Basis of Presentation and Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2020 |
Dec. 31, 2019 |
| Accounting Policies [Abstract] |
|
|
| Summary of Carrying Amount of the Major Classes of Liabilities |
|
The carrying amounts of
the major classes of these liabilities as of December 31, 2019 and 2018 are summarized as follows:
| |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
| 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 |
|
|
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 |
|
| |
|
Conversion feature
derivative liability |
|
| Balance at January 1, 2019 |
|
$ |
- |
|
| Derivative liability |
|
|
65,000 |
|
| Change in fair value included in earnings |
|
|
36,925 |
|
| Balance at March 31, 2019 |
|
$ |
101,925 |
|
| Derivative Liability |
|
|
(65,000 |
) |
| Change in fair value included in earnings |
|
|
(36,925 |
) |
| Balance at December 31, 2019 |
|
$ |
- |
|
|
| Schedule of Dilutive Common Stock Equivalents |
The following are dilutive common stock equivalents
during the nine months ended:
| |
|
September 30,
2020
|
|
|
September 30,
2019
|
|
| Convertible notes payable |
|
|
5,762,056 |
(1) |
|
|
8,050,000 |
(2) |
| Stock Options |
|
|
39,044 |
|
|
|
39,044 |
|
| Stock Warrants |
|
|
4,000 |
|
|
|
4,000 |
|
| Total |
|
|
5,805,100 |
|
|
|
8,093,044 |
|
| |
(1) |
5,762,056 shares of our common stock issuable upon conversion of $1,152,411 of Convertible Notes Payable at a conversion rate of $0.20 per share, as of September 30, 2020, not accounting for 9.99% beneficial ownership limitations. |
| |
(2) |
8,050,000 shares of our common stock issuable upon conversion of $805,000 of Convertible Notes Payable at a conversion rate of $0.10 per share, as of September 30, 2019, not accounting for 4.99% beneficial ownership limitations. |
|
The following are dilutive common stock equivalents
during the year ended:
| |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
| Convertible preferred stock |
|
|
- |
|
|
|
147,649 |
|
| Convertible notes payable (1) |
|
|
8,050,000 |
|
|
|
- |
|
| Stock Options |
|
|
39,044 |
|
|
|
79,044 |
|
| Stock Warrants |
|
|
4,000 |
|
|
|
4,000 |
|
| Total |
|
|
8,093,044 |
|
|
|
230,693 |
|
(1) 8,050,000 shares of our common stock issuable
upon conversion of $805,000 of Convertible Notes Payable as of December 31, 2019, not accounting for 4.99% beneficial ownership
limitations.
|
| Schedule of Adjustment to Net Income (Loss) Available to Common Stockholders |
The following are the adjustment
to the net income (loss) available to common stockholders during the period ended:
| |
|
Nine Months Ended September 30, 2020 |
|
|
Year Ended December 31, 2019 |
|
| Net loss |
|
$ |
(1,358,745 |
) |
|
$ |
(1,379,756 |
) |
| Preferred shares redemption adjustment |
|
$ |
- |
|
|
$ |
201,924 |
|
| Net loss available to common shareholders |
|
|
$ (1, 358,745 ) |
|
|
$ |
(1,177,832 |
) |
| |
|
|
|
|
|
|
|
|
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS |
|
|
|
|
|
|
|
|
| Weighted number of common shares outstanding – basic & diluted |
|
|
495,133 |
|
|
|
106,175 |
|
| Loss applicable to common shareholders per share |
|
$ |
(2.74 |
) |
|
$ |
(11.09 |
) |
|
The following are the adjustment
to the net income (loss) available to common stockholders during the period ended:
| |
|
Year Ended
December 31, 2019 |
|
|
Year Ended
December 31, 2018 |
|
| Net loss |
|
$ |
(1,379,756 |
) |
|
$ |
(1,194,706 |
) |
| Preferred shares redemption adjustment |
|
$ |
201,924 |
|
|
$ |
- |
|
| Net loss available to common shareholders |
|
$ |
(1,177,832 |
) |
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS |
|
|
|
|
|
|
|
|
| Weighted number of common shares outstanding – basic & diluted |
|
|
106,175 |
|
|
|
62,435 |
|
| Loss applicable to common shareholders per share |
|
$ |
(11.09 |
) |
|
$ |
(19.14 |
) |
|