NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

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

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

9 Months Ended

Sep. 30, 2019

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

	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 September 30, 2019	$	-

Schedule of Dilutive Common Stock Equivalents

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

	September 30, 2019		September 30, 2018
Convertible preferred stock		-		147,649
Convertible notes payable (1)		8,050,000		-
Stock options		39,044		21,336
Stock warrants		4,000		4,000
Total		8,093,044		172,985

(1) 8,050,000 shares of our common stock issuable upon conversion of $805,000 of Convertible Notes Payable as of September 30, 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:

	Three Months Ended September 30, 2019			Three Months Ended September 30, 2018			Nine Months Ended September 30, 2019			Nine Months Ended September 30, 2018
Net loss	$	(300,947	)	$	(324,387	)	$	(996,194	)	$	(593,465	)
Preferred shares redemption adjustment	$	-		$	-		$	201,924		$	-
Net loss available to common shareholders	$	-		$	-		$	(794,270	)	$	-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Weighted number of common shares outstanding – basic & diluted		119,876			62,435			91,359			48,294
Loss applicable to common shareholders per share	$	(2.51	)	$	(5.20	)	$	(8.69	)	$	(12.13	)