Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
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, 2019 to March 31, 2019:

 

      Conversion
feature
derivative
liability 		 
Balance at January 1, 2019     -  
Convertible notes payable – January 18, 2019     65,000  
Change in fair value included in earnings     36,925  
Balance at March 31, 2019   $ 101,925  

Schedule of Dilutive Common Stock Equivalents

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

 

    March 31, 2019     March 31, 2018  
Convertible preferred stock     2,214,729       2,006,399  
Stock options     585,667       285,667  
Stock warrants     60,000       -  
Total     2,860,396       2,292,066