NextPlat Corp Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Carrying Amount of the Major Classes of Liabilities

The carrying amounts of the major classes of these liabilities as of December 31, 2018 and 2017 are summarized as follows:

	December 31, 2018			December 31, 2017
Assets of discontinued operations	$	-		$	-
Liabilities
Accounts payables and accrued expenses	$	(112,397	)	$	(112,397	)
Liabilities of discontinued operations	$	(112,397	)	$	(112,397	)

Schedule of Estimated Useful Life of Property and Equipment

The estimated useful lives of property and equipment are generally as follows:

	Years
Office furniture and fixtures		4
Computer equipment		4
Rental equipment		4
Appliques		10
Website development		2

Schedule of Reconciliation of Derivative Liability Measured at Fair Value

The following table presents a reconciliation of the derivative liability measured at fair value on a recurring basis using significant unobservable input (Level 3) from January 1, 2017 to December 31, 2018:

	Warrant liability
Balance at January 1, 2017	$	1,237

Change in fair value included in earnings		(1,237	)
Balance at December 31, 2017		-
Change in fair value included in earnings		-
Balance at December 31, 2018	$	-

Schedule of Dilutive Common Stock Equivalents

The following are dilutive common stock equivalents during the year ended:

	December 31, 2018		December 31, 2017
Convertible preferred stock		2,214,729		2,006,399
Stock Options		1,185,667		285,667
Stock Warrants		60,000		-
Total		3,460,396		2,292,066