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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Net Income (Loss) Per Share |
|  | For the Years Ended December 31, |
|  | 2020 |  |  | 2019 |
Net Income (Loss) |  | $ | 4,391,166 |  |  | $ | (2,297,733 | )
Adjustments for convertible debt - as converted |  |  |  |  |  |  |  |
Interest on convertible debt |  |  | 40,689 |  |  |  | 200,000 |
Amortization of debt discount on convertible debt |  |  | - |  |  |  | 17,534 |
Net income (loss) attributable to common shareholders |  | $ | 4,431,855 |  |  | $ | (2,080,199 | )
Weighted average number of shares of common stock outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 16,512,126 |  |  |  | 15,586,258 |
Diluted |  |  | 18,757,509 |  |  |  | 15,586,258 |
Net income (loss) attributable to common shareholders per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | (0.13 | )
Diluted |  | $ | 0.24 |  |  | $ | (0.13 | )
The following provides a reconciliation of the shares used in calculating the per share amounts for the periods presented:
|  | For the Years Ended December 31, |
|  | 2020 |  |  | 2019 |
Numerator: |  |  |  |  |  |
Net Income (Loss) |  | $ | 4,391,166 |  |  | $ | (2,297,733 | )
Denominator: |  |  |  |  |  |  |  |
Basic weighted-average shares |  |  | 16,512,126 |  |  |  | 15, 586,258 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Warrants |  |  | 2,049,133 |  |  |  | - |
Convertible Debt |  |  | - |  |  |  | - |
Options |  |  | 132,500 |  |  |  | - |
Preferred Stock |  |  | 63,750 |  |  |  | - |
Diluted Weighted Average Shares |  |  | 18,757,509 |  |  |  | 15, 586,258 |
Net Income (Loss) Per Common Share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | (0.15 | )
Diluted |  | $ | 0.23 |  |  | $ | (0.15 | )
Note: Warrants, options and preferred stock for the years ended December 31, 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 |  | $ | 4,508,789 |  |  | $ | (2,083,244 | )
Basic and Diluted Weighted Average Shares |  |  |  |  |  |  |  |
Basic |  |  | 16,512,126 |  |  |  | 15, 586,258 |
Diluted |  |  | 18,757,509 |  |  |  | 15, 586,258 |
Basic and Diluted Income (loss) Per Common Share |  |  |  |  |  |  |  |
Basic |  | $ | 0.27 |  |  | $ | (0.13 | )
Diluted |  | $ | 0.24 |  |  | $ | (0.13 | )
Disaggregation of Revenue | Product and Service Revenue
|  | For the Years Ended December 31, |
|  | 2020 |  |  | 2019 |
SteraMist Product |  | $ | 22,971,000 |  |  | $ | 4,999,000 |
Service and Training |  |  | 2,057,000 |  |  |  | 1,348,000 |
Total |  | $ | 25,028,000 |  |  | $ | 6,347,000 |
Revenue by Geographic Region
|  | For the Years Ended December 31, |
|  | 2020 |  |  | 2019 |
United States |  | $ | 18,367,000 |  |  | $ | 5,002,000 |
International |  |  | 6,661,000 |  |  |  | 1,345,000 |
Total |  | $ | 25,028,000 |  |  | $ | 6,347,000 |

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- Definition 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 + Details
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