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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 30, 2021
Accounting Policies [Abstract] |
SCHEDULE OF ERRORS RESULTED IN MISSTATEMENTS | These errors resulted in misstatements to our Balance Sheets, Statements of Operations, Statements of Stockholders’ Equity, and Statements of Cash Flows as of and for the three and nine months ended September 30, 2021 and 2020, as follows: SCHEDULE OF ERRORS RESULTED IN MISSTATEMENTS
|  | As of September 30, 2021 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
BALANCE SHEET |  |  |  |  |  |  |  |  |  |  |  |
Equity awards liability |  | $ | - |  |  |  | 782,834 |  |  | $ | 782,834 |
Liability for shares withheld |  | $ | - |  |  |  | 1,244,458 |  |  | $ | 1,244,458 |
Total current liabilities |  | $ | 4,049,625 |  |  |  | 2,027,292 |  |  | $ | 6,076,917 |
Total liabilities |  | $ | 4,059,362 |  |  |  | 2,027,292 |  |  | $ | 6,086,654 |
Common stock (dollars) |  | $ | 18,736 |  |  |  | (92 | ) |  | $ | 18,644 |
Additional paid-in capital |  | $ | 140,905,895 |  |  |  | 4,751,432 |  |  | $ | 145,657,327 |
Accumulated deficit |  | $ | (119,126,799 | ) |  |  | (6,778,632 | ) |  | $ | (125,905,431 | )
Total stockholders’ equity |  | $ | 21,797,832 |  |  |  | (2,027,292 | ) |  | $ | 19,770,540 |
Common stock (shares) |  |  | 18,735,915 |  |  |  | (92,634 | ) |  |  | 18,643,281 |
|  | For the three months ended September 30, 2021 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  | $ | 2,856,794 |  |  |  | 73,479 |  |  | $ | 2,930,273 |
Total operating expenses |  | $ | 4,272,460 |  |  |  | 73,479 |  |  | $ | 4,345,939 |
Loss from operations |  | $ | (951,821 | ) |  |  | (73,479 | ) |  | $ | (1,025,300 | )
Net loss |  | $ | (952,233 | ) |  |  | (73,479 | ) |  | $ | (1,025,712 | )
PER SHARE INFORMATION |  |  |  |  |  |  |  |  |  |  |  |
Loss per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | (0.05 | ) |  |  | (0.01 | ) |  | $ | (0.06 | )
Weighted average common shares used in computing per share amounts -Basic and Diluted |  |  | 18,735,097 |  |  |  | (92,634 | ) |  |  | 18,642,463 |
|  | For the nine months ended September 30, 2021 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  | $ | 7,951,970 |  |  |  | 3,736,238 |  |  | $ | 11,688,208 |
Total operating expenses |  | $ | 12,056,501 |  |  |  | 3,736,238 |  |  | $ | 15,792,739 |
Loss from operations |  | $ | (2,765,424 | ) |  |  | (3,736,238 | ) |  | $ | (6,501,662 | )
Net loss |  | $ | (2,750,084 | ) |  |  | (3,736,238 | ) |  | $ | (6,486,322 | )
PER SHARE INFORMATION |  |  |  |  |  |  |  |  |  |  |  |
Loss per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | (0.15 | ) |  |  | (0.20 | ) |  | $ | (0.35 | )
Weighted average common shares used in computing per share amounts - Basic and Diluted |  |  | 18,653,823 |  |  |  | (73,811 | ) |  |  | 18,580,012 |
|  | For the three months ended September 30, 2020 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  | $ | 1,472,094 |  |  |  | 3,042,394 |  |  | $ | 4,514,488 |
Total operating expenses |  | $ | 2,379,857 |  |  |  | 3,042,394 |  |  | $ | 5,422,251 |
Income (loss) from operations |  | $ | 25,419 |  |  |  | (3,042,394 | ) |  | $ | (3,016,975 | )
Net income (loss) |  | $ | 32,412 |  |  |  | (3,042,394 | ) |  | $ | (3,009,982 | )
PER SHARE INFORMATION |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | 0.00 |  |  |  | (0.16 | ) |  | $ | (0.16 | )
Weighted average common shares used in computing per share amounts - |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 18,336,107 |  |  |  | - |  |  |  | 18,336,107 |
Diluted |  |  | 18,764,994 |  |  |  | (428,887 | ) |  |  | 18,336,107 |
|  | For the nine months ended September 30, 2020 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | /Restated |
STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  | $ | 4,341,985 |  |  |  | 3,042,394 |  |  | $ | 7,384,379 |
Total operating expenses |  | $ | 7,179,359 |  |  |  | 3,042,394 |  |  | $ | 10,221,753 |
Loss from operations |  | $ | (719,445 | ) |  |  | (3,042,394 | ) |  | $ | (3,761,839 | )
Net loss |  | $ | (701,259 | ) |  |  | (3,042,394 | ) |  | $ | (3,743,653 | )
PER SHARE INFORMATION |  |  |  |  |  |  |  |  |  |  |  |
Loss per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | (0.04 | ) |  |  | (0.18 | ) |  | $ | (0.22 | )
Weighted average common shares used in computing per share amounts - |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  |  | 16,960,770 |  |  |  | - |  |  |  | 16,960,770 |
|  | For the three months ended September 30, 2021 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (952,233 | ) |  |  | (73,479 | ) |  | $ | (1,025,712 | )
Common stock (shares) |  |  | 18,735,915 |  |  |  | (92,634 | ) |  |  | 18,643,281 |
Common stock (dollars) |  | $ | 18,736 |  |  |  | (92 | ) |  | $ | 18,644 |
Additional paid-in capital |  | $ | 140,905,895 |  |  |  | 4,751,432 |  |  | $ | 145,657,327 |
Accumulated deficit |  | $ | (119,126,799 | ) |  |  | (6,778,632 | ) |  | $ | (125,905,431 | )
Total stockholders’ equity |  | $ | 21,797,832 |  |  |  | (2,027,292 | ) |  | $ | 19,770,540 |
|  | For the nine months ended September 30, 2021 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Exercise of stock options, net of cashless exercise of 58,122 shares and 92,634 shares withheld |  | $ | 46,470 |  |  |  | 1,708,946 |  |  | $ | 1,755,416 |
Net loss |  | $ | (2,750,084 | ) |  |  | (3,736,238 | ) |  | $ | (6,486,322 | )
Common stock (shares) |  |  | 18,735,915 |  |  |  | (92,634 | ) |  |  | 18,643,281 |
Common stock (dollars) |  | $ | 18,736 |  |  |  | (92 | ) |  | $ | 18,644 |
Additional paid-in capital |  | $ | 140,905,895 |  |  |  | 4,751,432 |  |  | $ | 145,657,327 |
Accumulated deficit |  | $ | (119,126,799 | ) |  |  | (6,778,632 | ) |  | $ | (125,905,431 | )
Total stockholders’ equity |  | $ | 21,797,832 |  |  |  | (2,027,292 | ) |  | $ | 19,770,540 |
|  | Three months ended September 30, 2020 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Exercise of liability awards |  | $ | - |  |  |  | 3,042,394 |  |  | $ | 3,042,394 |
Net income (loss) |  | $ | 32,412 |  |  |  | (3,042,394 | ) |  | $ | (3,009,982 | )
Accumulated deficit |  | $ | (117,636,371 | ) |  |  | (3,042,394 | ) |  | $ | (120,678,765 | )
Additional paid-in capital |  | $ | 138,411,649 |  |  |  | 3,042,394 |  |  | $ | 141,454,043 |
Total stockholders’ equity |  | $ | 20,793,668 |  |  |  | - |  |  | $ | 20,793,668 |
|  | Nine months ended September 30, 2020 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Exercise of liability awards |  | $ | - |  |  |  | 3,042,394 |  |  | $ | 3,042,394 |
Net loss |  | $ | (701,259 | ) |  |  | (3,042,394 | ) |  | $ | (3,743,653 | )
Accumulated deficit |  | $ | (117,636,371 | ) |  |  | (3,042,394 | ) |  | $ | (120,678,765 | )
Additional paid-in capital |  | $ | 138,411,649 |  |  |  | 3,042,394 |  |  | $ | 141,454,043 |
Total stockholders’ equity |  | $ | 20,793,668 |  |  |  | - |  |  | $ | 20,793,668 |
|  | For the nine months ended September 30, 2021 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (2,750,084 | ) |  |  | (3,736,238 | ) |  | $ | (6,486,322 | )
Equity compensation |  | $ | 2,270,205 |  |  |  | 3,736,238 |  |  | $ | 6,006,443 |
Supplemental disclosure of noncash investing and financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Reclassification of stock option awards |  | $ | - |  |  |  | 1,411,108 |  |  | $ | 1,411,108 |
|  | For the nine months ended September 30, 2020 |
|  | As Previously |  |  | Restatement |  |  | As |
|  | Reported |  |  | Adjustment |  |  | Restated |
STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (701,259 | ) |  |  | (3,042,394 | ) |  | $ | (3,743,653 | )
Equity compensation |  | $ | 286,909 |  |  |  | 3,042,394 |  |  | $ | 3,329,303 |
SCHEDULE OF DISAGGREGATION OF REVENUE | In the following tables, revenue is disaggregated by product and service and the timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue. SCHEDULE OF DISAGGREGATION OF REVENUE
|  | For the Three Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Products and services |  |  |  |  |  |  |  |
Software as a Service (SaaS) |  | $ | 3,245,274 |  |  | $ | 2,451,381 |
Other subscription and support services |  |  | 3,282 |  |  |  | 36,346 |
Equipment |  |  | 1,470,333 |  |  |  | 176,061 |
Non-recurring services |  |  | 12,000 |  |  |  | 29,000 |
Extended warranties on equipment |  |  | 1,405 |  |  |  | 5,058 |
Other |  |  | 98,935 |  |  |  | 1,129 |
Revenues |  | $ | 4,831,229 |  |  | $ | 2,698,975 |
Timing of revenue recognition |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 1,569,268 |  |  | $ | 177,190 |
Services transferred over time |  |  | 3,261,961 |  |  |  | 2,521,785 |
Revenues |  | $ | 4,831,229 |  |  | $ | 2,698,975 |
|  | For the Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Products and services |  |  |  |  |  |  |  |
Software as a Service (SaaS) |  | $ | 9,254,591 |  |  | $ | 6,361,150 |
Other subscription and support services |  |  | 22,588 |  |  |  | 186,280 |
Equipment |  |  | 2,931,980 |  |  |  | 1,011,608 |
Non-recurring services |  |  | 65,200 |  |  |  | 70,450 |
Extended warranties on equipment |  |  | 7,009 |  |  |  | 17,232 |
Other |  |  | 209,543 |  |  |  | 9,722 |
|  | $ | 12,490,911 |  |  | $ | 7,656,442 |
Timing of revenue recognition |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 3,141,523 |  |  | $ | 1,021,330 |
Services transferred over time |  |  | 9,349,388 |  |  |  | 6,635,112 |
Revenues |  | $ | 12,490,911 |  |  | $ | 7,656,442 |
SCHEDULE OF REVENUE PERFORMANCE OBLIGATION | The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period: SCHEDULE OF REVENUE PERFORMANCE OBLIGATION
|  | Remainder |  |  |  |  |  |  |  |  |  |
|  | 2021 |  |  | 2022 |  |  | 2023 |  |  | Total |
Software as a Service (SaaS) |  | $ | 550,647 |  |  | $ | 812,288 |  |  | $ | 3,136 |  |  | $ | 1,366,071 |
Other subscription and support services |  |  | 3,086 |  |  |  | 5,649 |  |  |  | 2,602 |  |  |  | 11,337 |
Extended warranties on equipment |  |  | 1,097 |  |  |  | 2,324 |  |  |  | 1,219 |  |  |  | 4,640 |
|  | $ | 554,830 |  |  | $ | 820,261 |  |  | $ | 6,957 |  |  | $ | 1,382,048 |
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED | SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (1,025,712 | ) |  | $ | (3,009,982 | ) |  | $ | (6,486,322 | ) |  | $ | (3,743,653 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares – Basic and Diluted |  |  | 18,642,463 |  |  |  | 18,336,107 |  |  |  | 18,580,012 |  |  |  | 16,960,770 |
Net loss per share – |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | (0.06 | ) |  | $ | (0.16 | ) |  | $ | (0.35 | ) |  | $ | (0.22 | )
SUMMARY OF COMMON STOCK EQUIVALENTS EXCLUDED FROM LOSS PER DILUTED SHARE | The following table summarizes the common stock equivalents excluded from loss per diluted share because their effect would be anti-dilutive to the net loss: SUMMARY OF COMMON STOCK EQUIVALENTS EXCLUDED FROM LOSS PER DILUTED SHARE
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Stock options |  |  | 502,424 |  |  |  | 653,882 |  |  |  | 502,424 |  |  |  | 653,882 |
Warrants |  |  | - |  |  |  | 12,680 |  |  |  | - |  |  |  | 12,680 |
Restricted stock |  |  | 408,657 |  |  |  | 4,499 |  |  |  | 408,657 |  |  |  | 4,499 |
Performance stock units |  |  | 228,498 |  |  |  | 265,942 |  |  |  | 228,498 |  |  |  | 265,942 |
|  |  | 1,139,579 |  |  |  | 937,003 |  |  |  | 1,139,579 |  |  |  | 937,003 |

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