XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of Inventory

Inventory consists of the following:

 

   March 31, 2023
(unaudited)
  

December 31,

2022

 
         
Raw materials  $892,859   $1,207,957 
Work in process   72,041    80,727 
Finished goods   1,195,068    1,077,308 
Rental Equipment   55,893    55,893 
Inventory, net  $2,215,861   $2,421,885 
Schedule of Total Revenue between Related Party and Non-Related Party Revenue

A breakdown of the total revenue between related party and non-related party revenue is as follows:

 

  

March 31, 2023

  

March 31, 2022

 
   (unaudited)   (unaudited) 
Revenues  $1,427,963   $1,701,564 
Revenues - related parties   211,090    273,405 
Total Revenues  $1,639,053   $1,974,969 
Schedule of Related Party and Non-Related Party Royalty Expense

The breakdown of cost of sales to include cost of sales for related party and non-related party as well as the related party and non-related party royalty expense is as follows:

 

  

March 31, 2023

  

March 31, 2022

 
   (unaudited)   (unaudited) 
Cost of revenues  $1,071,068   $1,121,638 
Cost of revenues - related parties   108,925    121,174 
Royalty expense - related parties   10,212    12,789 
Royalty expense   34,823    43,608 
Total cost of revenues  $1,225,028   $1,299,209 
Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

 

Operating Leases 

March 31, 2023

 
   (unaudited) 
Right-of-use assets  $1,057,327 
      
Current lease liabilities  $268,202 
Non-current lease liabilities   792,502 
Total lease liabilities  $1,060,704