XML 38 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Valuation reserve deducted from prepaid expenses and other current assets

Description  Balance at
Beginning 
of Year
   Charges to
Loss on Sale
of Subsidiary
   Deductions   Balance at
end of year
 
Valuation reserve deducted from Prepaid Expenses and Other Current Assets:                
Year ended December 31, 2020  $1,770,000   $           -   $(1,770,000)  $- 
Year ended December 31, 2019  $1,770,000   $-   $-   $1,770,000 
Schedule of credit and concentration risks
Customer  Percentage of Sales 
   2020   2019 
         
1   30.4%   34.2%
2   30.3%   30.4%
3   13.2%   * 
4   **    11.4%

 

*Customer was less than 10% of sales at December 31, 2019.
**Customer was less than 10% of sales at December 31, 2020.

   Percentage of Receivables 
   December 31,   December 31, 
Customer  2020   2019 
         
1   57.1%   32.7%
2   12.0%   10.0%
3   11.2%   25.1%

Schedule of calculation of net income (loss) applicable to common stockholders utilized to calculate EPS
  2020   2019 
         
Income (loss) from continuing operations - Basic  $1,326,000   $(2,598,000)
Add: Convertible Note Interest for Potential Note Conversion   499,000    - 
Add: Convertible Note debt discount for Potential Note Conversion   149,000    - 
           
Income (loss) from continuing operations used to calculate diluted earnings per share  $1,974,000   $(2,598,000)
Schedule of earnings per share for continuing operations

   2020   2019 
         
Weighted average shares outstanding used to compute basic earnings per share   30,742,154    28,851,816 
Effect of dilutive stock options and warrants   1,590,000    - 
Effect of dilutive convertible notes payable   4,414,929    - 
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share   36,747,083    28,851,816 
Schedule of anti-dilutive securities

   December 31,
2020
   December 31,
2019
 
         
Stock Options   549,000    800,000 
Warrants   1,909,902    1,903,000 
    2,458,902    2,703,000 

 

   December 31,
2020
   December 31, 
2019
 
         
Stock Options       -    570,000 
Warrants   -    500 
Convertible notes payable   -    5,405,000 
    -    5,975,500