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Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 11 – Subsequent Events

 

In accordance with ASC 855, Subsequent Events, the Company has evaluated all subsequent events through August 10, 2020, the date the financial statements were available to be issued. No material subsequent events occurred after June 30, 2020, other than as set out below:

 

As stated in Note 7, effective July 22, 2020, the Colorado Court confirmed the Arbitration award and entered a final judgement in favor of the Company and against a former employee. The Company can now commence collection of the costs of $33,985, with interest at 8% per year, awarded by the Arbitrator against the former employee.

 

During the month of July 2020, we entered into several new sales contracts totaling approximately $3.1 million, including our largest-ever contract for $2.8 million, most of which we expect to be realized as revenue in 2020.