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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of inventory

		June 30, 2020		December 31, 2019
ASSETS
Inventory
Equipment Parts Inventory		270.076		0
Sales Demo Inventory		495,150		495,150
Work in process Inventory		27,380		0
Total Inventory		792,607		495,150

Summary of estimated useful lives for significant property and equipment

		Economic
Category		Useful Life
Office furniture and fixtures		3-5 years
Machinery and equipment		5-12 years

Summary of fixed assets

		June 30, 2020		December 31, 2019
Fixed Assets
Equipment and Furniture
Accumulated Depreciation		(15,405)		0
Machinery & Equipment		158,456		0
Office and Computer Equipment		8,420		0
Total Equipment and Furniture		151,470		0
Total Fixed Assets		151,470		0

Summary of liabilities

		June 30, 2020		December 31, 2019
Current Liability		623,126		5,280
Long Term Liability		726,658		0
Total Liabilities		1,349,783		5,280

Summary of long term liabilities

		June 30, 2020		December 31, 2019
		(Unaudited)
Long Term Liabilities
PPP Loan		198,750		0
Lease Liability less Current		209,955		0
Notes		337,457		0
Total Long Term Liabilities		746,162		0

Summary of liquidity and capital resources

						Additional
		Common Stock				Paid-In			Accumulated			Stockholders'
		Shares		Amount		Capital			(Deficit)			Equity
Balance, December 31, 2019		—		—		$	—		$	—		$	—
Shares issued for cash		2,661,316		26,613			478,893
Net loss for year ended December 31, 2019		—		—			—			(15,636)			—
January 1st - June 30, 2020		—		—		$	—		$	—		$	—
Shares issued for cash		900,000		9,000			149,456
Net loss for year ended June 30, 2020										(156,491)
Balance, June 30, 2020		3,561,316		35,613		$	628,349		$	(172,127)		$	491,835

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