Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Schedule of Inventory

The Company’s inventory at September 30, 2019 and December 31, 2018 was comprised of:


 

 

September 30,
2019

 

 

December 31, 2018

 

 

 

(Unaudited)

 

 

 

 

Finished goods               

 

$

56,637

 

 

$

56,586

 

Raw materials

 

 

111,384

 

 

 

—

 

Inventory

 

$

168,021

 

 

$

56,586

Schedule of Fixed Assets

Fixed assets consist of the following:


 

 

September 30,
2019

 

 

December 31, 2018

 

 

 

(unaudited)

 

 

 

 

Computer equipment

 

$

7,268

 

 

$

13,813

 

Machinery

 

 

578,347

 

 

 

20,000

 

Leasehold improvements

 

 

49,602

 

 

 

—

 

Office furniture and equipment

 

 

62,926

 

 

 

—

 

Website development                  

 

 

27,275

 

 

 

24,775

 

 

 

 

725,418

 

 

 

58,588

 

Accumulated depreciation

 

 

(41,760

)

 

 

(34,888

)

 

 

$

683,658

 

 

$

23,700

Schedule of Dilutive Shares Not Included in Loss Per Share Computation

The following are dilutive shares not included in the loss per share computation:


 

 

September 30,
2019

 

 

December 31, 2018

 

 

 

(unaudited)

 

 

 

 

Options

 

 

5,067,500

 

 

 

2,587,500

 

Warrants

 

 

30,276,190

 

 

 

18,025,000

 

Convertible shares

 

 

—

 

 

 

2,715,897

 

     

 

 

35,343,690

 

 

 

23,328,397