Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2019
Significant Accounting Policies Tables Abstract  
Schedule of net sales
    Three months Ended  
   

March 31,

2019

    

March 31,

2018

  
Sales/access fees   $ 6,750     $ 64,200  
Distribution rights income     58,524       83,524  
Net sales   $ 65,274     $ 147,724  
Schedule of changes in deferred revenue
Balance as of December 31, 2018:      
Short term   $ 209,474  
Long term     207,523  
Total as of December 31, 2018   $ 416,997  
Cash payments received     -  
Net sales recognized     (58,524 )
Balance as of March 31, 2019     358,473  
Less short term     161,266  
Long term   $ 197,207  
Schedule of computations of weighted average shares outstanding
   

March 31,

2019

    

March 31,

2018

  
Shares underlying options outstanding     790,350       478,850  
Shares underlying warrants outstanding     85,250       12,750  
Shares underlying convertible notes outstanding     1,312,500       1,312,500  
      2,188,100       1,804,100