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Stockholders’ Equity (Tables) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Summary of Fair Value of Options Using Black-Sholes Option Pricing Model | The fair value of the options issued ($177,751, in the aggregate) was calculated using the Black-Scholes option pricing model, based on the criteria shown below. Summary of Fair Value of Options Using Black-Sholes Option Pricing Model
Expected life (in years) |  |  | 5.5-8 |
Volatility (based on a comparable company) |  |  | 85.05%-89.37 | %
Risk Free interest rate |  |  | .725%-1.32 | %
Dividend yield (on common stock) |  |  | - |
Summary of Outstanding Stock Options Issued to Employees and Directors | The following is a summary of outstanding stock options issued to employees and directors as of September 30, 2021: Summary of Outstanding Stock Options Issued to Employees and Directors
|  | Number of Options |  |  | Exercise price per share $ |  |  | Average remaining term in years |  |  | Aggregate intrinsic value at date of grant $ |
Outstanding January 1, 2021 |  |  | 7,640,959 |  |  |  | .34 - .87 |  |  |  | 2.97 |  |  |  | - |
Issued - Employees |  |  | 539,998 |  |  |  | .43 - .46 |  |  |  | 7.69 |  |  |  | - |
Issued - Directors |  |  | 148,810 |  |  |  | .42 |  |  |  | 7.56 |  |  |  |  |
Cancelled/Expired |  |  | (460,000 | ) |  |  |  |  |  |  |  |  |  |  |  |
Outstanding September 30 2021 |  |  | 7,869,767 |  |  |  | .34 - .87 |  |  |  | 3.21 |  |  |  | - |
Exercisable, September 30, 2021 |  |  | 6,693,669 |  |  |  | .34 - .87 |  |  |  | 3.10 |  |  |  | - |
Schedule of Changes in Stockholders' Equity | The following is Changes in Stockholders’ Equity as of September 30, 2020 and September 30, 2021: Schedule of Changes in Stockholders' Equity
|  |  |  |  |  |  |  | Additional |  |  |  |  |  |  |
|  | Common Stock |  |  | paid in |  |  | Accumulated |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | (Deficit) |  |  | Total |
Balance January 1, 2020 |  |  | 130,341,737 |  |  | $ | 130 |  |  | $ | 47,030,716 |  |  |  | (46,747,122 | ) |  | $ | 283,724 |
Issuance of stock for capital raise, net of offering costs of $27,200 |  |  | 12,955,725 |  |  |  | 8 |  |  |  | 3,797,792 |  |  |  | - |  |  |  | 3,797,800 |
Conversion of debt |  |  | 4,778,043 |  |  |  | 5 |  |  |  | 1,333,757 |  |  |  | - |  |  |  | 1,333,762 |
Interest paid in shares |  |  | 632,251 |  |  |  | - |  |  |  | 379,350 |  |  |  | - |  |  |  | 379,350 |
Issuance of stock for services |  |  | 263,946 |  |  |  | - |  |  |  | 105,000 |  |  |  | - |  |  |  | 25,000 |
Equity based compensation |  |  | - |  |  |  | - |  |  |  | 240,216 |  |  |  | - |  |  |  | 194,524 |
Warrants issued to management |  |  | - |  |  |  | - |  |  |  | 167,892 |  |  |  | - |  |  |  | 167,892 |
Warrant Modification |  |  | - |  |  |  | - |  |  |  | 18,899 |  |  |  | - |  |  |  | 18,899 |
Warrant issued for note extension |  |  | - |  |  |  | - |  |  |  | 75,184 |  |  |  | - |  |  |  | 75,184 |
Restricted stock issuance |  |  | 121,527 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net (loss) for the year |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,800,843 | ) |  |  | (2,800,843 | )
Balance September 30, 2020 |  |  | 149,093,829 |  |  | $ | 143 |  |  | $ | 53,148,806 |  |  |  | (49,547,965 | ) |  | $ | 3,600,984 |
Barfresh Food Group Inc. Notes to Condensed Consolidated Financial Statements September 30, 2021 (Unaudited)
|  |  |  |  |  |  |  | Additional |  |  |  |  |  |  |
|  | Common Stock |  |  | paid in |  |  | Accumulated |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | (Deficit) |  |  | Total |
Balance January 1, 2021 |  |  | 149,133,372 |  |  | $ | 149 |  |  | $ | 53,223,665 |  |  |  | (50,899,628 | ) |  | $ | 2,324,186 |
Issuance of stock for capital raise, |  |  | 16,666,666 |  |  |  | 17 |  |  |  | 5,999,983 |  |  |  | - |  |  |  | 6,000,000 |
Conversion of debt and accrued interest |  |  | 1,489,976 |  |  |  | 2 |  |  |  | 685,388 |  |  |  | - |  |  |  | 685,390 |
Interest paid in shares |  |  | 251,897 |  |  |  | - |  |  |  | 151,138 |  |  |  | - |  |  |  | 151,138 |
Issuance of stock for services |  |  | 59,524 |  |  |  | - |  |  |  | 75,000 |  |  |  | - |  |  |  | 75,000 |
Equity based compensation |  |  | - |  |  |  | - |  |  |  | 51,857 |  |  |  | - |  |  |  | 51,857 |
Net (loss) for the year |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,395,419 | ) |  |  | (1,395,419 | )
Balance September 30, 2021 |  |  | 167,601,435 |  |  | $ | 168 |  |  | $ | 60,187,031 |  |  |  | (52,295,047 | ) |  | $ | 7,892,152 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
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