Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the statements of cash flows:

	March 31, 2020		December 31, 2019		March 31, 2019		December 31, 2018
Cash and cash equivalents	$	11,469,455	$	2,708,223	$	6,011,508	$	4,572,487
Restricted cash		185,380		185,380		185,380		164,720
Total cash, cash equivalents and restricted cash in the condensed consolidated statement of cash flows	$	11,654,835	$	2,893,603	$	6,196,888	$	4,737,207

Schedule of Inventories

Inventories are valued using the first-in, first-out method and stated at the lower of cost or net realizable value and consist of the following: 

	March 31, 2020		December 31, 2019
Raw materials and supplies	$	266,444	$	315,542
Work-in-process		22,291		35,080
Finished goods		147,948		122,408
Total	$	436,683	$	473,030

Schedule of Finite-Lived Intangible Assets

Finite-lived intangible assets include trademarks, developed technology and customer relationships and consisted of the following as of March 31, 2020 and December 31, 2019:

						March 31, 2020					December 31, 2019
	Cost		Accumulated Amortization			Impairment			Net Balance		Accumulated Amortization			Net Balance
Trademarks and tradenames	$	461,000		(217,413	)	$	(243,587	)	$	—	$	(205,887	)	$	255,113
Developed technology		458,000		(308,526	)		(149,474	)		—		(292,170	)		165,830
Customer relationships		1,094,000		(736,465	)		(357,535	)		—		(697,393	)		396,607
	$	2,013,000		(1,262,404	)	$	(750,596	)	$	—	$	(1,195,450	)	$	817,550