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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Net Income (Loss) Per Share |
|  | For the Three Months Ended June 30, (Unaudited) |
|  | 2020 |  |  | 2019 |
Net Income (Loss) |  | $ | 3,656,916 |  |  | $ | (584,704 | )
Adjustments for convertible debt - as converted |  |  |  |  |  |  |  |
Interest on convertible debt |  |  | - |  |  |  | 50,000 |
Amortization of debt discount on convertible debt |  |  | - |  |  |  | - |
Net income (loss) attributable to common shareholders |  | $ | 3,656,916 |  |  | $ | (534,704 | )
Weighted average number of shares of common stock outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 133,541,403 |  |  |  | 124,699,539 |
Diluted |  |  | 148,558,078 |  |  |  | 124,699,539 |
Net income (loss) attributable to common shareholders per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.03 |  |  | $ | (0.00 | )
Diluted |  | $ | 0.02 |  |  | $ | (0.00 | )
The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:
|  | For the Three Months |
|  | Ended June 30 |
|  | (Unaudited) |
|  | 2020 |  |  | 2019 |
Numerator: |  |  |  |  |  |
Net Income (Loss) |  | $ | 3,656,916 |  |  | $ | (584,704 | )
Denominator: |  |  |  |  |  |  |  |
Basic weighted-average shares |  |  | 133,541,403 |  |  |  | 124,699,539 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Warrants |  |  | 13,696,675 |  |  |  | - |
Convertible Debt |  |  | - |  |  |  | - |
Options |  |  | 810,000 |  |  |  | - |
Preferred Stock |  |  | 510,000 |  |  |  | - |
Diluted Weighted Average Shares |  |  | 148,558,078 |  |  |  | 124,699,539 |
Net Income (Loss) Per Common Share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.03 |  |  | $ | (0.00 | )
Diluted |  | $ | 0.02 |  |  | $ | (0.00 | )
Note: Warrants, options and preferred stock for the three months ended June 30, 2019 are not included in the computation of diluted weighted average shares as such inclusion would be anti-dilutive.
Income (loss) from Operations Data: |  |  |  |  |  |
Income (Loss) from Operations |  | $ | 3,656,660 |  |  | $ | (535,333 | )
Basic and Diluted Weighted |  |  |  |  |  |  |  |
Average Shares |  |  |  |  |  |  |  |
Basic |  |  | 133,541,403 |  |  |  | 124,699,539 |
Diluted |  |  | 148,558,078 |  |  |  | 124,699,539 |
Basic and Diluted Income (loss) Per Common Share |  |  |  |  |  |  |  |
Basic |  | $ | 0.03 |  |  | $ | (0.00 | )
Diluted |  | $ | 0.02 |  |  | $ | (0.00 | )
|  | For the Six Months Ended June 30, (Unaudited) |
|  | 2020 |  |  | 2019 |
Net Income (Loss) |  | $ | 6,276,178 |  |  | $ | (1,519,236 | )
Adjustments for convertible debt - as converted |  |  |  |  |  |  |  |
Interest on convertible debt |  |  | 40,689 |  |  |  | 100,000 |
Amortization of debt discount on convertible debt |  |  | - |  |  |  | 17,534 |
Net income (loss) attributable to common shareholders |  | $ | 6,316,867 |  |  | $ | (1,401,702 | )
Weighted average number of shares of common stock outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 130,172,111 |  |  |  | 124,679,534 |
Diluted |  |  | 145,188,786 |  |  |  | 124,679,534 |
Net income (loss) attributable to common shareholders per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.05 |  |  | $ | (0.01 | )
Diluted |  | $ | 0.04 |  |  | $ | (0.01 | )
The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:
|  | For the Six Months |
|  | Ended June 30 |
|  | (Unaudited) |
|  | 2020 |  |  | 2019 |
Numerator: |  |  |  |  |  |
Net Income (Loss) |  | $ | 6,276,178 |  |  | $ | (1,519,236 | )
Denominator: |  |  |  |  |  |  |  |
Basic weighted-average shares |  |  | 130,172,111 |  |  |  | 124,679,534 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Warrants |  |  | 13,696,675 |  |  |  | - |
Convertible Debt |  |  | - |  |  |  | - |
Options |  |  | 810,000 |  |  |  | - |
Preferred Stock |  |  | 510,000 |  |  |  | - |
Diluted Weighted Average Shares |  |  | 145,188,786 |  |  |  | 124,679,534 |
Net Income (Loss) Per Common Share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.05 |  |  | $ | (0.01 | )
Diluted |  | $ | 0.04 |  |  | $ | (0.01 | )
Note: Warrants, options and preferred stock for the six months ended June 30, 2019 are not included in the computation of diluted weighted average shares as such inclusion would be anti-dilutive.
Income (loss) from Operations Data: |  |  |  |  |  |
Income (Loss) from Operations |  | $ | 6,316,069 |  |  | $ | (1,403,361 | )
Basic and Diluted Weighted |  |  |  |  |  |  |  |
Average Shares |  |  |  |  |  |  |  |
Basic |  |  | 130,172,111 |  |  |  | 124,679,534 |
Diluted |  |  | 145,188,786 |  |  |  | 124,679,534 |
Basic and Diluted Income (loss) Per Common Share |  |  |  |  |  |  |  |
Basic |  | $ | 0.05 |  |  | $ | (0.01 | )
Diluted |  | $ | 0.04 |  |  | $ | (0.01 | )
Disaggregation of Revenue | Product and Service Revenue
|  | For the three months ended June 30, (Unaudited) |
|  | 2020 |  |  | 2019 |
SteraMist Product |  | $ | 9,235,000 |  |  | $ | 1,504,000 |
Service and Training |  |  | 793,000 |  |  |  | 135,000 |
Total |  | $ | 10,028,000 |  |  | $ | 1,639,000 |
|  | For the six months ended June 30, (Unaudited) |
|  | 2020 |  |  | 2019 |
SteraMist Product |  | $ | 15,880,000 |  |  | $ | 2,533,000 |
Service and Training |  |  | 1,202,000 |  |  |  | 358,000 |
Total |  | $ | 17,082,000 |  |  | $ | 2,891,000 |
Revenue by Geographic Region
|  | For the three months ended June 30, (Unaudited) |
|  | 2020 |  |  | 2019 |
United States |  | $ | 8,392,000 |  |  | $ | 1,428,000 |
International |  |  | 1,636,000 |  |  |  | 211,000 |
Total |  | $ | 10,028,000 |  |  | $ | 1,639,000 |
|  | For the six months ended June 30, (Unaudited) |
|  | 2020 |  |  | 2019 |
United States |  | $ | 11,961,000 |  |  | $ | 2,563,000 |
International |  |  | 5,121,000 |  |  |  | 328,000 |
Total |  | $ | 17,082,000 |  |  | $ | 2,891,000 |

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