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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Net Income (Loss) Per Share

		For the Three Months Ended September 30, (Unaudited)
		2020				2019
Net Income (Loss)		$	1,019,300			$	(236,813	)
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		$	1,019,300			$	(186,813	)
Weighted average number of shares of common stock outstanding:
Basic			16,741,622				15,588,680
Diluted			18,593,255				15,588,680
Net income (loss) attributable to common shareholders per share:
Basic		$	0.06			$	(0.01	)
Diluted		$	0.05			$	(0.01	)

The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:

		For the Three Months Ended September 30 (Unaudited)
		2020				2019
Numerator:
Net Income (Loss)		$	1,019,300			$	(236,813	)
Denominator:
Basic weighted-average shares			16,741,622				15,588,680
Effect of dilutive securities
Warrants			1,686,633				-
Convertible Debt			-				-
Options			101,250				-
Preferred Stock			63,750				-
Diluted Weighted Average Shares			18,593,255				15,588,680
Net Income (Loss) Per Common Share:
Basic		$	0.06			$	(0.02	)
Diluted		$	0.05			$	(0.02	)

Note: Warrants, options and preferred stock for the three months ended September 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		$	1,096,328			$	(187,586	)
Basic and Diluted Weighted Average Shares
Basic			16,741,922				15,588,680
Diluted			18,593,255				15,588,680
Basic and Diluted Income (loss) Per Common Share
Basic		$	0.07			$	(0.01	)
Diluted		$	0.06			$	(0.01	)

		For the Nine Months Ended September 30, (Unaudited)
		2020				2019
Net Income (Loss)		$	7,295,478			$	(1,756,050	)
Adjustments for convertible debt - as converted
Interest on convertible debt			40,689				150,000
Amortization of debt discount on convertible debt			-				17,534
Net income (loss) attributable to common shareholders		$	7,336,167			$	(1,588,516	)
Weighted average number of shares of common stock outstanding:
Basic			16,429,360				15,585,822
Diluted			18,280,993				15,585,822
Net income (loss) attributable to common shareholders per share:
Basic		$	0.45			$	(0.10	)
Diluted		$	0.40			$	(0.10	)

The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:

		For the Nine Months Ended September 30 (Unaudited)
		2020				2019
Numerator:
Net Income (Loss)		$	7,295,478			$	(1,756,050	)
Denominator:
Basic weighted-average shares			16,429,360				15,585,822
Effect of dilutive securities
Warrants			1,686,633				-
Convertible Debt			-				-
Options			101,250				-
Preferred Stock			63,750				-
Diluted Weighted Average Shares			18,280,993				15,585,822
Net Income (Loss) Per Common Share:
Basic		$	0.44			$	(0.11	)
Diluted		$	0.40			$	(0.11	)

Note: Warrants, options and preferred stock for the nine months ended September 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		$	7,412,397			$	(1,590,948	)
Basic and Diluted Weighted Average Shares
Basic			16,429,360				15,585,822
Diluted			18,280,993				15,585,822
Basic and Diluted Income (loss) Per Common Share
Basic		$	0.45			$	(0.10	)
Diluted		$	0.41			$	(0.10	)

Disaggregation of Revenue

Product and Service Revenue

		For the three months ended September 30, (Unaudited)
		2020				2019
SteraMist Product		$	3,677,000			$	928,000
Service and Training			615,000				672,000
Total		$	4,292,000			$	1,600,000

		For the nine months ended September 30, (Unaudited)
		2020				2019
SteraMist Product		$	19,557,000			$	3,461,000
Service and Training			1,817,000				1,031,000
Total		$	21,374,000			$	4,492,000

Revenue by Geographic Region

		For the three months ended September 30,  (Unaudited)
		2020				2019
United States		$	3,446,000			$	1,288,000
International			846,000				312,000
Total		$	4,292,000			$	1,600,000

		For the nine months ended September 30,  (Unaudited)
		2020				2019
United States		$	15,437,000			$	3,852,000
International			5,937,000				640,000
Total		$	21,374,000			$	4,492,000

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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