Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Securities that could potentially dilute basic earnings per share (“EPS”) in the future that were not included in the computation of the diluted EPS because to do so would have been anti-dilutive for the periods presented, consisted of the following:

	For the Three Months Ended
	March 31, 2020	March 31, 2019
Total potentially dilutive common shares as of:
Stock options to purchase common stock (Note 7)	8,100,500	10,008,001
Series C Convertible Preferred Stock and related accrued dividends (Note 4)	524,736	524,736
Series D Convertible Preferred Stock (Note 5)	3,628,576	3,628,576
Total potentially dilutive common shares	12,253,812	14,161,313

Schedule of Concentration of Credit Risk, Customer as a Percentage of Total Revenues

The following customers accounted for 10% or more of Andrea’s consolidated total revenues during at least one of the periods presented below:

	For the Three Months Ended
	March 31, 2020		March 31, 2019
Customer A	41	%	55	%
Customer B	31	%	*
Customer C	22	%	16	%
Customer D	*		12	%

____________________

* Amounts are less than 10%

Schedule of Inventories

Andrea records changes in inventory reserves as part of cost of product revenues.

	March 31, 2020		December 31, 2019
Raw materials	$	30,143	$	22,254
Finished goods		144,733		187,907
	$	174,876	$	210,161

Schedule of Trade Accounts Payable and Other Current Liabilities

Trade accounts payable and other current liabilities consisted of the following:

	March 31, 2020		December 31, 2019
Trade accounts payable	$	82,959	$	87,524
Payroll and related expenses		37,928		7,788
Patent monetization expenses		108,743		107,605
Current lease liabilities		35,814		47,364
Deferred revenue		33,888		-
Professional and other service fees		125,953		140,277
Total trade accounts payable and other current liabilities	$	425,285	$	390,558