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SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 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 six months ended June 30, 2021 as follows:

SCHEDULE OF ERRORS RESULTED IN MISSTATEMENTS

		As of June 30, 2021
		As Previously				Restatement				As
		Reported				Adjustment				Restated
BALANCE SHEET
Equity awards liability		$	-				709,355			$	709,355
Liability for shares withheld		$	-				1,244,458			$	1,244,458
Total current liabilities		$	3,267,936				1,953,813			$	5,221,749
Total liabilities		$	3,274,534				1,953,813			$	5,228,347
Common stock (dollars)		$	18,728				(92	)		$	18,636
Additional paid-in capital		$	140,267,314				4,751,432			$	145,018,746
Accumulated deficit		$	(118,174,566	)			(6,705,153	)		$	(124,879,719	)
Total stockholders’ equity		$	22,111,476				(1,953,813	)		$	20,157,663
Common stock (shares)			18,727,552				(92,634	)			18,634,918

For the three months ended June 30, 2021
		As Previously Reported				Restatement Adjustment				As Restated
STATEMENT OF OPERATIONS
Selling, general and administrative expenses		$	2,714,396				98,377			$	2,812,773
Total operating expenses		$	4,067,020				98,377			$	4,165,397
Loss from operations		$	(738,395	)			(98,377	)		$	(836,772	)
Net loss		$	(737,785	)			(98,377	)		$	(836,162	)
PER SHARE INFORMATION
Loss per common share
Basic and Diluted		$	(0.04	)			0.00			$	(0.04	)
Weighted average common shares used in computing per share amounts - Basic and Diluted		$	18,708,409				(92,634	)		$	18,615,775

For the six months ended June 30, 2021
		As Previously Reported				Restatement Adjustment				As Restated
STATEMENT OF OPERATIONS
Selling, general and administrative expenses		$	5,095,176				3,662,759			$	8,757,935
Total operating expenses		$	7,784,041				3,662,759			$	11,446,800
Loss from operations		$	(1,813,603	)			(3,662,759	)		$	(5,476,362	)
Net loss		$	(1,797,851	)			(3,662,759	)		$	(5,460,610	)
PER SHARE INFORMATION
Loss per common share
Basic and Diluted		$	(0.10	)		$	(0.19	)		$	(0.29	)
Weighted average common shares used in computing per share amounts -
Basic and Diluted			18,612,512				(64,170	)			18,548,342

For the three months ended June 30, 2021
		As Previously Reported				Restatement Adjustment				As Restated
STATEMENT OF STOCKHOLDERS’ EQUITY
Net loss		$	(737,785	)			(98,377	)		$	(836,162	)
Common stock (shares)			18,727,552				(92,634	)			18,634,918
Common stock (dollars)		$	18,728				(92	)		$	18,636
Additional paid-in capital		$	140,267,314				4,751,432			$	145,018,746
Accumulated deficit		$	(118,174,566	)			(6,705,153	)		$	(124,879,719	)
Total stockholders’ equity		$	22,111,476				(1,953,813	)		$	20,157,663

For the six months ended June 30, 2021
		As Previously Reported				Restatement Adjustment				As 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		$	(1,797,851	)			(3,662,759	)		$	(5,460,610	)
Common stock (shares)			18,727,552				(92,634	)			18,634,918
Common stock (dollars)		$	18,728				(92	)		$	18,636
Additional paid-in capital		$	140,267,314				4,751,432			$	145,018,746
Accumulated deficit		$	(118,174,566	)			(6,705,153	)		$	(124,879,719	)
Total stockholders’ equity		$	22,111,476				(1,953,813	)		$	20,157,663

For the six months ended June 30, 2021
		As Previously Reported				Restatement Adjustment				As Restated
STATEMENT OF CASH FLOWS
Net loss		$	(1,797,851	)			(3,662,759	)		$	(5,460,610	)
Equity compensation		$	1,631,616				(3,662,759	)		$	5,294,375
Supplemental disclosure of noncash investing and financing activities:
Reclassification of stock option awards		$	-				1,411,108			$	1,411,108

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 June 30,
		2021				2020
Products and services
Software as a Service (SaaS)		$	3,233,610			$	1,671,350
Other subscription and support services			3,510				70,703
Equipment			1,425,382				51,754
Non-recurring services			32,200				41,450
Extended warranties on equipment			2,448				5,845
Other			99,991				1,093
		$	4,797,141			$	1,842,195
Timing of revenue recognition
Products transferred at a point in time		$	1,525,373			$	52,847
Services transferred over time			3,271,768				1,789,348
		$	4,797,141			$	1,842,195

		For the Six Months Ended June 30,
		2021				2020
Products and services
Software as a Service (SaaS)		$	6,009,317			$	3,909,769
Other subscription and support services			19,307				149,934
Equipment			1,461,648				835,547
Non-recurring services			53,200				41,450
Extended warranties on equipment			5,604				12,175
Other			110,606				8,592
		$	7,659,682			$	4,957,467
Timing of revenue recognition
Products transferred at a point in time		$	1,572,253			$	844,139
Services transferred over time			6,087,429				4,113,328
Revenues		$	7,659,682			$	4,957,467

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)		$	414,351			$	112,615			$	-			$	526,966
Other subscription and support services			5,780				5,507				1,985				13,272
Extended warranties on equipment			2,502				2,256				930				5,688
		$	422,633			$	120,378			$	2,915			$	545,926

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED 

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2021				2020				2021				2020
Numerator:
Net loss		$	(836,162	)		$	(760,273	)		$	(5,460,610	)		$	(733,671	)
Denominator:
Weighted average common shares –
Basic/Diluted			18,615,775				16,377,539				18,548,342				16,265,544
Net loss per share –
Basic/Diluted		$	(0.04	)		$	(0.05	)		$	(0.29	)		$	(0.05	)

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								Six Months Ended
		June 30,								June 30,
		2021				2020				2021				2020
Stock options			502,424				1,263,257				502,424				1,263,257
Warrants			-				13,430				-				13,430
Restricted stock			409,765				7,284				409,765				7,284
Performance stock units			233,848				-				233,848				-
Antidilutive securities excluded from computation of earnings per share amount			1,146,037				1,283,971				1,146,037				1,283,971

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