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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Inventory

		March 31, 2022				December 31, 2021
Inventory
Equipment Parts Inventory			690,948				731,863
Finished Goods Inventory			327,743				161,918
Sales Demo Inventory			862,090				885,514
Work in process Inventory			43,247				11,657
Total Inventory			1,924,028				1,790,952

Estimated useful lives for significant property and equipment

Category		Economic  Useful Life
Office furniture and fixtures		3-5 years
Machinery and equipment		5-7 years
Intangible Assets		7-12 years

		March 31, 2022				December 31, 2021
Capital Assets
Equipment and Furniture
Accumulated Depreciation			(213,802	)			(186,526	)
Machinery & Equipment			797,696				797,695
Office and Computer Equipment			8,420				8,420
Office Furniture			31,029				31,029
R&D Equipment			37,973				37,973
Vehicles			9,989				9,989
Total Capital Assets			671,305				698,580

Intangible assets

Intangible Assets		March 31, 2022				December 31, 2021
Accumulated Amortization			(298,815	)			(236,130	)
Customer Relationships			211,000				211,000
Equipment Design Documentation			2,675,000				2,675,000
Operational Software & Website			305,470				301,274
Trademarks			216,800				216,800
Total Intangible Assets			3,109,455				3,167,944

Liquidity and Capital Resources

		For three Months ending March 31,
		2022				2021
Net cash provided by Operating Activities			182,193				(91,237	)
Net cash provided by Investing Activities			(4,195	)			(2,995	)
Net cash provided by Financing Activities			(327,234	)			148,291

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