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Capital Structure (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of weighted average valuation

		Warrants				Expense				Valuation
Grant Date		Granted				Recorded				Per Warrant
January 31, 2020			40,000			$	16,503			$	0.41
February 29, 2020			40,000			$	18,727			$	0.47
March 31, 2020			40,000			$	8,769			$	0.22
April 30, 2020			40,000			$	25,412			$	0.64
May 31, 2020			40,000			$	33,388			$	0.83
June 30, 2020			40,000			$	36,681			$	0.92
July 31, 2020			40,000			$	29,587			$	0.74
August 31, 2020			40,000			$	46,744			$	1.17
September 30, 2020			40,000			$	43,229			$	1.08
			360,000			$	259,040			$	0.72

Schedule of outstanding stock warrants

				Common				Series 2 Preferred				Weighted Average
Exercise				Stock Warrants				Stock Warrants				Remaining
Price				Outstanding				Outstanding				Contractual Life
$	1.25				1,215,184								3 years
$	1.34				40,000								3 years
$	1.40				40,000								3 years
$	1.54				40,000								3 years
$	1.62				40,000								3 years
$	1.69				40,000								3 years
$	1.74				40,000								3 years
$	1.76				40,000								3 years
$	1.91				40,000								3 years
$	1.95				40,000								4 years
$	2.00				40,000								3 years
$	2.01				40,000								3 years
$	2.45				40,000								3 years
$	2.53				40,000								3 years
$	2.78				40,000								3 years
$	2.93				40,000								3 years
$	5.50				177,304								2 years
$	1,250				-				439	*			3 years
					1,992,488				439

* At September 30, 2020, the above warrants were convertible into 116,903 shares of common stock

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- Definition

Schedule of weighted average valuation.

+ References

No definition available.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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