XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE

The following table summarizes the shares of common stock that were potentially issuable but were excluded from the computation of diluted net loss per share for the nine months ended September 30, 2022 and 2021 as such shares would have had an anti-dilutive effect:

SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE

		2022				2021
		As of September 30,
		2022				2021
Stock options (a)			155,691				11,500
Warrants (b)			16,725				-
Unvested restricted stock			192,215				111,590
Anti-dilutive securities			192,215				111,590

(a)	Includes 144,191 stock options assumed pursuant to the merger agreement with Precision Healing Inc. (“Precision Healing”) in April 2022. See Note 4 for more information regarding the Precision Healing merger.
(b)	Warrants assumed pursuant to the merger agreement with Precision Healing in April 2022. See Note 4 for more information regarding the Precision Healing merger.

SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES

Revenue streams from product sales and royalties are summarized below for the three and nine months ended September 30, 2022 and 2021.

SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES

		2022				2021				2022				2021
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2022				2021				2022				2021
Product sales revenue		$	12,994,321			$	5,773,692			$	30,375,822			$	16,959,761
Royalty revenue			50,250				50,250				150,750				150,750
Total Net Revenue		$	13,044,571			$	5,823,942			$	30,526,572			$	17,110,511

SCHEDULE OF PROPERTY AND EQUIPMENT

SCHEDULE OF PROPERTY AND EQUIPMENT

		Useful				September 30,				December 31,
		Life				2022				2021
Computers			3-5 years			$	156,510			$	104,568
Office equipment			3-5 years				50,214				21,731
Furniture and fixtures			5-10 years				258,414				221,565
Leasehold improvements			2-5 years				19,631				2,030
Internal use software			5 years				1,618,999				1,622,525
Property and equipment, gross							2,103,768				1,972,419
Less accumulated depreciation							(633,168	)			(342,574	)
Property and equipment, net						$	1,470,600			$	1,629,845

SCHEDULE OF PRIOR PERIOD ADJUSTMENTS

The effects of these adjustments were as follows for the three- and six-month periods ended June 30, 2022:

 SCHEDULE OF PRIOR PERIOD ADJUSTMENTS

		As Reported				Adjustment				As Restated				As Reported				Adjustment				As Restated
		Three Months Ended June 30, 2022												Six Months Ended June 30, 2022
		As Reported				Adjustment				As Adjusted				As Reported				Adjustment				As Adjusted
Operating loss		$	(3,194,469	)		$	(127,096	)		$	(3,321,565	)		$	(5,971,341	)		$	(127,096	)		$	(6,098,437	)
Income tax benefit		$	-			$	4,141,906			$	4,141,906			$	-			$	4,141,906			$	4,141,906
Net income (loss)		$	(3,257,896	)		$	4,014,810			$	756,914			$	(6,414,401	)		$	4,014,810			$	(2,399,591	)
Net income (loss) per share of common stock, basic		$	(0.42	)		$	0.52			$	0.10			$	(0.83	)		$	0.52			$	(0.31	)
Net income (loss) per share of common stock, diluted		$	(0.42	)		$	0.51			$	0.09			$	(0.83	)		$	0.52			$	(0.31	)

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration