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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Net Income (Loss) Per Share

		For the Three Months Ended September 30, (Unaudited)
		2021				2020
Net Income (Loss)		$	(486,558	)		$	1,019,300
Net income (loss) attributable to common shareholders		$	(486,558	)		$	1,019,300
Weighted average number of shares of common stock outstanding:
Basic			16,843,045				16,741,622
Diluted			16,843,045				18,593,255
Net income (loss) attributable to common shareholders per share:
Basic		$	(0.03	)		$	0.06
Diluted		$	(0.03	)		$	0.05

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)
		2021				2020
Numerator:
Net Income (Loss)		$	(486,558	)		$	1,019,300
Denominator:
Basic weighted-average shares			16,843,045				16,741,622
Effect of dilutive securities
Warrants			-				1,686,633
Options			-				101,250
Preferred Stock			-				63,750
Diluted Weighted Average Shares			16,843,045				18,593,255
Net Income (Loss) Per Common Share:
Basic		$	(0.03	)		$	0.06
Diluted		$	(0.03	)		$	0.05
Note: Warrants, options and preferred stock for the three months ended September 30, 2021 are not included in the computation of diluted weighted average shares as such inclusion would be anti-dilutive.

		For the Nine Months Ended September 30, (Unaudited)
		2021				2020
Net Income (Loss)		$	(2,775,952	)		$	7,295,478
Adjustments for convertible debt - as converted
Interest on convertible debt			-				40,689
Net income (loss) attributable to common shareholders		$	(2,775,952	)		$	7,366,167
Weighted average number of shares of common stock outstanding:
Basic			16,805,145				16,429,360
Diluted			16,805,145				18,280,993
Net income (loss) attributable to common shareholders per share:
Basic		$	(0.17	)		$	0.45
Diluted		$	(0.17	)		$	0.40

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)
		2021				2020
Numerator:
Net Income (Loss)		$	(2,775,952	)		$	7,295,478
Denominator:
Basic weighted-average shares			16,805,145				16,429,360
Effect of dilutive securities
Warrants			-				1,686,633
Options			-				101,250
Preferred Stock			-				63,750
Diluted Weighted Average Shares			16,805,145				18,280,993
Net Income (Loss) Per Common Share:
Basic		$	(0.17	)		$	0.44
Diluted		$	(0.17	)		$	0.40
Note: Warrants, options and preferred stock for the nine months ended September 30, 2021 are not included in the computation of diluted weighted average shares as such inclusion would be anti-dilutive.

Disaggregation of Revenue

		For the three months ended September 30, (Unaudited)
		2021				2020
SteraMist Product		$	1,657,000			$	3,677,000
Service and Training			548,000				615,000
Total		$	2,205,000			$	4,292,000

Revenue by Geographic Region

		For the three months ended September 30, (Unaudited)
		2021				2020
United States		$	2,028,000			$	3,446,000
International			177,000				846,000
Total		$	2,205,000			$	4,292,000

Product and Service Revenue

		For the nine months ended September 30, (Unaudited)
		2021				2020
SteraMist Product		$	4,329,000			$	19,557,000
Service and Training			1,415,000				1,817,000
Total		$	5,744,000			$	21,374,000

Revenue by Geographic Region

		For the nine months ended September 30, (Unaudited)
		2021				2020
United States		$	5,017,000			$	15,437,000
International			727,000				5,937,000
Total		$	5,744,000			$	21,374,000

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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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