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Basis of Accounting: Revenue Recognition (Policies)
12 Months Ended
Dec. 31, 2019
Policies  
Revenue Recognition

Revenue Recognition

Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The company’s main source of revenue comes from online sales with the primary stream coming from Amazon. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue. The Company accrues for warranty costs, sales returns, bad debts, and other allowances based on its historical experience. For the year ended December 31, 2019 and the period January 30, 2018 (inception) through December 31, 2018 we had $35,820 and $9,900 respectively in revenue from the sale of our products.