BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of revenue & accounts receivable with customers

For the years ended December 31, 2019 and 2018, the Company had the following 10 percent or greater concentrations of revenue with its customers:

	2019			2018
A*		12.0	%		8.0	%
B*		-			15.8	%
All other		88.0	%		76.2	%
Total		100.0	%		100.0	%

At December 31, 2019 and 2018, the Company had the following 10 percent or greater concentrations of accounts receivable with its customers:

	2019			2018
A**		19.2	%		7.2	%
B**		-			38.2	%
C**		-			25.2	%
All other		80.8	%		29.4	%
Total		100.0	%		100.0	%

*Revenues from customer A are derived from a customer located in the United States. Revenues from customer B were derived from a customer located in Sweden which was acquired on October 25, 2019. Please refer to note 10, further details. All other revenues customers were mainly derived from the United States.

**Receivables from customer A are obtained from a customer located in the United States. Receivables from customer B were derived from a customer located in Sweden which was acquired on October 25, 2019. Please refer to note 10, further details. Receivables from customer C pertained to a customer in China which now reflects the change in our China business model to a royalty and licensing framework. 

Schedule of anti-dilutive shares

The effects of dilutive instruments have been presented for the year-to-date net income as of December 31, 2019. Other periods presented do not reflect the dilutive shares, as the effects would be anti-dilutive due to the fact that losses are being reflected for those periods. Please refer to the below table for additional details:

	For the years ended December 31,
	2019		2018
Net income (loss) available to common stockholders	$	9,971,260	$	(11,419,781	)
Adjustments for diluted earnings:
Preferred Stock Dividend		-		213,133
Interest expense on convertible notes		348,493		-
Amortization of discount on notes payable		239,570		-
Diluted net income (loss) available to common stockholders	$	10,559,323	$	(11,206,648	)
Income (Loss) per share:
Basic	$	0.16	$	(0.23	)
Diluted	$	0.16	$	(0.23	)
Weighted average shares outstanding:
Basic		60,761,995		50,050,696
Diluted		64,183,399		50,050,696