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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Inventory

Inventory		Dec 31, 21				Dec 31, 20
Equipment Parts Inventory			731,863				690,070
Finished Goods Inventory			161,918				181,453
Sales Demo Inventory			885,514				1,281,564
Work in process Inventory			11,657				19,241
Total Inventory			1,790,952				2,172,328

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

Fixed Assets

		December 31
Fixed Assets		2021				2020
Accumulated Depreciation			(186,526)				(26,409)
Machinery & Equipment			797,695				794,945
Office & Computer Equipment			8,420				8,420
Office Furniture			31,029				31,029
R&D Equipment			37,973				31,053
Vehicles			9,989				9,989
Total Fixed Assets			698,580				849,027

Intangible Assets

		December 31st
Intangible Assets		2021				2020
Accumulated Amortization			(236,130)				0
Customer Relationships			211,000				211,000
Equipment Design Documentation			2,675,000				2,675,000
Operational Software & Website			301,275				298,280
Trademarks			216,800				0
Total Intangible Assets			3,167,945				3,186,300

Liabilities

		31-Dec-21				31-Dec-20
Liabilities
Current Liabilities
Accounts Payable			105,493				55,756
Deferred Revenue			91,775				779,128
Credit cards			7,950				0
Lease liability current portion			171,757				181,199
Sales Tax Liability			15,456				12,665
Total Current Liabilities			392,431				1,028,749
Long Term Liabilities			907,013				1,169,373
Total Liabilities			1,299,444				2,198,122

Long Term Liabilities

		December 31
Long Term Liabilities		2021				2020
ICT Investments Loan
Note 2			261,684				689,927
Note1			0				236,841
Total ICT Investments Loan			261,684				926,768
Deferred Rent Liability			0				28,755
Lease liability - less current - Other			328,001				15,100
Total Lease liability - less current			328,001				43,855
PPP Loan			317,328				198,750
Total Long Term Liabilities			907,013				1,169,373
Total Liabilities			1,299,444				2,508,231

Cash Flows Provided By (used In) Operating, Investing And Financing Activities

		Year ended December 31
		2021				2020
Net cash provided by Operating Activities			998,353				(1,328,899	)
Net cash provided by Investing Activities			(136,677)				(4,256,015	)
Net cash provided by Financing Activities			(572,640	)			5,911,628
Cash at the beginning of period			326,713				0
Net cash increase for period			289,036				326,714
Cash at end of period			615,749				326,714

Working Capital

		Year Ended December 31
		2021				2020
Cash And Cash Equivalents			615,749				326,713
Working Capital (excluding cash and cash equivalents)			1,485,887				1,899,674
Total Working Capital			2,101,636				2,226,387

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