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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
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