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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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

Intangible assets

Intangible Assets		June 30, 2022				December 31, 2021
Accumulated Amortization			(355,620	)			(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			3,052,650				3,167,944

		December 31,
Intangible Assets		2021				2020
Accumulated Amortization			(236,130)				-
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				-
Total Intangible Assets			3,167,945				3,184,280

Liquidity and Capital Resources

		Six months ending June 30,
		2022				2021
Net cash provided by Operating Activities			462,270				200,783	)
Net cash provided by Investing Activities			(4,195	)			(5,745	)
Net cash provided by Financing Activities			(533,723	)			(18,281	)

Inventory

		June 30, 2022				December 31, 2021
Inventory
Equipment Parts Inventory			727,997				731,863
Finished Goods Inventory			181,715				161,918
Sales Demo Inventory			647,790				885,514
Work in process Inventory			47,425				11,657
Total Inventory			1,604,926				1,790,952

			Year Ended December 31,
Inventory		2021				2020
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				19,240
Total Inventory			1,790,952				2,172,327

Fixed Assets

		June 30, 2022				December 31, 2021
Capital Assets
Equipment and Furniture
Accumulated Depreciation			(241,078	)			(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
Property and Equipment			644,029				698,580

		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

Liabilities

		December 31,
		2021				2020
Liabilities
Current Liabilities
Accounts Payable			105,493				55,756
Deferred Revenue			91,775				779,128
Credit cards			7,950				-
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			-				236,841
Total ICT Investments Loan			261,684				926,768
Deferred Rent Liability			-				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
		(Restated)				(Restated)
Net cash provided by Operating Activities			1,375,287				(1,525,198	)
Net cash provided by Investing Activities			(229,465	)			(4,059,716	)
Net cash provided by Financing Activities			(856,787	)			5,911,628
Cash at the beginning of period			326,714				-
Net cash increase for period			289,035				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				326,714
Working Capital (excluding cash and cash equivalents)			1,482,887				1,899,674
Total Working Capital			2,098,636				2,226,388

The company restated the statement of cash flows as of December 31, 2021 and 2020 to comply with requirements ASC 230-10-45 and ASC 842-20-45-5.

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