Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2019

SIGNIFICANT ACCOUNTING POLICIES (Tables)

Schedule of net sales

The following table presents the Company's net sales by product category for the three months ended September 30, 2019 and 2018:

		Three Months Ended
		September 30, 2019				September 30, 2018
Sales/access fees		$	8,150			$	18,760
Distribution rights income			38,411				59,824
Net sales		$	46,561			$	78,584

The following table presents the Company's net sales by product category for the nine months ended September 30, 2019 and 2018:

		Nine Months Ended
		September 30, 2019				September 30, 2018
Sales/access fees		$	22,400			$	122,460
Distribution rights income			155,411				202,522
Net sales		$	177,811			$	324,982

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			(155,411	)
Balance as of September 30, 2019			261,586
Less short term			121,982
Long term		$	139,604

Schedule of computations of weighted average shares outstanding

		September 30, 2019				September 30, 2018
Shares underlying options outstanding			818,630				793,850
Shares underlying warrants outstanding			72,500				70,250
Shares underlying convertible notes outstanding			-				1,875,000
Convertible preferred stock outstanding			240,000				240,000
			1,131,130				2,979,100