended September 30, 2019 |
Components of total lease costs: |  |  |  |  |  |
Operating lease expense |  | $ | 148,922 |  |  | $ | 445,148 |
Short-term lease costs (1) |  |  | 11,122 |  |  |  | 38,626 |
Total lease costs |  | $ | 160,044 |  |  | $ | 483,774 |
(1) | Represents short-term leases which are immaterial.
Schedule of ROU lease assets and lease liabilities | ROU lease assets and lease liabilities for our operating leases were recorded in the unaudited condensed consolidated balance sheet as follows:
|  | As of September 30, 2019 |
Assets: |  |  |
Operating lease assets, current |  | $ | 337,000 |
Operating lease assets, net of current |  |  | 369,275 |
Total lease assets |  | $ | 706,275 |
Liabilities: |  |  |  |
Operating lease liabilities, current |  | $ | 589,158 |
Operating lease liabilities, net of current |  |  | 432,860 |
Total lease liabilities |  | $ | 1,022,018 |
Schedule of lease terms and discount rate | Lease Terms and Discount Rate
Weighted average remaining lease term (in years) – operating lease |  |  | 2.3 |
Weighted average discount rate – operating lease |  |  | 14 | %
Schedule of cash paid for amounts included in the measurement of lease liabilities |
|  | Nine Months Ended September 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases |  | $ | 340,044 |
Schedule of future minimum lease payments | Future lease payments included in the measurement of lease liabilities on the unaudited condensed consolidated balance sheet as of September 30, 2019, for the following five years and thereafter are as follows:
Years ending December 31, |  |  |
2019 (3 months) |  | $ | 155,075 |
2020 |  |  | 645,248 |
2021 |  |  | 173,545 |
2022 |  |  | 116,392 |
2023 |  |  | 67,895 |
Total future minimum lease payments |  |  | 1,158,155 |
Lease imputed interest |  |  | (136,137 | )
Total |  | $ | 1,022,018 |
Schedule of net loss per share | The following potentially dilutive securities for the nine months ended September 30, 2019 and 2018 have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.
|  | Nine months ended |
|  | September 30, 2019 |  |  | September 30, 2018 |
Warrants |  |  | 5,466,057 |  |  |  | - |
Convertible debt |  |  | - |  |  |  | 140,678 |
TOTAL |  |  | 5,466,057 |  |  |  | 140,678 |
Schedule of concentration of customers | The table below sets forth the Company’s customers that accounted for greater than 10% of its revenues for the three- and nine-month periods ended September 30, 2019 and 2018, respectively:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
Customer |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
A |  |  | - |  |  |  | 16 | % |  |  | 44 | % |  |  | 48 | %
B |  |  | - |  |  |  | 55 | % |  |  | 18 | % |  |  | 33 | %
C |  |  | 85 | % |  |  | - |  |  |  | 36 | % |  |  | - |
D |  |  | - |  |  |  | 27 | % |  |  | - |  |  |  | 12 | %

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