0001206774-20-003072.txt : 20201116 0001206774-20-003072.hdr.sgml : 20201116 20201116171702 ACCESSION NUMBER: 0001206774-20-003072 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 55 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201116 DATE AS OF CHANGE: 20201116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANDREA ELECTRONICS CORP CENTRAL INDEX KEY: 0000006494 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 110482020 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04324 FILM NUMBER: 201318370 BUSINESS ADDRESS: STREET 1: 620 JOHNSON AVENUE SUITE 1-B CITY: BOHEMIA STATE: NY ZIP: 11716 BUSINESS PHONE: (631) 719-1800 MAIL ADDRESS: STREET 1: 620 JOHNSON AVENUE SUITE 1-B CITY: BOHEMIA STATE: NY ZIP: 11716 FORMER COMPANY: FORMER CONFORMED NAME: ANDREA RADIO CORP DATE OF NAME CHANGE: 19911204 10-Q 1 andrea3830911-10q.htm QUARTERLY REPORT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)
☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended September 30, 2020
Or
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from __________ to __________
	Commission file number 001-04324

ANDREA ELECTRONICS CORPORATION
---------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)

New York		11-0482020
State or other jurisdiction of		I.R.S. Employer Identification No.
incorporation or organization

620 Johnson Avenue Suite 1-B, Bohemia, NY		11716
(Address of Principal Executive Offices)		Zip Code

631-719-1800

Registrant’s Telephone Number, Including Area Code

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☐	Accelerated Filer	☐
Non-Accelerated Filer ☐	Smaller Reporting Company	☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, par value $0.01 per share		ANDR		OTC Bulletin Board

Indicate the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of November 9, 2020, there were 68,104,957 common shares outstanding.

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ANDREA ELECTRONICS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30, 2020			December 31, 2019
	(unaudited)
ASSETS

Current assets:
Cash	$	415,253		$	335,790
Accounts receivable, net of allowance for doubtful accounts of $4,789		300,665			378,179
Inventories, net		124,987			210,161
Prepaid expenses and other current assets		72,994			42,446
Total current assets		913,899			966,576

Property and equipment, net		20,142			26,160
Intangible assets, net		217,516			231,123
Other assets, net		42,658			65,612
Total assets	$	1,194,215		$	1,289,471

LIABILITIES AND SHAREHOLDERS’ DEFICIT

Current liabilities:
Trade accounts payable and other current liabilities	$	326,151		$	390,558
Current portion of long-term debt		44,615			-
Accrued Series C Convertible Preferred Stock Dividends		19,168			19,168
Total current liabilities		389,934			409,726

Lease liabilities payable		20,332			15,221
Long-term debt		2,335,843			1,827,509
Total liabilities		2,746,109			2,252,456

Series B Redeemable Convertible Preferred Stock, $.01 par value; authorized: 1,000 shares; issued and outstanding: 0 shares		-			-

Commitments and contingencies

Shareholders’ deficit:
Preferred stock, $.01 par value; authorized: 2,497,500 shares; none issued and outstanding		-			-
Series C Convertible Preferred Stock, net, $.01 par value; authorized: 1,500 shares; issued and outstanding: 11.5 shares; liquidation value: $114,692		-			-
Series D Convertible Preferred Stock, net, $.01 par value; authorized: 2,500,000 shares; issued and outstanding: 907,144 shares; liquidation value: $907,144		9,072			9,072
Common stock, $.01 par value; authorized: 200,000,000 shares; issued and outstanding: 68,104,957 shares		681,050			681,050
Additional paid-in capital		78,086,910			78,086,910
Accumulated deficit		(80,328,926	)		(79,740,017	)

Total shareholders’ deficit		(1,551,894	)		(962,985	)

Total liabilities and shareholders’ deficit	$	1,194,215		$	1,289,471

See Notes to unaudited condensed consolidated interim financial statements.

ANDREA ELECTRONICS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2020			September 30, 2019			September 30, 2020			September 30, 2019
Revenues
Net product revenues	$	384,222		$	374,024		$	970,304		$	1,349,153
License and service related revenues		2,078			8,645			53,962			36,489
Total revenues		386,300			382,669			1,024,266			1,385,642

Cost of product revenues		92,794			100,809			225,134			392,664

Gross margin		293,506			281,860			799,132			992,978

Patent Monetization expenses		39,039			41,897			127,967			155,170

Research and development expenses		132,786			139,137			432,652			425,497

General, administrative and selling expenses		255,313			266,326			776,402			814,262

Operating loss		(133,632	)		(165,500	)		(537,889	)		(401,951	)

Interest expense, net		(16,559	)		(18,397	)		(50,455	)		(52,347	)

Loss from operations before provision for income taxes		(150,191	)		(183,897	)		(588,344	)		(454,298	)

Provision for income taxes		-			351			565			1,673

Net loss	$	(150,191	)	$	(184,248	)	$	(588,909	)	$	(455,971	)

Basic and diluted weighted average shares		68,104,957			68,104,957			68,104,957			68,104,957

Basic and diluted net loss per share	$	(.00	)	$	(.00	)	$	(.01	)	$	(.01	)

See Notes to unaudited condensed consolidated interim financial statements.

ANDREA ELECTRONICS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS’ DEFICIT
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019
(UNAUDITED)

	Series C Convertible Preferred Stock Outstanding	Series C Convertible Preferred Stock		Series D Convertible Preferred Stock Outstanding	Series D Convertible Preferred Stock		Common Stock Outstanding	Common Stock		Additional Paid-In Capital		Accumulated Deficit			Total Shareholders’ Deficit
Balance, January 1, 2019	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,069,200	$	(79,191,451	)	$	(432,129	)
Stock-based Compensation Expense related to Stock Option Grants	-		-	-		-	-		-		4,836		-			4,836
Net loss	-		-	-		-	-		-		-		(197,488	)		(197,488	)
Balance, March 31, 2019	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,074,036	$	(79,388,939	)	$	(624,781	)
Stock-based Compensation Expense related to Stock Option Grants	-		-	-		-	-		-		4,836		-			4,836
Net loss	-		-	-		-	-		-		-		(74,235	)		(74,235	)
Balance, June 30, 2019	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,078,872	$	(79,463,174	)	$	(694,180	)
Stock-based Compensation Expense related to Stock Option Grants	-		-	-		-	-		-		4,836		-			4,836
Net loss	-		-	-		-	-		-		-		(184,248	)		(184,248	)
Balance, September 30, 2019	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,086,910	$	(79,647,422	)	$	(873,592	)

Balance, January 1, 2020	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,086,910	$	(79,740,017	)	$	(962,985	)
Net loss	-		-	-		-	-		-		-		(196,261	)		(196,261	)
Balance, March 31, 2020	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,086,910	$	(79,936,278	)	$	(1,159,246	)
Net loss	-		-	-		-	-		-		-		(242,457	)		(242,457	)
Balance, June 30, 2020	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,086,910	$	(80,178,735	)	$	(1,401,703	)
Net loss	-		-	-		-	-		-		-		(150,191	)		(150,191	)
Balance, September 30, 2020	11.469249	$	-	907,144	$	9,072	68,104,957	$	681,050	$	78,086,910	$	(80,328,926	)	$	(1,551,894	)

See Notes to unaudited condensed consolidated interim financial statements.

ANDREA ELECTRONICS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

	For the Nine Months Ended
	September 30, 2020			September 30, 2019
Cash flows from operating activities:
Net loss	$	(588,909	)	$	(455,971	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		42,787			60,646
Stock based compensation expense		-			14,508
Inventory net realizable adjustment		(4,341	)		(543	)
Provision for income tax withholding		565			1,673
Amortization of right-of-use assets		39,857			33,744
Deferred Interest on PPP and SBA loans		1,648			-
PIK interest, net		50,526			57,256
Change in:
Accounts receivable		76,949			54,869
Inventories		89,515			(73,655	)
Prepaid expenses and other current assets		(30,548	)		39,248
Trade accounts payable and other current liabilities and lease liabilities payable		(76,199	)		(45,939	)
Net cash used in operating activities		(398,150	)		(314,164	)

Cash flows from investing activities:
Purchases of property and equipment		(5,989	)		-
Payments for patents and trademarks		(17,173	)		(9,808	)
Net cash used in investing activities		(23,162	)		(9,808	)

Cash flows from financing activities:
Proceeds from PPP loans		142,775			-
Proceeds from SBA loan		158,000			-
Proceeds from long-term notes		200,000			200,000
Net cash provided by financing activities		500,775			200,000

Net increase (decrease) in cash		79,463			(123,972	)

Cash, beginning of year		335,790			486,521
Cash, end of period	$	415,253		$	362,549

Supplemental disclosures of cash flow information:

Cash paid for:
Income Taxes	$	947		$	2,122

See Notes to unaudited condensed consolidated interim financial statements.

Note 1. Basis of Presentation

Basis of Presentation - The accompanying unaudited condensed consolidated interim financial statements include the accounts of Andrea Electronics Corporation and its subsidiaries (“Andrea” or the “Company”). All intercompany balances and transactions have been eliminated in consolidation.

These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In addition, the December 31, 2019 balance sheet data was derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations of any interim period are not necessarily indicative of the results of operations to be expected for any other interim period or for the fiscal year.

These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2020. The accounting policies used in preparing these unaudited condensed consolidated interim financial statements are consistent with those described in the December 31, 2019 audited consolidated financial statements.

Liquidity – ASC 205-40, “Presentation of Financial statements-Going Concern,” requires management to evaluate whether there are relevant conditions and events that, in the aggregate, raise substantial doubt about the entity’s ability to continue as a going concern and to meet its obligations as they become due within one year after the date that the financial statements are issued. Based upon the evaluation, management believes the Company has the ability to meet its obligations as they become due within the next twelve months from the date of the financial statement issuance.

In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic which continues to spread throughout the United States. In response to the COVID-19 outbreak, “shelter in place” orders and other public health measures were implemented across much of the United States, including the Long Island area, which was considered an epicenter of the outbreak and is where the Company is located.

The COVID-19 global pandemic continues to rapidly evolve. The Company is continually monitoring the outbreak of COVID-19 and the related business and travel restrictions and changes to behavior intended to reduce its spread, and its impact on operations, financial position, cash flows, inventory, supply chains, purchasing trends, customer payments, and the industry in general, in addition to the impact on its employees. Due to the rapid development and fluidity of this situation, the magnitude and duration of the pandemic and its impact on the Company's operations and liquidity is uncertain as of the date of this report. Although the Company has not yet had customers cancel any open orders, some customers have delayed shipments of products into future months, causing the Company’s 2020 product revenues to date to be approximately $300,000 less than the same period in 2019. While there could ultimately be a material impact on future operations and liquidity of the Company, the full impact of COVID-19 cannot be determined.

As previously disclosed, on May 8, 2020, the Company entered into a certain U.S. Small Business Administration Note and Loan Agreement with HSBC Bank USA, N.A. pursuant to which the Company received loan proceeds of $142,775 (the “PPP Loan”). The PPP Loan was made under, and is subject to the terms and conditions of, the Payment Protection Program (“PPP”) which was established under the CARES Act and is administered by the U.S. Small Business Administration. See Note 4 for additional information on the PPP Loan.

On July 13, 2020, the Company entered into a U.S. Small Business Administration Loan Authorization and Agreement pursuant to which the Company received loan proceeds of $150,000 (the “SBA Loan”). The SBA Loan was made under, and is subject to the terms and conditions of, the Economic Injury Disaster Loan Program, which was a program expanded for COVID-19 relief under the CARES Act and is administered by the U.S. Small Business Administration. The term of the SBA Loan is thirty (30) years with a maturity date of July 13, 2050 and the annual interest rate of the SBA Loan is a fixed rate of 3.75%. Under the terms of the CARES Act, the use of loan proceeds for the SBA Loan is limited to alleviating economic injury caused by the COVID-19 pandemic. The Company intends to use the proceeds of the SBA Loan for such purpose. See Note 4 for additional information on the SBA Loan.

The Company’s loss before provision for income taxes was $150,191 and $588,344 for the three and nine months ended September 30, 2020, respectively, of which approximately $27,000 and $95,000, respectively, represents interest, depreciation and amortization expenses. As part of the evaluation, management considered the Company’s cash balance of $415,253 and working capital of $523,965 as of September 30, 2020 as well as the Company’s projected revenues and expenses for the next twelve months. If the Company is not successful in achieving its projected revenues and expenses, it may need to seek other sources of revenue, areas of further expense reduction or additional funding from other sources such as debt or equity raising; however, there is no assurance that the Company would be successful in a debt or equity raise or that such funding would be on terms that it would find acceptable.

Reclassifications – Certain prior period balances have been reclassified in order to conform to the current year presentation. These reclassifications have no effect on previously reported results of operation or loss per share.

Note 2. Summary of Significant Accounting Policies

Loss Per Share - Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss adjusts basic loss earnings per share for the effects of convertible securities, stock options and other potentially dilutive financial instruments, only in the periods in which such effect is dilutive. Diluted loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later).

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 and Nine Months Ended
	September 30, 2020	September 30, 2019
Total potentially dilutive common shares as of:
Stock options to purchase common stock (Note 8)	6,301,500	8,100,500
Series C Convertible Preferred Stock and related accrued dividends (Note 5)	524,736	524,736
Series D Convertible Preferred Stock (Note 6)	3,628,576	3,628,576
Total potentially dilutive common shares	10,454,812	12,253,812

Cash - Cash includes cash and highly liquid investments with original maturities of three months or less. At various times during the periods ended September 30, 2020 and December 31, 2019, the Company had cash deposits in excess of the maximum amounts insured by the Federal Deposit Insurance Corporation. The Company does not believe it is exposed to significant credit risk due to the financial position of the financial institutions in which its deposits are held. At September 30, 2020 and December 31, 2019, the Company’s cash was held at four financial institutions.

Concentration of Credit Risk - 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				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Customer A	36	%	20	%	33	%	45	%
Customer B	28	%	23	%	24	%	16	%
Customer C	11	%	*		*		*
Customer D	*		11	%	*		*
Customer E	*		21	%	15	%	16	%

____________________

*	Amounts are less than 10%

As of September 30, 2020, Customers A, B and C accounted for approximately 39%, 33%, and 22%, respectively, of accounts receivable. As of December 31, 2019, Customers A, C and E accounted for approximately 39%, 17%, and 31%, respectively, of accounts receivable.

Allowance for Doubtful Accounts - The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information. Collections and payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts, which is based upon historical experience as well as specific customer collection issues that have been identified.

While such bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.

Inventories - Inventories are stated at the lower of cost (on a first-in, first-out) or net realizable value. The cost of inventory is based on the respective cost of materials. Andrea reviews its inventory reserve for obsolescence on a quarterly basis and establishes reserves on inventories based on the specific identification method as well as a general reserve. Andrea records changes in inventory reserves as part of cost of product revenues.

	September 30, 2020		December 31, 2019
Raw materials	$	24,908	$	22,254
Finished goods		100,079		187,907
	$	124,987	$	210,161

Long-Lived Assets - Andrea accounts for its long-lived assets in accordance with Accounting Standards Codification (“ASC”) 360 “Property, Plant and Equipment” for purposes of determining and measuring impairment of its long-lived assets (primarily intangible assets) other than goodwill. Andrea’s policy is to periodically review the value assigned to its long-lived assets to determine if they have been permanently impaired by adverse conditions which may affect Andrea whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If Andrea identifies a permanent impairment such that the carrying amount of Andrea’s long lived assets is not recoverable using the sum of an undiscounted cash flow projection (gross margin dollars from product revenues), the impaired asset is adjusted to its estimated fair value, based on an estimate of future discounted cash flows which becomes the new cost basis for the impaired asset. Considerable management judgment is necessary to estimate undiscounted future operating cash flows and fair values and, accordingly, actual results could vary significantly from such estimates. At September 30, 2020 and December 31, 2019, Andrea concluded that intangibles and long-lived assets were not impaired.

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

	September 30, 2020		December 31, 2019
Trade accounts payable	$	51,831	$	87,524
Payroll and related expenses		11,344		7,788
Patent monetization expenses		130,105		107,605
Current lease liabilities		17,341		47,364
Deferred revenue		12,288		-
Professional and other service fees		103,242		140,277
Total trade accounts payable and other current liabilities	$	326,151	$	390,558

Revenue Recognition - The Company recognizes revenue using the following five-step approach:

1.	Identify the contract with a customer.
2.	Identify the performance obligations in the contract.
3.	Determine the transaction price of the contract.
4.	Allocate the transaction price to the performance obligations in the contract.
5.	Recognize revenue when the performance obligations are met or delivered.

This approach includes the evaluation of sales terms, performance obligations, variable consideration, and costs to obtain and fulfill contracts.

The Company disaggregates its revenues into three contract types: (1) product revenues, (2) service related revenues and (3) license revenues and then further disaggregates its revenues by operating segment. Generally, product revenue is comprised of microphones and microphone connectivity product revenues. Product revenue is recognized when the Company satisfies its performance obligation by transferring promised goods to a customer. Product revenue is measured at the transaction price, which is based on the amount of consideration that the Company expects to receive in exchange for transferring the promised goods to the customer. Contracts with customers are comprised of customer purchase orders, invoices and written contracts. Customer product orders are fulfilled at a point in time and not over a period of time. The Company does not have arrangements for returns from customers and does not have any future obligations directly or indirectly related to product resale by customers. The Company has no sales incentive programs. Service related and licensing revenues are recognized based on the terms and conditions of individual contracts using the five step approach listed above, which identifies performance obligations and transaction price. Typically, Andrea receives licensing reports from its licensees approximately one quarter in arrears due to the fact that its agreements require customers to report revenues between 30 to 60 days after the end of the quarter. Under this accounting policy, the licensing revenues reported are not based upon estimates. In addition, service related revenues, which are short-term in nature, are generally performed on a time-and-material basis under separate service arrangements and the corresponding revenue is generally recognized as the services are performed. At September 30, 2020, the Company had $12,288 of deferred revenue, which are advance payments from customers, that are expected to be recognized as revenue within one year and are included in trade accounts payable and other current liabilities in the Company’s consolidated balance sheets. See Note 9 for an additional description of the Company’s reportable business segments and the revenue reported in each segment.

Income Taxes - Andrea accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes, establishes for all entities a minimum threshold for financial statement recognition of the benefit of tax positions, and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax bases of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of September 30, 2020 and December 31, 2019, the Company had recorded a full valuation allowance. Andrea expects it will reduce its valuation allowance in future periods to the extent that it can demonstrate its ability to utilize the assets. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. Income tax expense consists of taxes payable for the period, withholding of income tax as mandated by the foreign jurisdiction in which the revenues are earned and the change during the period in deferred tax assets and liabilities. The Company has identified its federal tax return and its state tax return in New York as “major” tax jurisdictions. Based on the Company’s evaluation, it has concluded that there are no significant uncertain tax positions requiring recognition in the Company’s unaudited condensed consolidated interim financial statements. The Company’s evaluation was performed for the tax years ended 2016 through 2019. The Company believes that its income tax positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position.

Stock-Based Compensation - Andrea accounts for stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation.” ASC 718 establishes accounting for stock-based awards exchanged for employee services. Under the provisions of ASC 718, share-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the employee’s requisite service period (generally the vesting period of the equity grant). The fair value of the Company’s common stock options are estimated using the Black Scholes option-pricing model with the following assumptions: expected volatility, dividend rate, risk free interest rate and the expected life. The Company expenses stock-based compensation by using the straight-line method.

Use of Estimates - The preparation of unaudited condensed consolidated interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements and the reported amounts of revenues and expenses during the reporting period.

Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. The most significant estimates, among other things, are used in accounting for allowances for bad debts, inventory valuation and obsolescence, product warranty, depreciation, deferred income taxes, expected realizable values for assets (primarily intangible assets), contingencies, and revenue recognition as well as the recording and presentation of the Company’s convertible preferred stock. Estimates and assumptions are periodically reviewed and the effects of any material revisions are reflected in the unaudited condensed consolidated interim financial statements in the period that they are determined to be necessary. Actual results could differ from those estimates and assumptions.

Leases – The Company follows the guidance of ASC Topic 842 Leases to account for all of its leasing transactions. This standard requires that a lessee recognize the assets and liabilities that arise from leases. All significant lease arrangements are generally recognized at lease commencement. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at commencement. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short term leases) and the Company recognizes lease expense for these leases as incurred over the lease term. ROU assets represent our right to use an underlying asset during the reasonably certain lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We primarily use our incremental borrowing rate, based on the information available at commencement date, in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments related to initial direct cost and prepayments and excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. See Note 7 for additional lease related disclosure.

Subsequent Events - The Company evaluates events that occurred after the balance sheet date but before the unaudited condensed consolidated interim financial statements are issued. Based upon that evaluation, the Company, except as described, did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated interim financial statements.

Note 3. Revenue Sharing, Note Purchase Agreement and Long-Term Debt

On December 24, 2014, the Company entered into an Amended and Restated Revenue Sharing and Note Purchase Agreement (the “Revenue Sharing Agreement”) with AND34 Funding LLC (“AND34”) (acting as the “Revenue Participants,” the “Note Purchasers,” and the “Collateral Agent”), which was retroactively effective as of February 14, 2014. Under the Revenue Sharing Agreement, the Company granted AND34 a perpetual predetermined share in the rights of the Company’s specified future revenues from patents (“Monetization Revenues”) owned by the Company (the “Patents”) in exchange for $3,500,000, which was fully repaid as of September 30, 2016 and issued certain notes containing the features described in the Revenue Sharing Agreement (the “Notes”), which were repaid in 2016. In 2016, 2017 and 2019, the parties executed and amended a rider to the Revenue Sharing Agreement (the “Rider”) pursuant to which Andrea agreed to issue and sell to AND34 additional Notes up to an aggregate amount of $11,500,000 (the “Additional Notes”), or such greater amount as AND34 may agree to in its sole discretion. The most recent rider executed in 2019 increased the aggregate principal amount from $7,500,000 to $11,500,000. The Additional Notes and related PIK Interest have a maturity date of August 31, 2022. The proceeds of the Additional Notes will be used to pay certain expenses related to the Revenue Sharing Agreement and expenses of the Company incurred in pursuing patent monetization. As of December 31, 2019, there was $1,684,422 of Additional Notes principal and $143,087 PIK Interest outstanding. As of September 30, 2020, there was $1,884,422 of Additional Notes principal and $193,613 PIK Interest outstanding.

Any Monetization Revenues will first be applied 100% to the payment of accrued and unpaid interest on, and then to repay outstanding principal of, the Additional Notes. After the Additional Notes are paid in full, the Monetization Revenues will be allocated amongst the Revenue Participants and the Company in accordance with certain predetermined percentages (based on aggregate amounts received by the Revenue Participants) ranging from 50% to ultimately 20% to the Revenue Participants. Monetization Revenues is defined in the Revenue Sharing Agreement to include, but is not limited to, amounts that the Company receives from third parties with respect to the Patents, which may include new license revenues, certain product revenue, payments and judgments. Monetization Revenues and associated expenses are included in the Company’s Patent Monetization Segment (See Note 9).

The Revenue Sharing Agreement contains many stipulations between the parties regarding the handling of various matters related to the monetization of the Patents including tax treatment. Following an Event of Default under the Revenue Sharing Agreement, the Note Purchasers and Revenue Participants may proceed to protect and enforce their rights by suit or other appropriate proceeding, either for specific performance or the exercise of any power granted under the Revenue Sharing Agreement or ancillary documents including the Additional Notes.

Note 4. Long-Term Debt

On May 8, 2020, the Company entered into a certain U.S. Small Business Administration Note and Loan Agreement with HSBC Bank USA, N.A. pursuant to which the Company received loan proceeds of $142,775 (the “PPP Loan”). The PPP Loan was made under, and is subject to the terms and conditions of, the PPP which was established under the CARES Act and is administered by the U.S. Small Business Administration. The term of the PPP Loan is two years with a maturity date of May 8, 2022 and contains a favorable fixed annual interest rate of 1.00%. Payments of principal and interest on the PPP Loan will be deferred until the SBA has reached a decision on the Company’s loan forgiveness application. Principal and interest are payable monthly and may be prepaid by the Company at any time prior to maturity with no prepayment penalties. Under the terms of the CARES Act, recipients can apply for and receive forgiveness for all or a portion of loans granted under the PPP. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for certain permissible purposes as set forth in the PPP, including, but not limited to, payroll costs (as defined under the PPP) and mortgage interest, rent or utility costs (collectively, “Qualifying Expenses”), and on the maintenance of employee and compensation levels during the eight-week period following the funding of the PPP Loan. The Company used the proceeds of the PPP Loan, for Qualifying Expenses. Although the Company has applied for loan forgiveness of the PPP Loan, there is no assurance that the Company will be granted forgiveness of the PPP Loan in whole or in part.

On July 13, 2020, the Company entered into a U.S. Small Business Administration Loan Authorization and Agreement pursuant to which the Company received loan proceeds of $150,000 (the “SBA Loan”). The SBA Loan was made under, and is subject to the terms and conditions of, the Economic Injury Disaster Loan Program, which was a program expanded for COVID-19 relief under the CARES Act and is administered by the U.S. Small Business Administration. The term of the SBA Loan is thirty (30) years with a maturity date of July 13, 2050 and the annual interest rate of the SBA Loan is a fixed rate of 3.75%. Under the terms of the CARES Act, the use of loan proceeds for the SBA Loan is limited to alleviating economic injury caused by the COVID-19 pandemic. The Company intends to use the proceeds of the SBA Loan for such purpose. While applying for the SBA Loan, the U.S. Small Business Administration advanced $8,000 of loan proceeds on April 30, 2020.

	September 30, 2020		December 31, 2019
Additional Notes (Note 3)	$	1,884,422	$	1,684,422
PIK interest		193,613		143,087
PPP Loan with accrued interest		143,343		-
SBA Loan Advance with accrued interest		158,080		-
Total long-term debt		2,380,458		1,827,509
Less: current maturities of long-term debt		44,615		-
Long-term debt, net of current maturities	$	2,335,843	$	1,827,509

The unpaid principal amount of the Additional Notes (including any PIK Interest) has an interest rate equal to LIBOR (as defined in the Revenue Sharing Agreement) plus 2% per annum, (totaling 3.00% and 4.10% at September 30, 2020 and December 31, 2019, respectively); provided that upon and during the continuance of an Event of Default (as set forth in the Revenue Sharing Agreement), the interest rate will increase an additional 2% per annum. Interest may be paid in cash at the option of the Company and otherwise shall be paid by increasing the principal amount of the Additional Notes by the amount of such interest (“PIK Interest”). The Company may prepay the Additional Notes from time to time in whole or in part, without penalty or premium. During the nine months ended September 30, 2020 and year ended December 31, 2019, $200,000 and $200,000, respectively, of Additional Notes were issued to AND34. As of September 30, 2020, the remaining amount of Additional Notes that could be issued was $3,700,000, subject to certain restrictions and limitations outlined in the Revenue Sharing Agreement. Amounts reported as current maturities of long-term debt reflect amounts expected to be paid in the next twelve months.

Note 5. Series C Redeemable Convertible Preferred Stock

The Series C Convertible Preferred Stock had a stated value of $10,000 plus a $1,671 increase in the stated value, which sum is convertible into Andrea’s common stock at a conversion price of $0.2551. The shares of Series C Convertible Preferred Stock are subject to antidilution provisions, which are triggered in the event of certain stock splits, recapitalizations, or other dilutive transactions. In addition, issuances of common stock at a price below the conversion price of $0.2551, or the issuance of warrants, options, rights, or convertible securities which have an exercise price or conversion price less than that conversion price, other than for certain previously outstanding securities and certain “excluded securities” (as defined in the certificate of amendment), require the adjustment of the conversion price to that lower price at which shares of common stock have been issued or may be acquired. In the event that Andrea issues securities in the future which have a conversion price or exercise price which varies with the market price and the terms of such variable price are more favorable than the conversion price in the Series C Convertible Preferred Stock, the purchasers may elect to substitute the more favorable variable price when making conversions of the Series C Convertible Preferred Stock.

As of September 30, 2020, there were 11.469249 shares of Series C Convertible Preferred Stock outstanding, which were convertible into 524,736 shares of Andrea’s common stock and had remaining accrued dividends of $19,168.

Note 6. Series D Redeemable Convertible Preferred Stock

The Series D Convertible Preferred Stock is convertible into Andrea’s common stock at a conversion price of $0.25 per share. The shares of Series D Convertible Preferred Stock are also subject to antidilution provisions, which are triggered in the event of certain stock splits, recapitalizations, or other dilutive transactions. In addition, issuances of common stock at a price below the conversion price then in effect (currently $0.25), or the issuance of warrants, options, rights, or convertible securities which have an exercise price or conversion price less than that conversion price, other than for certain previously outstanding securities and certain “excluded securities” (as defined in the certificate of amendment), require the adjustment of the conversion price to that lower price at which shares of common stock have been issued or may be acquired. In the event that Andrea issues securities in the future which have a conversion price or exercise price which varies with the market price and the terms of such variable price are more favorable than the conversion price in the Series D Convertible Preferred Stock, the purchasers may elect to substitute the more favorable variable price when making conversions of the Series D Convertible Preferred Stock. In addition, the Company is required to use its best efforts to secure the inclusion for quotation on the Over the Counter Bulletin Board for the common stock issuable under the Series D Convertible Preferred Stock and to arrange for at least two market makers to register with the Financial Industry Regulatory Authority. In the event that the holder of the Series D Convertible Preferred Stock and related warrants is unable to convert these securities into Andrea Common Stock, the Company shall pay to each such holder a Registration Delay Payment (as such term is defined in its certificate of amendment). This payment is to be paid in cash and is equal to the product of (i) the stated value of such shares of Series D Convertible Preferred Stock multiplied by (ii) the product of (1) .0005 multiplied by (2) the number of days that sales cannot be made pursuant to the Registration Statement (excluding any days that may be considered grace periods as defined by the Registration Rights Agreement).

As of September 30, 2020, there were 907,144 shares of Series D Convertible Preferred Stock outstanding which were convertible into 3,628,576 shares of Andrea’s common stock.

Note 7. Commitments And Contingencies

Leases

Effective January 1, 2019, the Company adopted the new lease accounting standard using the modified retrospective method of applying the new standard at the adoption date. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard. This allowed us to carry forward the historical lease classification. Adoption of this standard resulted in the recording of net operating lease right-of-use (“ROU”) assets and corresponding operating lease liabilities of $77,547, with no material cumulative effect adjustment to equity as of the date of adoption. The financial position for reporting periods beginning on or after January 1, 2019 are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance.

Our operating lease portfolio includes corporate offices, information technology (IT) equipment, and automobiles with remaining lease terms of 1 year to 2 years. Operating lease ROU assets are presented within other assets. The current portion of operating lease liabilities are presented within trade accounts payable and other current liabilities, and the non-current portion of operating lease liabilities are presented separately on the accompanying condensed consolidated balance sheet.

Supplemental balance sheet information related to leases was as follows:

Operating Leases
	September 30, 2020
Other Assets	$	37,408

Trade accounts payable and other current liabilities	$	17,341
Lease liabilities payable non-current		20,332
Total operating lease liabilities	$	37,673

Weighted-average remaining lease term		35 months
Weighted-average discount rate		5.5%

As of September 30, 2020, maturities of operating lease liabilities were as follows:

2020 (October 1 – December 31)	$	7,038
2021		15,682
2022		7,703
2023		3,713
2024		3,713
2025		2,475
Total		40,324
Less: interest		(2,651	)
Total Lease Payments	$	37,673

Employee Related Agreements

In August 2014, the Company entered into an employment agreement with Mr. Andrea, which has been subsequently amended several times, most recently on July 31, 2020. The effective date of the original employment agreement was August 1, 2014 and it currently expires on January 31, 2021, subject to renewal as approved by the Compensation Committee of the Board of Directors. Pursuant to his amended employment agreement, Mr. Andrea receives an annual base salary of $216,000. The employment agreement provides for quarterly bonuses equal to 5% of the Company’s pre-bonus net after tax quarterly earnings for a total quarterly bonus amount not to exceed $12,500; and annual bonuses equal to 9% of the Company’s annual pre-bonus net after tax earnings in excess of $300,000 up to $3,000,000, and 3% of the Company’s annual pre-bonus adjusted net after tax earnings in excess of $3,000,000. Adjustments to net after tax earnings shall be made to remove the impact of change in recognition of accumulated deferred tax asset value. All bonuses shall be payable as soon as the Company’s cash flow permits. All bonus determinations or any additional bonus in excess of the above will be made in the sole discretion of the Compensation Committee. Under certain circumstances, Mr. Andrea is entitled to a change in control payment equal to twelve months of Mr. Andrea's most recent Base Salary plus a pro-rated portion of Mr. Andrea's most recent annual and four quarterly bonuses paid immediately preceding the change in control, continuation of health and medical benefits for twelve months and immediate vesting of all stock options in the event of a change in control during the term of his agreement and subsequent termination of his employment within twelve months following the change in control. In the event of his termination without cause or resignation with the Company’s consent, Mr. Andrea is entitled to a severance payment equal to two months of his base salary, plus the two months pro-rated portion of his most recent annual and quarterly bonuses, payment of $12,500, the un-paid bonus for the quarter ended September 30, 2017 and a continuation of health insurance coverage for Mr. Andrea and his dependents for 6 months. At September 30, 2020, the future minimum cash commitments under this agreement aggregate $72,000.

On November 11, 2008, the Company entered into an amended and restated change in control agreement with Corisa L. Guiffre, Vice President, Chief Financial Officer and Assistant Corporate Secretary of the Company. The change in control agreement provides Ms. Guiffre with a severance benefit upon termination in connection with a change in control (as defined in the agreement). If Ms. Guiffre is terminated following a change in control, the Company will pay Ms. Guiffre a sum equal to three times Ms. Guiffre’s average annual compensation for the five preceding taxable years. All restrictions on any restricted stock will lapse immediately and incentive stock options and stock appreciation rights, if any, will become immediately exercisable in the event of a change in control of the Company. Additionally, life, medical, dental and disability coverage and payments will be continued for 36 full calendar months following the date of termination.

Legal Proceedings

In September 2016, the Company filed a complaint with the United States District Court for the Eastern District of New York, alleging patent infringement against Apple Inc. (“Apple”) and requesting monetary and injunctive relief (the “New York Litigation”). The New York Litigation was stayed pending final disposition of a parallel case that the Company filed against Apple with the United States International Trade Commission (“ITC”). The ITC’s final decision finding that Apple did not violate the ITC’s statute was issued on March 22, 2018. Apple informed the New York judge of this final decision on May 30, 2018. The ITC’s final decision does not affect Andrea’s right to continue prosecuting the New York litigation.

In January 2017, Apple filed four (4) petitions for inter partes review (“IPR”) of the Company’s patents asserted in the New York Litigation with the United States Patent and Trademark Office (“PTO”). The Company filed its Patent Owner’s Preliminary Response in two of these IPR proceedings on May 1, 2017. The PTO instituted the four IPR proceedings requested by Apple on July 24, 2017. The Company filed its Patent Owner’s Response in two of these IPR proceedings on November 7, 2017. On March 19, 2018, both the Company and Apple requested oral argument in these two IPR proceedings, which occurred on April 25, 2018. On July 12, 2018, the PTO issued its final written decisions in those two IPR proceedings, ruling that claims 6-9 of the Company’s U.S. Patent No. 6,363,345 remain valid and enforceable after the PTO’s review. On September 13, 2018, Apple filed its Notice of Appeal of that ruling to the United States Court of Appeals for the Federal Circuit (the “Federal Circuit”). Apple filed its Appeal Brief with the Federal Circuit on January 31, 2019. The Company filed its Response to Apple’s Appeal Brief on March 12, 2019. The Federal Circuit held an oral argument on October 1, 2019, during which both the Company and Apple presented arguments through their attorneys. On February 7, 2020, the Federal Circuit issued its decisions on Apple’s appeals. The Federal Circuit affirmed the PTO’s findings in one of the ongoing IPRs. In the other ongoing IPR, the Federal Circuit partly affirmed the PTO’s findings, but also partly vacated the PTO’s findings, and remanded the case back to the PTO for further proceedings. On remand of the ongoing IPR, on October 28, 2020, the PTO found that claims 6-9 of the Company’s U.S. Patent No. 6,363,345 are invalid. The Company intends to appeal this decision to the Federal Circuit

The New York Litigation is stayed pending the final outcome of Apple’s IPR proceedings against the Company’s U.S. Patent No. 6,363,345.

Andrea intends to continue to vigorously prosecute the New York Litigation and the ongoing IPR proceedings.

Note 8. Stock Plans and Stock Based Compensation

In August 2019, the Board adopted the Andrea Electronics Corporation 2019 Equity Compensation Plan (“2019 Plan”), which was subsequently approved by the shareholders on October 24, 2019. The 2019 Plan authorizes the granting of awards, the exercise of which would allow up to an aggregate of 10,000,000 shares of Andrea’s common stock to be acquired by the holders of those awards. Awards can be granted to key employees, officers, directors and consultants. No awards have been granted under the 2019 Plan.

In October 2006, the Board adopted the Andrea Electronics Corporation 2006 Equity Compensation Plan (“2006 Plan”), which was subsequently approved by the shareholders. The 2006 Plan, as amended, authorized the granting of awards, the exercise of which would allow up to an aggregate of 18,000,000 shares of Andrea’s Common Stock to be acquired by the holders of those awards. Awards could be granted to key employees, officers, directors and consultants. As the 2006 Plan has expired as of November 1, 2016, no further awards will be granted under the 2006 Plan.

The stock option awards granted under the 2006 Plan have been granted with an exercise price equal to the market price of the Company’s stock at the date of grant with vesting periods of up to four years and 10-year contractual terms. The fair values of each stock option grant are estimated on the date of grant using the Black-Scholes option-pricing model that uses the weighted-average assumptions noted in the following table. Expected volatilities are based on implied volatilities from historical volatility of the Company’s stock. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

Option activity during the nine months ended September 30, 2020 is summarized as follows:

	Options Outstanding							Options Exercisable
	Options Outstanding		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life	Options Exercisable		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life
At January 1, 2020	8,100,500		$	0.07	$	0.07	4.80 years	8,100,500		$	0.07	$	0.07	4.80 years
Canceled	(1,799,000	)	$	0.11	$	0.11		(1,799,000	)
At September 30, 2020	6,301,500		$	0.06	$	0.06	5.23 years	6,301,500		$	0.06	$	0.06	5.23 years

During the nine months ended September 30, 2020, no options vested, nor were any options exercised or forfeited. Based on the September 30, 2020 fair market value of the Company’s common stock of $0.03 per share, there is no aggregate intrinsic value for the 6,301,500 options outstanding and exercisable.

There was no compensation expense recognized related to stock option awards for the three or nine months ended September 30, 2020. Total compensation expense recognized related to stock option awards was $4,836 and $14,508 for the three and nine months ended September 30, 2019, respectively. In the accompanying unaudited condensed consolidated statement of operations for the three months ended September 30, 2019, $4,269 of compensation expense is included in general, administrative and selling expenses and $567 of compensation expense is included in research and development expenses. In the accompanying unaudited condensed consolidated statement of operations for the nine months ended September 30, 2019, $12,807 of compensation expense is included in general, administrative and selling expenses and $1,701 of compensation expense is included in research and development expenses. As of September 30, 2020, there were no unvested shares or unrecognized compensation cost related to share-based compensation arrangements granted under the 2006 or 2019 Plans.

Note 9. Segment Information

Andrea follows the provisions of ASC 280 “Segment Reporting.” Reportable operating segments are determined based on Andrea’s management approach. The management approach, as defined by ASC 280, is based on the way that the chief operating decision-maker organizes the segments within an enterprise for making operating decisions and assessing performance. While Andrea’s results of operations are primarily reviewed on a consolidated basis, the chief operating decision-maker also manages the enterprise in two segments: (i) Patent Monetization and (ii) Andrea DSP Microphone and Audio Software Products. Patent Monetization includes Monetization Revenues (as defined in our Amended and Restated Revenue Sharing Agreement). Andrea DSP Microphone and Audio Software Products primarily include products based on the use of some, or all, of the following technologies: Andrea Digital Super Directional Array microphone technology (“DSDA”), Andrea Direction Finding and Tracking Array microphone technology (“DFTA”), Andrea PureAudio noise filtering technology, and Andrea EchoStop, an advanced acoustic echo cancellation technology.

The following represents selected unaudited condensed consolidated interim financial information for Andrea’s segments for the three and nine month periods ended September 30, 2020 and 2019 and the fiscal year ended December 31, 2019.

2020 Three Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2020 Three Month Segment Data
Net product revenues	$	-		$	384,222		$	384,222
License revenues		150			1,928			2,078
Operating loss		(92,283	)		(41,349	)		(133,632	)
Depreciation and amortization		3,593			6,664			10,257
Assets		231,209			963,007			1,194,215
Total long lived assets		108,747			161,706			270,452
Payments for patents and trademarks		1,958			1,959			3,917

2019 Three Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Three Month Segment Data
Net product revenues	$	-		$	374,024		$	374,024
Service related revenues		-			3,711			3,711
License revenues		202			4,732			4,934
Operating loss		(97,488	)		(68,012	)		(165,500	)
Depreciation and amortization		5,657			12,887			18,544
Payments for patents and trademarks		2,425			2,425			4,850

December 31, 2019 Year End Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Year End Segment Data
Assets	$	257,685		$	1,031,786		$	1,289,471
Total long lived assets		115,562			202,083			317,645

2020 Nine Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2020 Nine Month Segment Data
Net product revenues	$	-		$	970,304		$	970,304
Service related revenues		-			43,200			43,200
License revenues		452			10,310			10,762
Operating loss		(276,827	)		(261,062	)		(537,889	)
Depreciation and amortization		15,393			27,394			42,787
Purchases of property and equipment		-			5,989			5,989
Payments for patents and trademarks		8,586			8,587			17,173

2019 Nine Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Nine Month Segment Data
Net product revenues	$	-		$	1,349,153		$	1,349,153
Service related revenues		-			17,271			17,271
License revenues		739			18,479			19,218
Operating loss		(314,939	)		(87,012	)		(401,951	)
Depreciation and amortization		19,476			41,170			60,646
Payments for patents and trademarks		4,904			4,904			9,808

Management assesses non-operating income statement data on a consolidated basis only. International revenues are based on the country in which the end-user is located. For the three-month periods ended September 30, 2020 and 2019, total revenues by geographic area were as follows:

Geographic Data	September 30, 2020		September 30, 2019
Total revenues:
United States	$	313,756	$	237,031
Foreign⁽¹⁾		72,544		145,638
	$	386,300	$	382,669

____________________

(1)	Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People’s Republic of China represented 15% of total net revenues for the three months ended September 30, 2019.

For the nine-month periods ended September 30, 2020 and 2019 total revenues by geographic area were as follows:

Geographic Data	September 30, 2020		September 30, 2019
Total revenues:
United States	$	777,284	$	1,038,082
Foreign⁽¹⁾		246,982		347,560
	$	1,024,266	$	1,385,642

____________________

(1)	Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.

As of September 30, 2020 and December 31, 2019, accounts receivable by geographic area were as follows:

Geographic Data	September 30, 2020		December 31, 2019
Accounts receivable:
United States	$	202,944	$	218,935
Foreign		97,721		159,244
	$	300,665	$	378,179

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

We design, develop and manufacture state-of-the-art digital microphone products and noise reduction software that facilitate natural language, human/machine interfaces. Our technologies eliminate unwanted background noise to enable the optimum performance of various speech-based and audio applications. We are incorporated under the laws of the State of New York and have been engaged in the electronic communications industry since 1934. Our patented and patent-pending digital noise canceling technologies enable a speaker to be at a distance from the microphone (we refer to this capability as “far-field” microphone use), and free the speaker from having to use a close talking microphone. We believe that the strength of our intellectual property rights are important to the success of our business. We utilize patent and trade secret protection, confidentiality agreements with customers and partners, disclosure and invention assignment agreements with employees and consultants and other contractual provisions to protect our intellectual property and other proprietary information. As part of our Patent Monetization efforts, we license specific, custom designs to our customers, charging royalties at a fixed amount per product or a percentage of sales, and we intend to vigorously defend and monetize our intellectual property through licensing arrangements and, where necessary, enforcement actions against those entities using our patented solutions in their products.

Our Critical Accounting Policies

Our unaudited condensed consolidated interim financial statements and the notes to our unaudited condensed consolidated interim financial statements contain information that is pertinent to management's discussion and analysis. The preparation of unaudited condensed consolidated interim financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. On a continual basis, management reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results may vary from these estimates and assumptions under different and/or future circumstances. Our significant accounting policies are described in Note 2 of the notes to the audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2019. A discussion of our critical accounting policies and estimates are also included in Note 2. Summary of Significant Accounting Policies in notes to consolidated interim financial statements included elsewhere in this report. Management has discussed the development and selection of these policies with the Audit Committee of the Company’s Board of Directors, and the Audit Committee of the Board of Directors has reviewed the Company’s disclosures of these policies. There have been no material changes to the critical accounting policies or estimates to be disclosed in this Quarterly Report since being reported in the Management’s Discussion and Analysis section of the Annual Report on Form 10-K for the year ended December 31, 2019.

Cautionary Statement Regarding Forward-Looking Statements

This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to:

●	our assumptions, estimates and beliefs regarding the possible effects of the COVID-19 pandemic on general economic conditions, public health and consumer demand, and the Company’s results of operations, liquidity, capital resources and general performance in the future;

●	our ability to obtain financing, including the possible impact of COVID-19 and the limitations in the Revenue Sharing Agreement;

●	our expectations regarding the use of funds from the Company’s PPP Loan and SBA Loan and the potential for forgiveness of the PPP Loan under the terms of the PPP;

●	changes in economic, competitive, governmental, technological and other factors that may affect our business and prospects;

●	our limited cash and our history of losses;

●	our ability to achieve profitability;

●	our ability to continue as a going concern;

●	whether we obtain market acceptance and effectively commercialize our products;

●	the adequacy of protections afforded to us by the patents that we own and the cost of maintaining, enforcing and deeding our patents;

●	receiving an unfavorable ruling in our current litigation proceedings, which may adversely affect our business, results of operations and financial condition;

●	our success at managing the risks involved in the foregoing items; and

●	other factors discussed in this report and our other filings with the SEC.

Additional factors are discussed under “Risk Factors” and in Part I, “Item 1A – Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and under Part II, “Item 1A — Risk Factors” in the Company’s quarterly reports on Form 10-Q. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

Results Of Operations

Three and Nine Months ended September 30, 2020 compared to the Three and Nine Months ended September 30, 2019

Total Revenues

	For the Three Months Ended						For the Nine Months Ended
	September 30,				%		September 30,				%
	2020		2019		Change		2020		2019		Change
Patent Monetization revenues
License revenues	$	150	$	202	(26	)	$	452	$	739	(39	)
Total Patent Monetization revenues		150		202	(26	)		452		739	(39	)

Andrea DSP Microphone and Audio Software Products revenues
Revenue from automotive array microphone products		108,424		30,858	251			268,089		541,556	(51	)	(a)
Revenue from OEM array microphone products		214,220		252,584	(15	)		589,169		610,456	(4	)	(b)
Revenue from customized digital products		32,595		42,864	(24	)		64,318		118,762	(46	)	(c)
All other Andrea DSP Microphone and Audio Software Products revenues		28,983		47,718	(39	)		48,728		78,379	(38	)	(d)
License and service related revenues		1,928		8,443	(77	)		53,510		35,750	50		(e)
Total Andrea DSP Microphone and Audio Software Products revenues		386,150		382,467	1			1,023,814		1,384,903	(26	)

Total revenues	$	386,300	$	382,669	1		$	1,024,266	$	1,385,642	(26	)

In general, the decrease in revenues detailed above are primarily a result of customers delaying shipments of products into future months due to COVID-19. Such product orders have not yet been canceled, but the delay in the shipments of products has caused the Company’s product revenues through September 30, 2020 to be approximately $300,000 less than the same period in 2019.

(a)	The approximate $78,000 increase in revenues from automotive array microphone products for the three months ended September 30, 2020 as compared to the same period in 2019, is the result of timing of sales to integrators of public safety and mass transit vehicle solutions. The approximate $274,000 decrease in revenues from automotive array microphone products for the nine months ended September 30, 2020, as compared to the same period in 2019, is the result of timing because of COVID-19.

(b)	The decreases of approximately $38,000 and $21,000 in revenues from OEM array microphone products for the three and nine months, respectively, ended September 30, 2020, as compared to the same periods in 2019, is related to the timing of purchases from an OEM customer for a customized digital product is the result of timing because of COVID-19.

(c)	The decreases of approximately $10,000 and $54,000 in customized digital products revenue for the three and nine months, respectively, ended September 30, 2020, as compared to the same periods in 2019, is related to the timing of purchases from an OEM customer for a customized digital product.

(d)	The decreases of approximately $19,000 and $30,000 in revenues of all other Andrea DSP Microphone and Audio Software Products for the three and nine months ended September 30, 2020, as compared to the same periods in 2019, is primarily the result of timing in revenues from sales to the China market for audio solutions.

(e)	The approximate $7,000 decrease in license and service related revenues for the three months ended September 30, 2020, as compared to the same period in 2019 is the result of decreases of royalties. The approximate $18,000 increase in license and service related revenues for the nine months ended September 30, 2020 as compared to the same period in 2019, is a result of increases in service related revenue.

Cost of Product Revenues

Cost of product revenues as a percentage of total revenues for the three months ended September 30, 2020 and 2019 was 24% and 26%, respectively. Cost of product revenues as a percentage of total revenues for the nine months ended September 30, 2020 and 2019 was 22% and 28%, respectively. There was no cost of product revenues associated with the Patent Monetization revenues of $150 and $452 for the three and nine months ended September 30, 2020, respectively, nor cost of product revenues associated with the Patent Monetization revenues of $202 and $739, for the three and nine months ended September 30, 2019, respectively. The cost of product revenues as a percentage of total revenues for the three months ended September 30, 2020 for Andrea DSP Microphone and Audio Software Products was 24% compared to 28% for the three months ended September 30, 2019. The cost of product revenues as a percentage of total revenues for the nine months ended September 30, 2020 for Andrea DSP Microphone and Audio Software Products was 22% compared to 26% for the nine months ended September 30, 2019. These changes are primarily the result of the product mix described in “Total Revenues” above.

Patent Monetization Expenses

Patent monetization expenses for the three months ended September 30, 2020 decreased 7% to $39,039 from $41,897 for the three months ended September 30, 2019. Patent monetization expenses for the nine months ended September 30, 2020 decreased 18% to $127,967 from $155,170 for the nine months ended September 30, 2019. These expenses are a result of our continuing efforts to pursue patent monetization including the filing of the complaints disclosed under Part II, Item 1 Legal Proceedings. The decreases in Patent Monetization expenses for the three and nine months ended September 30, 2020 is mainly attributable to the timing of legal services incurred to pursue patent monetization.

Research and Development Expenses

Research and development expenses for the three months ended September 30, 2020 decreased 5% to $132,786 from $139,137 for the three months ended September 30, 2019. Research and development expenses for the nine months ended September 30, 2020 increased 2% to $432,652 from $425,497 for the nine months ended September 30, 2019. The expenses primarily relate to costs associated with the development of new products. For the three months ended September 30, 2020, the decrease in research and development expenses reflects a 36% decrease in our Patent Monetization efforts to $3,593, or 3% of total research and development expenses, and a 3% decrease in our Andrea DSP Microphone and Audio Software Technology efforts to $129,193, or 97% of total research and development expenses. For the nine months ended September 30, 2020, the decrease in research and development expenses reflects a 21% decrease in our Patent Monetization efforts to $15,393, or 4% of total research and development expenses, and a 3% increase in our Andrea DSP Microphone and Audio Software Technology efforts to $417,259, or 96% of total research and development expenses. The changes in our Patent Monetization efforts represent intangible asset amortization expense while the changes in our Andrea DSP Microphone and Audio Software Technology efforts reflect expenses related to our research efforts primarily focused on the pursuit of commercializing a natural language-driven human/machine interface by developing optimal far-field microphone solutions for various voice-driven interfaces, incorporating Andrea’s digital super directional array microphone technology, and certain other related technologies such as noise suppression and stereo acoustic echo cancellation. We believe that continued research and development spending should benefit Andrea in the future.

General, Administrative and Selling Expenses

General, administrative and selling expenses decreased approximately 4% to $255,313 for the three months ended September 30, 2020 from $266,326 for the three months ended September 30, 2019. For the three months ended September 30, 2020, general, administrative and selling expenses related to our Patent Monetization efforts were $49,801, or 20% of the total general, administrative and selling expenses, and general, administrative and selling expenses related to our Andrea DSP Microphone and Audio Software Technology were $205,512, or 80% of total general, administrative and selling expenses. General, administrative and selling expenses decreased approximately 5% to $776,402 for the nine months ended September 30, 2020 from $814,262 for the nine months ended September 30, 2019. For the nine months ended September 30, 2020, general, administrative and selling expenses related to our Patent Monetization efforts were $133,919, or 17% of the total general, administrative and selling expenses, and general, administrative and selling expenses related to our Andrea DSP Microphone and Audio Software Technology were $642,483, or 83% of total general, administrative and selling expenses. These small decreases relate to changes in regular operating expenses.

Interest expense, net

Interest expense, net for the three months ended September 30, 2020 was $16,559 compared to $18,397 for the three months ended September 30, 2019. Interest expense, net for the nine months ended September 30, 2020 was $50,455 compared to $52,347 for the nine months ended September 30, 2019. These small decreases in this line item was attributable to a decrease in interest expense because of a lower interest rate.

Provision for Income Taxes

There was no income tax provision for the three months ended September 30, 2020 compared to a $351 tax provision for the three months ended September 30, 2019. The income tax provision for the nine months ended September 30, 2020 was $565 compared to $1,673 for the nine months ended September 30, 2019. The provision for the three months ended September 30, 2019 and nine months ended September 30, 2020 and 2019 is a result of certain licensing revenues that are subject to withholding of income tax as mandated by the foreign jurisdiction in which the revenues are earned.

Net loss

Net loss for the three months ended September 30, 2020 was $150,191 compared to a net loss of $184,248 for the three months ended September 30, 2019. Net loss for the nine months ended September 30, 2020 was $588,909 compared to a net loss of $455,971 for the nine months ended September 30, 2019. The net loss for the three and nine months ended September 30, 2020 and 2019 principally reflects the factors described above.

Off-Balance Sheet Arrangements

The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Liquidity And Capital Resources

At September 30, 2020, we had cash of $415,253 compared with $335,790 at December 31, 2019. The increase in our cash balance at September 30, 2020 was primarily the result of proceeds of the Additional Notes received in connection with the Revenue Sharing Agreement, the SBA Loan and the PPP Loan partially offset by cash used in operating activities.

Our working capital balance at September 30, 2020 was $523,965 compared to working capital of $556,850 at December 31, 2019. The decrease in working capital reflects a decrease in total current assets of $52,677 and a decrease in total current liabilities of $19,792. The decrease in total current assets reflects an increase in cash of $79,463, a decrease in accounts receivable of $77,514, a decrease in inventories of $85,174 and an increase in prepaid expenses and other current assets of $30,548. The decrease in total current liabilities reflects a decrease in trade accounts payable and other current liabilities of $64,407 partially offset by an increase in the current portion of long-term debt of $44,615.

The increase in cash of $79,463 reflects $398,150 of net cash used in operating activities, $23,162 of net cash used in investing activities and $500,775 of net cash provided by financing activities.

The cash used in operating activities of $398,150, excluding non-cash charges for the nine months ended September 30, 2020, was attributable to a $76,949 decrease in accounts receivable, a $89,515 decrease in inventories, a $30,548 increase in prepaid expenses and other current assets and a $76,199 decrease in trade accounts payable and other current liabilities and lease liabilities payable. The changes in accounts receivable, inventories, prepaid expenses and other current assets and trade accounts payable and other current liabilities and lease liabilities payable primarily reflect differences in the timing related to both the payments for and the acquisition of inventory as well as for other services in connection with ongoing efforts related to Andrea’s various product lines including continuing efforts to pursue patent monetization.

The cash used in investing activities of $23,162 reflects an increase in patents and trademarks of $17,173 and purchases of property and equipment of $5,989. The increase in patents and trademarks reflects capital expenditures associated with our intellectual property. The increase in property and equipment is associated with the purchases of computer equipment. The increase in patents and trademarks reflects capital expenditures associated with our intellectual property.

The cash provided by financing activities of $500,775, reflects $200,000 of proceeds from long-term debt, $158,000 from the SBA Loan and $142,775 from the PPP Loan.

We plan to improve our cash flows by aggressively pursuing monetization of our patents related to our Andrea DSP Microphone Audio Software, increasing the sales of our Andrea DSP Microphone Audio Software Products through the introduction of new products as well as the increased efforts we are putting into our sales and marketing efforts. As of November 9, 2020, Andrea had approximately $400,000 of cash deposits. For discussion regarding management’s evaluation of our ability to meet our obligations as they come due in coming months, see the section titled “Liquidity” in Note 1, Basis of Presentation, of the notes to unaudited condensed consolidated interim financial statements. We cannot provide assurances that demand will continue for any of our products, including future products related to our Andrea DSP Microphone and Audio Software technologies, or, that if such demand does exist, that we will be able to obtain the necessary working capital to increase production and provide marketing resources to meet such demand on favorable terms, or at all.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Andrea’s management, including its principal executive officer and principal financial officer, have evaluated the effectiveness of the Company’s “disclosure controls and procedures,” as such term is defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based upon their evaluation, the principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, Andrea’s disclosure controls and procedures were effective for the purpose of ensuring that the information required to be disclosed in the reports that it files or submits under the Exchange Act with the SEC (1) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) is accumulated and communicated to Andrea’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that all control issues and instances of fraud, if any, within a company have been detected. Andrea’s disclosure controls and procedures are designed to provide reasonable assurance of achieving its objectives.

There have been no changes in the Company’s internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting during the period covered by this Quarterly Report.

PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

In January 2017, Apple filed four (4) petitions for inter partes review (“IPR”) of the Company’s patents asserted in the New York Litigation with the United States Patent and Trademark Office (PTO). The Company filed its Patent Owner’s Preliminary Response in two of these IPR proceedings on May 1, 2017. The PTO instituted the four IPR proceedings requested by Apple on July 24, 2017. The Company filed its Patent Owner’s Response in two of these IPR proceedings on November 7, 2017. On March 19, 2018, both the Company and Apple requested oral argument in these two IPR proceedings, which occurred on April 25, 2018. On July 12, 2018, the PTO issued its final written decisions in those two IPR proceedings, ruling that claims 6-9 of the Company’s U.S. Patent No. 6,363,345 remain valid and enforceable after the PTO’s review. On September 13, 2018, Apple filed its Notice of Appeal of that ruling to the United States Court of Appeals for the Federal Circuit (the “Federal Circuit”). Apple filed its Appeal Brief with the Federal Circuit on January 31, 2019. The Company filed its Response to Apple’s Appeal Brief on March 12, 2019. The Federal Circuit held an oral argument on October 1, 2019, during which both the Company and Apple presented arguments through their attorneys. On February 7, 2020, the Federal Circuit issued its decisions on Apple’s appeals. The Federal Circuit affirmed the PTO’s findings in one of the ongoing IPRs. In the other ongoing IPR, the Federal Circuit partly affirmed the PTO’s findings, but also partly vacated the PTO’s findings, and remanded the case back to the PTO for further proceedings. On remand of the ongoing IPR, on October 28, 2020, the PTO found that claims 6-9 of the Company’s U.S. Patent No. 6,363,345 are invalid. The Company intends to appeal this decision to the Federal Circuit

The New York Litigation is stayed pending the final outcome of Apple’s IPR proceedings against the Company’s U.S. Patent No. 6,363,345.

Andrea intends to continue to vigorously prosecute the New York Litigation and the ongoing IPR proceedings.

ITEM 1A. RISK FACTORS

Risk Factors

Our business may be adversely affected by the recent coronavirus outbreak.

In December 2019, a novel strain of coronavirus (COVID-19) was reported to have surfaced in Wuhan, China. In January 2020, COVID-19 spread to other countries, including the United States, and efforts to contain the spread of this coronavirus intensified. In March 2020, the World Health Organization declared COVID-19 a global pandemic and the United States declared a national emergency with respect to COVID-19. In response to the COVID-19 outbreak, “shelter in place” orders and other public health measures were implemented across much of the United States, including the Long Island area, which was considered an epicenter of the outbreak and is where the Company is located. Due to “shelter in place” orders and other public health guidance measures, the Company has implemented a work-from-home policy for all staff members. The Company’s increased reliance on personnel working from home may negatively impact productivity, or disrupt, delay or otherwise adversely impact the Company’s business, financial condition and results of operation. Although the Company has not yet had any customers cancel any open orders, some customers have delayed shipments of products into future months, causing our 2020 product revenues through September 30, 2020 to be approximately $300,000 less than the same period in 2019.

The COVID-19 global pandemic continues to rapidly evolve. The extent to which the outbreak may affect the Company’s business, financial condition and results of operations will depend on future developments, which are highly uncertain and cannot be predicted at this time, such as the ultimate geographic spread of the disease, the duration of the outbreak, travel restrictions and actions to contain the outbreak or treat its impact, such as social distancing and quarantines or lock-downs in the United States and elsewhere, business closures or business disruptions and the effectiveness of actions taken in the United States and elsewhere to contain and treat the disease. Future developments in these and other areas present material uncertainty and risk with respect to the Company’s business, financial condition and results of operations.

Our business may be adversely affected if there is a default on the PPP Loan and/or the SBA Loan.

The Company entered into a PPP Loan with HSBC Bank USA, N.A. in an aggregate principal amount of $142,775, which was established under the CARES Act. Under the terms of the CARES Act, recipients can apply for and be granted forgiveness for all or a portion of loans granted under the PPP. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for certain permissible purposes as set forth in the PPP, including, but not limited to, payroll costs (as defined under the PPP) and mortgage interest, rent or utility costs and the maintenance of employee and compensation levels. No assurance is provided that the Company will obtain forgiveness of the PPP Loan in whole or in part, particularly in light of the fact that the Small Business Administration has stated that it will issue additional guidance on loan forgiveness; therefore, the Company may be liable for paying the PPP Loan back in full.

The PPP Loan contains customary events of default relating to, among other things, payment defaults or breach of representations and warranties. If the PPP Loan is not forgiven, the Company may default on the PPP Loan and trigger the immediate repayment of all amounts outstanding and/or the Lender filing suit and obtaining judgment against the Company.

Additionally, the Company entered into the SBA Loan pursuant to which the Company received loan proceeds of $150,000. The SBA Loan was made under, and is subject to the terms and conditions of, the Economic Injury Disaster Loan Program, which was a program expanded for COVID-19 relief under the CARES Act and is administered by the U.S. Small Business Administration. The term of the SBA Loan is thirty (30) years with a maturity date of July 13, 2050 and the annual interest rate of the SBA Loan is a fixed rate of 3.75%. Under the terms of the CARES Act, the use of loan proceeds for the SBA Loan is limited to alleviating economic injury caused by the COVID-19 pandemic. The Company intends to use the proceeds of the SBA Loan for such purpose.

While the SBA Loan does not allow for forgiveness like the PPP Loan, there are similar risks of default for the SBA Loan.

Our operating results are subject to significant fluctuation, period-to-period comparisons of our operating results may not necessarily be meaningful and you should not rely on them as indications of our future performance.

Our results of operations have historically been and are subject to continued substantial annual and quarterly fluctuations. The causes of these fluctuations include, among other things:

–	the volume of sales of our products under our collaborative marketing arrangements;

–	the cost of development of our products;

–	the mix of products we sell;

–	the mix of distribution channels we use;

–	the timing of our new product releases and those of our competitors;

–	fluctuations in the computer and communications hardware and software marketplace; and

–	general economic conditions.

We cannot assure that the level of revenues and gross profit, if any, that we achieve in any particular fiscal period will not be significantly lower than in other fiscal periods. Our total revenues for the three months ended September 30, 2020 were $386,300 compared to $382,669 for the three months ended September 30, 2019. Our total revenues for the nine months ended September 30, 2020 were $1,024,266 compared to $1,385,642 for the nine months ended September 30, 2019. Net loss for the three months ended September 30, 2020 was $150,191, or $0.00 loss per share on a basic and diluted basis, compared to a net loss of $184,248, or $0.00 loss per share on a basic and diluted basis for the three months ended September 30, 2019. Net loss for the nine months ended September 30, 2020 was $588,909, or $0.01 loss per share on a basic and diluted basis, compared to a net loss of $455,971, or $0.01 loss per share on a basic and diluted basis for the nine months ended September 30, 2019. We continue to explore opportunities to grow sales in other business areas and vigorously defend and monetize our intellectual property. However, we cannot predict whether such opportunities and defense of our intellectual property will be successful.

Shares Eligible For Future Sale May Have An Adverse Effect On Market Price and Andrea Shareholders May Experience Substantial Dilution.

Sales of a substantial number of shares of our common stock in the public market could have the effect of depressing the prevailing market price of our common stock. Of the 200,000,000 shares of common stock presently authorized, 68,104,957 were outstanding as of November 9, 2020. The number of shares outstanding does not include an aggregate of 20,454,812 shares of common stock that are issuable. This number of issuable common shares is equal to approximately 30% of the 68,104,957 outstanding shares. These issuable common shares are comprised of: a) 6,301,500 shares of our common stock reserved for issuance upon exercise of outstanding awards granted under our 2006 Stock Plan; b) 10,000,000 shares reserved for future grants under our 2019 Plan; c) 524,736 shares of common stock that are issuable upon conversion of the Series C Preferred Stock; and d) 3,628,576 shares of common stock issuable upon conversion of the Series D Preferred Stock.

In addition to the risk factors set forth above and the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A – Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and quarterly reports on Form 10-Q, which could materially affect our business, financial condition or future results. The risks described in this report and in our Annual Report on Form 10-K and quarterly reports on Form 10-Q are not the only risks that we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITY AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

a) Exhibits

Exhibit 31.1 –	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer
Exhibit 31.2 –	Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
Exhibit 32.0 –	Section 1350 Certifications

Exhibit 101.0 –

The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, formatted in XBRL: (i) the Condensed Consolidated Balance Sheets; (ii) Condensed Consolidated Statements of Operations; (iii) Condensed Consolidated Statement of Shareholders’ Deficit; (iv) the Condensed Consolidated Statements of Cash Flows and (v) the Notes to the Condensed Consolidated Financial Statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ANDREA ELECTRONICS CORPORATION
	By:	/s/ DOUGLAS J. ANDREA
		Name: Douglas J. Andrea
		Title: Chairman of the Board, President, Chief
		Executive Officer and Corporate Secretary

Date: November 16, 2020

/s/ DOUGLAS J. ANDREA	Chairman of the Board, President, Chief	November 16, 2020
Douglas J. Andrea	Executive Officer and Corporate Secretary

/s/ CORISA L. GUIFFRE	Vice President, Chief Financial Officer and	November 16, 2020
Corisa L. Guiffre	Assistant Corporate Secretary

EX-31.1 2 andrea3830911-ex311.htm RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER

EXHIBIT 31.1

RULE 13a-14(a)/15d-14(a)
CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Douglas J. Andrea, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Andrea Electronics Corporation;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d - 15(f)) for the registrant and have:


	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	Date: November 16, 2020	/s/ DOUGLAS J. ANDREA
		Douglas J. Andrea
		Chairman of the Board, President, Chief
		Executive Officer and Corporate Secretary

EX-31.2 3 andrea3830911-ex312.htm RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER

EXHIBIT 31.2

RULE 13a-14(a)/15d-14(a)
CHIEF FINANCIAL OFFICER CERTIFICATION

I, Corisa L. Guiffre, certify that:

1.	I have reviewed this report on Form 10-Q of Andrea Electronics Corporation;

2.	Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d - a5(f))for the registrant and have:


	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	Date: November 16, 2020	/s/ CORISA L. GUIFFRE
		Corisa L. Guiffre
		Vice President, Chief Financial Officer and
		Assistant Corporate Secretary

EX-32.0 4 andrea3830911-ex32.htm SECTION 1350 CERTIFICATIONS

EXHIBIT 32.0

SECTION 1350 CERTIFICATIONS

In connection with the Quarterly Report of Andrea Electronics Corporation (the “Company”) on Form 10-Q for the quarter ended September 30, 2020 as filed with the Securities and Exchange Commission (the “Report”), the undersigned certify, pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.

	Date: November 16, 2020	/s/ DOUGLAS J. ANDREA
		Douglas J. Andrea
		Chairman of the Board,
		President, Chief Executive
		Officer and Corporate Secretary

		/s/ CORISA L. GUIFFRE
		Corisa L. Guiffre
		Vice President, Chief Financial
		Officer and Assistant Corporate
		Secretary

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77547 The Company entered into an amended and restated change in control agreement with Corisa L. Guiffre, Vice President, Chief Financial Officer and Assistant Corporate Secretary of the Company. The change in control agreement provides Ms. Guiffre with a severance benefit upon termination in connection with a change in control (as defined in the agreement). If Ms. Guiffre is terminated following a change in control, the Company will pay Ms. Guiffre a sum equal to three times Ms. Guiffre's average annual compensation for the five preceding taxable years. All restrictions on any restricted stock will lapse immediately and incentive stock options and stock appreciation rights, if any, will become immediately exercisable in the event of a change in control of the Company. Additionally, life, medical, dental and disability coverage and payments will be continued for 36 full calendar months following the date of termination.

Mr. Andrea is entitled to a change in control payment equal to twelve months of Mr. Andrea's most recent Base Salary plus a pro-rated portion of Mr. Andrea's most recent annual and four quarterly bonuses paid immediately preceding the change in control, continuation of health and medical benefits for twelve months and immediate vesting of all stock options in the event of a change in control during the term of his agreement and subsequent termination of his employment within twelve months following the change in control. In the event of his termination without cause or resignation with the Company’s consent, Mr. Andrea is entitled to a severance payment equal to two months of his base salary, plus the two months pro-rated portion of his most recent annual and quarterly bonuses, payment of $12,500, the un-paid bonus for the quarter ended September 30, 2017 and a continuation of health insurance coverage for Mr. Andrea and his dependents for 6 months.

The effective date of the original employment agreement was August 1, 2014 and it currently expires on January 31, 2021, subject to renewal as approved by the Compensation Committee of the Board of Directors.

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Note 1. Basis of Presentation Basis of Presentation - The accompanying unaudited condensed consolidated interim financial statements include the accounts of Andrea Electronics Corporation and its subsidiaries (“Andrea” or the “Company”). All intercompany balances and transactions have been eliminated in consolidation. These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In addition, the December 31, 2019 balance sheet data was derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations of any interim period are not necessarily indicative of the results of operations to be expected for any other interim period or for the fiscal year. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2020. The accounting policies used in preparing these unaudited condensed consolidated interim financial statements are consistent with those described in the December 31, 2019 audited consolidated financial statements. Liquidity – ASC 205-40, “Presentation of Financial statements-Going Concern,” requires management to evaluate whether there are relevant conditions and events that, in the aggregate, raise substantial doubt about the entity’s ability to continue as a going concern and to meet its obligations as they become due within one year after the date that the financial statements are issued. Based upon the evaluation, management believes the Company has the ability to meet its obligations as they become due within the next twelve months from the date of the financial statement issuance. In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic which continues to spread throughout the United States. In response to the COVID-19 outbreak, “shelter in place” orders and other public health measures were implemented across much of the United States, including the Long Island area, which was considered an epicenter of the outbreak and is where the Company is located. The COVID-19 global pandemic continues to rapidly evolve. The Company is continually monitoring the outbreak of COVID-19 and the related business and travel restrictions and changes to behavior intended to reduce its spread, and its impact on operations, financial position, cash flows, inventory, supply chains, purchasing trends, customer payments, and the industry in general, in addition to the impact on its employees. Due to the rapid development and fluidity of this situation, the magnitude and duration of the pandemic and its impact on the Company's operations and liquidity is uncertain as of the date of this report. Although the Company has not yet had customers cancel any open orders, some customers have delayed shipments of products into future months, causing the Company’s 2020 product revenues to date to be approximately $300,000 less than the same period in 2019. While there could ultimately be a material impact on future operations and liquidity of the Company, the full impact of COVID-19 cannot be determined. As previously disclosed, on May 8, 2020, the Company entered into a certain U.S. Small Business Administration Note and Loan Agreement with HSBC Bank USA, N.A. pursuant to which the Company received loan proceeds of $142,775 (the “PPP Loan”). The PPP Loan was made under, and is subject to the terms and conditions of, the Payment Protection Program (“PPP”) which was established under the CARES Act and is administered by the U.S. Small Business Administration. See Note 4 for additional information on the PPP Loan. On July 13, 2020, the Company entered into a U.S. Small Business Administration Loan Authorization and Agreement pursuant to which the Company received loan proceeds of $150,000 (the “SBA Loan”). The SBA Loan was made under, and is subject to the terms and conditions of, the Economic Injury Disaster Loan Program, which was a program expanded for COVID-19 relief under the CARES Act and is administered by the U.S. Small Business Administration. The term of the SBA Loan is thirty (30) years with a maturity date of July 13, 2050 and the annual interest rate of the SBA Loan is a fixed rate of 3.75%. Under the terms of the CARES Act, the use of loan proceeds for the SBA Loan is limited to alleviating economic injury caused by the COVID-19 pandemic. The Company intends to use the proceeds of the SBA Loan for such purpose. See Note 4 for additional information on the SBA Loan. The Company’s loss before provision for income taxes was $150,191 and $588,344 for the three and nine months ended September 30, 2020, respectively, of which approximately $27,000 and $95,000, respectively, represents interest, depreciation and amortization expenses. As part of the evaluation, management considered the Company’s cash balance of $415,253 and working capital of $523,965 as of September 30, 2020 as well as the Company’s projected revenues and expenses for the next twelve months. If the Company is not successful in achieving its projected revenues and expenses, it may need to seek other sources of revenue, areas of further expense reduction or additional funding from other sources such as debt or equity raising; however, there is no assurance that the Company would be successful in a debt or equity raise or that such funding would be on terms that it would find acceptable.  Reclassifications – Certain prior period balances have been reclassified in order to conform to the current year presentation. These reclassifications have no effect on previously reported results of operation or loss per share.

Note 2. Summary of Significant Accounting Policies Loss Per Share - Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss adjusts basic loss earnings per share for the effects of convertible securities, stock options and other potentially dilutive financial instruments, only in the periods in which such effect is dilutive. Diluted loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). 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: <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; line-height: normal"> <td style="text-align: left; padding-bottom: 2pt"></td> <td style="white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Three and Nine Months Ended</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 90%; text-align: left; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">       </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 4%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">      </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 4%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="text-align: left">Total potentially dilutive common shares as of:</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Stock options to purchase common stock (Note 8)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">6,301,500</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">8,100,500</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Series C Convertible Preferred Stock and related accrued dividends (Note 5)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">524,736</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">524,736</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Series D Convertible Preferred Stock (Note 6)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">3,628,576</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">3,628,576</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="padding-left: 30pt; text-align: left">Total potentially dilutive common shares</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right">10,454,812</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right">12,253,812</td></tr></table> Cash - Cash includes cash and highly liquid investments with original maturities of three months or less. At various times during the periods ended September 30, 2020 and December 31, 2019, the Company had cash deposits in excess of the maximum amounts insured by the Federal Deposit Insurance Corporation. The Company does not believe it is exposed to significant credit risk due to the financial position of the financial institutions in which its deposits are held. At September 30, 2020 and December 31, 2019, the Company’s cash was held at four financial institutions. Concentration of Credit Risk - The following customers accounted for 10% or more of Andrea’s consolidated total revenues during at least one of the periods presented below: <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; line-height: normal"> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: left"></td> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: right"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Three Months Ended</td> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: center"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Nine Months Ended</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="padding-top: 2pt; white-space: nowrap; text-align: right; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left">Customer A</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           36</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           20</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           33</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           45</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Customer B</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">28</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">23</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">24</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">16</td> <td style="white-space: nowrap; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left">Customer C</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">11</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Customer D</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">11</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left">Customer E</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">21</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">15</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">16</td> <td style="white-space: nowrap; text-align: left">%</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="padding-left: 15pt; vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt">*</td> <td style="vertical-align: top; width: 99%"> Amounts are less than 10%</td></tr></table> As of September 30, 2020, Customers A, B and C accounted for approximately 39%, 33%, and 22%, respectively, of accounts receivable. As of December 31, 2019, Customers A, C and E accounted for approximately 39%, 17%, and 31%, respectively, of accounts receivable. Allowance for Doubtful Accounts - The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information. Collections and payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts, which is based upon historical experience as well as specific customer collection issues that have been identified. While such bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. Inventories - Inventories are stated at the lower of cost (on a first-in, first-out) or net realizable value. The cost of inventory is based on the respective cost of materials. Andrea reviews its inventory reserve for obsolescence on a quarterly basis and establishes reserves on inventories based on the specific identification method as well as a general reserve. Andrea records changes in inventory reserves as part of cost of product revenues. <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 89%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 5%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 4%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 89%; white-space: nowrap; text-align: left">Raw materials</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 4%; white-space: nowrap; text-align: right">24,908</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 3%; white-space: nowrap; text-align: right">22,254</td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left">Finished goods</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 4%; white-space: nowrap; text-align: right">100,079</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 3%; white-space: nowrap; text-align: right">187,907</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 4%; white-space: nowrap; text-align: right">124,987</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 3%; white-space: nowrap; text-align: right">210,161</td></tr></table> Long-Lived Assets - Andrea accounts for its long-lived assets in accordance with Accounting Standards Codification (“ASC”) 360 “Property, Plant and Equipment” for purposes of determining and measuring impairment of its long-lived assets (primarily intangible assets) other than goodwill. Andrea’s policy is to periodically review the value assigned to its long-lived assets to determine if they have been permanently impaired by adverse conditions which may affect Andrea whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If Andrea identifies a permanent impairment such that the carrying amount of Andrea’s long lived assets is not recoverable using the sum of an undiscounted cash flow projection (gross margin dollars from product revenues), the impaired asset is adjusted to its estimated fair value, based on an estimate of future discounted cash flows which becomes the new cost basis for the impaired asset. Considerable management judgment is necessary to estimate undiscounted future operating cash flows and fair values and, accordingly, actual results could vary significantly from such estimates. At September 30, 2020 and December 31, 2019, Andrea concluded that intangibles and long-lived assets were not impaired. Trade accounts payable and other current liabilities - Trade accounts payable and other current liabilities consisted of the following: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 2pt">      </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">      </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Trade accounts payable</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 2%; white-space: nowrap; text-align: right">51,831</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 2%; white-space: nowrap; text-align: right">87,524</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Payroll and related expenses</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">11,344</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">7,788</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Patent monetization expenses</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">130,105</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">107,605</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Current lease liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">17,341</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">47,364</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Deferred revenue</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">12,288</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Professional and other service fees</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right">103,242</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right">140,277</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt">Total trade accounts payable and other current liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$</td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right">326,151</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$</td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right">390,558</td></tr></table> Revenue Recognition - The Company recognizes revenue using the following five-step approach: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">1.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Identify the contract with a customer.</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">2.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Identify the performance obligations in the contract.</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">3.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Determine the transaction price of the contract.</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">4.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Allocate the transaction price to the performance obligations in the contract.</td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">5.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left">Recognize revenue when the performance obligations are met or delivered.</td></tr></table> This approach includes the evaluation of sales terms, performance obligations, variable consideration, and costs to obtain and fulfill contracts. The Company disaggregates its revenues into three contract types: (1) product revenues, (2) service related revenues and (3) license revenues and then further disaggregates its revenues by operating segment. Generally, product revenue is comprised of microphones and microphone connectivity product revenues. Product revenue is recognized when the Company satisfies its performance obligation by transferring promised goods to a customer. Product revenue is measured at the transaction price, which is based on the amount of consideration that the Company expects to receive in exchange for transferring the promised goods to the customer. Contracts with customers are comprised of customer purchase orders, invoices and written contracts. Customer product orders are fulfilled at a point in time and not over a period of time. The Company does not have arrangements for returns from customers and does not have any future obligations directly or indirectly related to product resale by customers. The Company has no sales incentive programs. Service related and licensing revenues are recognized based on the terms and conditions of individual contracts using the five step approach listed above, which identifies performance obligations and transaction price. Typically, Andrea receives licensing reports from its licensees approximately one quarter in arrears due to the fact that its agreements require customers to report revenues between 30 to 60 days after the end of the quarter. Under this accounting policy, the licensing revenues reported are not based upon estimates. In addition, service related revenues, which are short-term in nature, are generally performed on a time-and-material basis under separate service arrangements and the corresponding revenue is generally recognized as the services are performed. At September 30, 2020, the Company had $12,288 of deferred revenue, which are advance payments from customers, that are expected to be recognized as revenue within one year and are included in trade accounts payable and other current liabilities in the Company’s consolidated balance sheets. See Note 9 for an additional description of the Company’s reportable business segments and the revenue reported in each segment. Income Taxes - Andrea accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes, establishes for all entities a minimum threshold for financial statement recognition of the benefit of tax positions, and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax bases of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of September 30, 2020 and December 31, 2019, the Company had recorded a full valuation allowance. Andrea expects it will reduce its valuation allowance in future periods to the extent that it can demonstrate its ability to utilize the assets. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. Income tax expense consists of taxes payable for the period, withholding of income tax as mandated by the foreign jurisdiction in which the revenues are earned and the change during the period in deferred tax assets and liabilities. The Company has identified its federal tax return and its state tax return in New York as “major” tax jurisdictions. Based on the Company’s evaluation, it has concluded that there are no significant uncertain tax positions requiring recognition in the Company’s unaudited condensed consolidated interim financial statements. The Company’s evaluation was performed for the tax years ended 2016 through 2019. The Company believes that its income tax positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position. Stock-Based Compensation - Andrea accounts for stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation.” ASC 718 establishes accounting for stock-based awards exchanged for employee services. Under the provisions of ASC 718, share-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the employee’s requisite service period (generally the vesting period of the equity grant). The fair value of the Company’s common stock options are estimated using the Black Scholes option-pricing model with the following assumptions: expected volatility, dividend rate, risk free interest rate and the expected life. The Company expenses stock-based compensation by using the straight-line method. Use of Estimates - The preparation of unaudited condensed consolidated interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. The most significant estimates, among other things, are used in accounting for allowances for bad debts, inventory valuation and obsolescence, product warranty, depreciation, deferred income taxes, expected realizable values for assets (primarily intangible assets), contingencies, and revenue recognition as well as the recording and presentation of the Company’s convertible preferred stock. Estimates and assumptions are periodically reviewed and the effects of any material revisions are reflected in the unaudited condensed consolidated interim financial statements in the period that they are determined to be necessary. Actual results could differ from those estimates and assumptions. Leases – The Company follows the guidance of ASC Topic 842 Leases to account for all of its leasing transactions. This standard requires that a lessee recognize the assets and liabilities that arise from leases. All significant lease arrangements are generally recognized at lease commencement. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at commencement. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short term leases) and the Company recognizes lease expense for these leases as incurred over the lease term. ROU assets represent our right to use an underlying asset during the reasonably certain lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We primarily use our incremental borrowing rate, based on the information available at commencement date, in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments related to initial direct cost and prepayments and excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. See Note 7 for additional lease related disclosure. Subsequent Events - The Company evaluates events that occurred after the balance sheet date but before the unaudited condensed consolidated interim financial statements are issued. Based upon that evaluation, the Company, except as described, did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated interim financial statements.

Note 3. Revenue Sharing, Note Purchase Agreement and Long-Term Debt On December 24, 2014, the Company entered into an Amended and Restated Revenue Sharing and Note Purchase Agreement (the “Revenue Sharing Agreement”) with AND34 Funding LLC (“AND34”) (acting as the “Revenue Participants,” the “Note Purchasers,” and the “Collateral Agent”), which was retroactively effective as of February 14, 2014. Under the Revenue Sharing Agreement, the Company granted AND34 a perpetual predetermined share in the rights of the Company’s specified future revenues from patents (“Monetization Revenues”) owned by the Company (the “Patents”) in exchange for $3,500,000, which was fully repaid as of September 30, 2016 and issued certain notes containing the features described in the Revenue Sharing Agreement (the “Notes”), which were repaid in 2016. In 2016, 2017 and 2019, the parties executed and amended a rider to the Revenue Sharing Agreement (the “Rider”) pursuant to which Andrea agreed to issue and sell to AND34 additional Notes up to an aggregate amount of $11,500,000 (the “Additional Notes”), or such greater amount as AND34 may agree to in its sole discretion. The most recent rider executed in 2019 increased the aggregate principal amount from $7,500,000 to $11,500,000. The Additional Notes and related PIK Interest have a maturity date of August 31, 2022. The proceeds of the Additional Notes will be used to pay certain expenses related to the Revenue Sharing Agreement and expenses of the Company incurred in pursuing patent monetization. As of December 31, 2019, there was $1,684,422 of Additional Notes principal and $143,087 PIK Interest outstanding. As of September 30, 2020, there was $1,884,422 of Additional Notes principal and $193,613 PIK Interest outstanding. Any Monetization Revenues will first be applied 100% to the payment of accrued and unpaid interest on, and then to repay outstanding principal of, the Additional Notes. After the Additional Notes are paid in full, the Monetization Revenues will be allocated amongst the Revenue Participants and the Company in accordance with certain predetermined percentages (based on aggregate amounts received by the Revenue Participants) ranging from 50% to ultimately 20% to the Revenue Participants. Monetization Revenues is defined in the Revenue Sharing Agreement to include, but is not limited to, amounts that the Company receives from third parties with respect to the Patents, which may include new license revenues, certain product revenue, payments and judgments. Monetization Revenues and associated expenses are included in the Company’s Patent Monetization Segment (See Note 9). The Revenue Sharing Agreement contains many stipulations between the parties regarding the handling of various matters related to the monetization of the Patents including tax treatment. Following an Event of Default under the Revenue Sharing Agreement, the Note Purchasers and Revenue Participants may proceed to protect and enforce their rights by suit or other appropriate proceeding, either for specific performance or the exercise of any power granted under the Revenue Sharing Agreement or ancillary documents including the Additional Notes.

Note 4. Long-Term Debt On May 8, 2020, the Company entered into a certain U.S. Small Business Administration Note and Loan Agreement with HSBC Bank USA, N.A. pursuant to which the Company received loan proceeds of $142,775 (the “PPP Loan”). The PPP Loan was made under, and is subject to the terms and conditions of, the PPP which was established under the CARES Act and is administered by the U.S. Small Business Administration. The term of the PPP Loan is two years with a maturity date of May 8, 2022 and contains a favorable fixed annual interest rate of 1.00%. Payments of principal and interest on the PPP Loan will be deferred until the SBA has reached a decision on the Company’s loan forgiveness application. Principal and interest are payable monthly and may be prepaid by the Company at any time prior to maturity with no prepayment penalties. Under the terms of the CARES Act, recipients can apply for and receive forgiveness for all or a portion of loans granted under the PPP. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for certain permissible purposes as set forth in the PPP, including, but not limited to, payroll costs (as defined under the PPP) and mortgage interest, rent or utility costs (collectively, “Qualifying Expenses”), and on the maintenance of employee and compensation levels during the eight-week period following the funding of the PPP Loan. The Company used the proceeds of the PPP Loan, for Qualifying Expenses. Although the Company has applied for loan forgiveness of the PPP Loan, there is no assurance that the Company will be granted forgiveness of the PPP Loan in whole or in part.  On July 13, 2020, the Company entered into a U.S. Small Business Administration Loan Authorization and Agreement pursuant to which the Company received loan proceeds of $150,000 (the “SBA Loan”). The SBA Loan was made under, and is subject to the terms and conditions of, the Economic Injury Disaster Loan Program, which was a program expanded for COVID-19 relief under the CARES Act and is administered by the U.S. Small Business Administration. The term of the SBA Loan is thirty (30) years with a maturity date of July 13, 2050 and the annual interest rate of the SBA Loan is a fixed rate of 3.75%. Under the terms of the CARES Act, the use of loan proceeds for the SBA Loan is limited to alleviating economic injury caused by the COVID-19 pandemic. The Company intends to use the proceeds of the SBA Loan for such purpose. While applying for the SBA Loan, the U.S. Small Business Administration advanced $8,000 of loan proceeds on April 30, 2020. <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 2%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Additional Notes (Note 3)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,884,422</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,684,422</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left">PIK interest</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">193,613</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right">143,087</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">PPP Loan with accrued interest</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">143,343</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left">SBA Loan Advance with accrued interest</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">158,080</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total long-term debt</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">2,380,458</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,827,509</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left">Less: current maturities of long-term debt</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">44,615</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Long-term debt, net of current maturities</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">2,335,843</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,827,509</td></tr></table> The unpaid principal amount of the Additional Notes (including any PIK Interest) has an interest rate equal to LIBOR (as defined in the Revenue Sharing Agreement) plus 2% per annum, (totaling 3.00% and 4.10% at September 30, 2020 and December 31, 2019, respectively); provided that upon and during the continuance of an Event of Default (as set forth in the Revenue Sharing Agreement), the interest rate will increase an additional 2% per annum. Interest may be paid in cash at the option of the Company and otherwise shall be paid by increasing the principal amount of the Additional Notes by the amount of such interest (“PIK Interest”). The Company may prepay the Additional Notes from time to time in whole or in part, without penalty or premium. During the nine months ended September 30, 2020 and year ended December 31, 2019, $200,000 and $200,000, respectively, of Additional Notes were issued to AND34. As of September 30, 2020, the remaining amount of Additional Notes that could be issued was $3,700,000, subject to certain restrictions and limitations outlined in the Revenue Sharing Agreement. Amounts reported as current maturities of long-term debt reflect amounts expected to be paid in the next twelve months.

Note 5. Series C Redeemable Convertible Preferred Stock The Series C Convertible Preferred Stock had a stated value of $10,000 plus a $1,671 increase in the stated value, which sum is convertible into Andrea’s common stock at a conversion price of $0.2551. The shares of Series C Convertible Preferred Stock are subject to antidilution provisions, which are triggered in the event of certain stock splits, recapitalizations, or other dilutive transactions. In addition, issuances of common stock at a price below the conversion price of $0.2551, or the issuance of warrants, options, rights, or convertible securities which have an exercise price or conversion price less than that conversion price, other than for certain previously outstanding securities and certain “excluded securities” (as defined in the certificate of amendment), require the adjustment of the conversion price to that lower price at which shares of common stock have been issued or may be acquired. In the event that Andrea issues securities in the future which have a conversion price or exercise price which varies with the market price and the terms of such variable price are more favorable than the conversion price in the Series C Convertible Preferred Stock, the purchasers may elect to substitute the more favorable variable price when making conversions of the Series C Convertible Preferred Stock. As of September 30, 2020, there were 11.469249 shares of Series C Convertible Preferred Stock outstanding, which were convertible into 524,736 shares of Andrea’s common stock and had remaining accrued dividends of $19,168. Note 6. Series D Redeemable Convertible Preferred Stock The Series D Convertible Preferred Stock is convertible into Andrea’s common stock at a conversion price of $0.25 per share. The shares of Series D Convertible Preferred Stock are also subject to antidilution provisions, which are triggered in the event of certain stock splits, recapitalizations, or other dilutive transactions. In addition, issuances of common stock at a price below the conversion price then in effect (currently $0.25), or the issuance of warrants, options, rights, or convertible securities which have an exercise price or conversion price less than that conversion price, other than for certain previously outstanding securities and certain “excluded securities” (as defined in the certificate of amendment), require the adjustment of the conversion price to that lower price at which shares of common stock have been issued or may be acquired. In the event that Andrea issues securities in the future which have a conversion price or exercise price which varies with the market price and the terms of such variable price are more favorable than the conversion price in the Series D Convertible Preferred Stock, the purchasers may elect to substitute the more favorable variable price when making conversions of the Series D Convertible Preferred Stock. In addition, the Company is required to use its best efforts to secure the inclusion for quotation on the Over the Counter Bulletin Board for the common stock issuable under the Series D Convertible Preferred Stock and to arrange for at least two market makers to register with the Financial Industry Regulatory Authority. In the event that the holder of the Series D Convertible Preferred Stock and related warrants is unable to convert these securities into Andrea Common Stock, the Company shall pay to each such holder a Registration Delay Payment (as such term is defined in its certificate of amendment). This payment is to be paid in cash and is equal to the product of (i) the stated value of such shares of Series D Convertible Preferred Stock multiplied by (ii) the product of (1) .0005 multiplied by (2) the number of days that sales cannot be made pursuant to the Registration Statement (excluding any days that may be considered grace periods as defined by the Registration Rights Agreement).  As of September 30, 2020, there were 907,144 shares of Series D Convertible Preferred Stock outstanding which were convertible into 3,628,576 shares of Andrea’s common stock.

Note 7. Commitments And Contingencies Leases Effective January 1, 2019, the Company adopted the new lease accounting standard using the modified retrospective method of applying the new standard at the adoption date. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard. This allowed us to carry forward the historical lease classification. Adoption of this standard resulted in the recording of net operating lease right-of-use (“ROU”) assets and corresponding operating lease liabilities of $77,547, with no material cumulative effect adjustment to equity as of the date of adoption. The financial position for reporting periods beginning on or after January 1, 2019 are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance. Our operating lease portfolio includes corporate offices, information technology (IT) equipment, and automobiles with remaining lease terms of 1 year to 2 years. Operating lease ROU assets are presented within other assets. The current portion of operating lease liabilities are presented within trade accounts payable and other current liabilities, and the non-current portion of operating lease liabilities are presented separately on the accompanying condensed consolidated balance sheet. Supplemental balance sheet information related to leases was as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Operating Leases</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 96%; white-space: nowrap; text-align: left; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-top: 2pt; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Other Assets</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">37,408</td></tr> <tr> <td colspan="4" style="width: 99%; background-color: #c0c0c0"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Trade accounts payable and other current liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">17,341</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Lease liabilities payable non-current</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">20,332</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Total operating lease liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">37,673</td></tr> <tr> <td colspan="4" style="width: 99%"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Weighted-average remaining lease term</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #c0c0c0">35 months</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Weighted-average discount rate</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">5.5%</td></tr></table> As of September 30, 2020, maturities of operating lease liabilities were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">2020 (October 1 – December 31)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">     </td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">7,038</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">2021</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">15,682</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">2022</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">7,703</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">2023</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">3,713</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">2024</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">3,713</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">2025</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right">2,475</td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">40,324</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; padding-left: 15pt">Less: interest</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right">(2,651</td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total Lease Payments</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">37,673</td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr></table> Employee Related Agreements In August 2014, the Company entered into an employment agreement with Mr. Andrea, which has been subsequently amended several times, most recently on July 31, 2020. The effective date of the original employment agreement was August 1, 2014 and it currently expires on January 31, 2021, subject to renewal as approved by the Compensation Committee of the Board of Directors. Pursuant to his amended employment agreement, Mr. Andrea receives an annual base salary of $216,000. The employment agreement provides for quarterly bonuses equal to 5% of the Company’s pre-bonus net after tax quarterly earnings for a total quarterly bonus amount not to exceed $12,500; and annual bonuses equal to 9% of the Company’s annual pre-bonus net after tax earnings in excess of $300,000 up to $3,000,000, and 3% of the Company’s annual pre-bonus adjusted net after tax earnings in excess of $3,000,000. Adjustments to net after tax earnings shall be made to remove the impact of change in recognition of accumulated deferred tax asset value. All bonuses shall be payable as soon as the Company’s cash flow permits. All bonus determinations or any additional bonus in excess of the above will be made in the sole discretion of the Compensation Committee. Under certain circumstances, Mr. Andrea is entitled to a change in control payment equal to twelve months of Mr. Andrea's most recent Base Salary plus a pro-rated portion of Mr. Andrea's most recent annual and four quarterly bonuses paid immediately preceding the change in control, continuation of health and medical benefits for twelve months and immediate vesting of all stock options in the event of a change in control during the term of his agreement and subsequent termination of his employment within twelve months following the change in control. In the event of his termination without cause or resignation with the Company’s consent, Mr. Andrea is entitled to a severance payment equal to two months of his base salary, plus the two months pro-rated portion of his most recent annual and quarterly bonuses, payment of $12,500, the un-paid bonus for the quarter ended September 30, 2017 and a continuation of health insurance coverage for Mr. Andrea and his dependents for 6 months. At September 30, 2020, the future minimum cash commitments under this agreement aggregate $72,000.  On November 11, 2008, the Company entered into an amended and restated change in control agreement with Corisa L. Guiffre, Vice President, Chief Financial Officer and Assistant Corporate Secretary of the Company. The change in control agreement provides Ms. Guiffre with a severance benefit upon termination in connection with a change in control (as defined in the agreement). If Ms. Guiffre is terminated following a change in control, the Company will pay Ms. Guiffre a sum equal to three times Ms. Guiffre’s average annual compensation for the five preceding taxable years. All restrictions on any restricted stock will lapse immediately and incentive stock options and stock appreciation rights, if any, will become immediately exercisable in the event of a change in control of the Company. Additionally, life, medical, dental and disability coverage and payments will be continued for 36 full calendar months following the date of termination. Legal Proceedings In September 2016, the Company filed a complaint with the United States District Court for the Eastern District of New York, alleging patent infringement against Apple Inc. (“Apple”) and requesting monetary and injunctive relief (the “New York Litigation”). The New York Litigation was stayed pending final disposition of a parallel case that the Company filed against Apple with the United States International Trade Commission (“ITC”). The ITC’s final decision finding that Apple did not violate the ITC’s statute was issued on March 22, 2018. Apple informed the New York judge of this final decision on May 30, 2018. The ITC’s final decision does not affect Andrea’s right to continue prosecuting the New York litigation. In January 2017, Apple filed four (4) petitions for inter partes review (“IPR”) of the Company’s patents asserted in the New York Litigation with the United States Patent and Trademark Office (“PTO”). The Company filed its Patent Owner’s Preliminary Response in two of these IPR proceedings on May 1, 2017. The PTO instituted the four IPR proceedings requested by Apple on July 24, 2017. The Company filed its Patent Owner’s Response in two of these IPR proceedings on November 7, 2017. On March 19, 2018, both the Company and Apple requested oral argument in these two IPR proceedings, which occurred on April 25, 2018. On July 12, 2018, the PTO issued its final written decisions in those two IPR proceedings, ruling that claims 6-9 of the Company’s U.S. Patent No. 6,363,345 remain valid and enforceable after the PTO’s review. On September 13, 2018, Apple filed its Notice of Appeal of that ruling to the United States Court of Appeals for the Federal Circuit (the “Federal Circuit”). Apple filed its Appeal Brief with the Federal Circuit on January 31, 2019. The Company filed its Response to Apple’s Appeal Brief on March 12, 2019. The Federal Circuit held an oral argument on October 1, 2019, during which both the Company and Apple presented arguments through their attorneys. On February 7, 2020, the Federal Circuit issued its decisions on Apple’s appeals. The Federal Circuit affirmed the PTO’s findings in one of the ongoing IPRs. In the other ongoing IPR, the Federal Circuit partly affirmed the PTO’s findings, but also partly vacated the PTO’s findings, and remanded the case back to the PTO for further proceedings. On remand of the ongoing IPR, on October 28, 2020, the PTO found that claims 6-9 of the Company’s U.S. Patent No. 6,363,345 are invalid. The Company intends to appeal this decision to the Federal Circuit The New York Litigation is stayed pending the final outcome of Apple’s IPR proceedings against the Company’s U.S. Patent No. 6,363,345. Andrea intends to continue to vigorously prosecute the New York Litigation and the ongoing IPR proceedings.

Note 8. Stock Plans and Stock Based Compensation In August 2019, the Board adopted the Andrea Electronics Corporation 2019 Equity Compensation Plan (“2019 Plan”), which was subsequently approved by the shareholders on October 24, 2019. The 2019 Plan authorizes the granting of awards, the exercise of which would allow up to an aggregate of 10,000,000 shares of Andrea’s common stock to be acquired by the holders of those awards. Awards can be granted to key employees, officers, directors and consultants. No awards have been granted under the 2019 Plan. In October 2006, the Board adopted the Andrea Electronics Corporation 2006 Equity Compensation Plan (“2006 Plan”), which was subsequently approved by the shareholders. The 2006 Plan, as amended, authorized the granting of awards, the exercise of which would allow up to an aggregate of 18,000,000 shares of Andrea’s Common Stock to be acquired by the holders of those awards. Awards could be granted to key employees, officers, directors and consultants. As the 2006 Plan has expired as of November 1, 2016, no further awards will be granted under the 2006 Plan.  The stock option awards granted under the 2006 Plan have been granted with an exercise price equal to the market price of the Company’s stock at the date of grant with vesting periods of up to four years and 10-year contractual terms. The fair values of each stock option grant are estimated on the date of grant using the Black-Scholes option-pricing model that uses the weighted-average assumptions noted in the following table. Expected volatilities are based on implied volatilities from historical volatility of the Company’s stock. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Option activity during the nine months ended September 30, 2020 is summarized as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: center"></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="10" style="border-bottom: #000000 1pt solid; width: 10%; white-space: nowrap; text-align: center">Options Outstanding</td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="10" style="border-bottom: #000000 1pt solid; width: 10%; white-space: nowrap; text-align: center">Options Exercisable</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 78%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Options Outstanding</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Exercise Price</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Fair Value</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Remaining Contractual Life</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Options Exercisable</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Exercise Price</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Fair Value</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Remaining Contractual Life</td></tr> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: left; background-color: #c0c0c0">At January 1, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,100,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4.80 years</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,100,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4.80 years</td></tr> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: left">Canceled</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right">      (1,799,000</td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left">)</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">0.11</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">0.11</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right">     (1,799,000</td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left">)</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: left; background-color: #c0c0c0">At September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">6,301,500</td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">5.23 years</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">6,301,500</td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">5.23 years</td></tr></table> During the nine months ended September 30, 2020, no options vested, nor were any options exercised or forfeited. Based on the September 30, 2020 fair market value of the Company’s common stock of $0.03 per share, there is no aggregate intrinsic value for the 6,301,500 options outstanding and exercisable. There was no compensation expense recognized related to stock option awards for the three or nine months ended September 30, 2020. Total compensation expense recognized related to stock option awards was $4,836 and $14,508 for the three and nine months ended September 30, 2019, respectively. In the accompanying unaudited condensed consolidated statement of operations for the three months ended September 30, 2019, $4,269 of compensation expense is included in general, administrative and selling expenses and $567 of compensation expense is included in research and development expenses. In the accompanying unaudited condensed consolidated statement of operations for the nine months ended September 30, 2019, $12,807 of compensation expense is included in general, administrative and selling expenses and $1,701 of compensation expense is included in research and development expenses. As of September 30, 2020, there were no unvested shares or unrecognized compensation cost related to share-based compensation arrangements granted under the 2006 or 2019 Plans.

Note 9. Segment Information Andrea follows the provisions of ASC 280 “Segment Reporting.” Reportable operating segments are determined based on Andrea’s management approach. The management approach, as defined by ASC 280, is based on the way that the chief operating decision-maker organizes the segments within an enterprise for making operating decisions and assessing performance. While Andrea’s results of operations are primarily reviewed on a consolidated basis, the chief operating decision-maker also manages the enterprise in two segments: (i) Patent Monetization and (ii) Andrea DSP Microphone and Audio Software Products. Patent Monetization includes Monetization Revenues (as defined in our Amended and Restated Revenue Sharing Agreement). Andrea DSP Microphone and Audio Software Products primarily include products based on the use of some, or all, of the following technologies: Andrea Digital Super Directional Array microphone technology (“DSDA”), Andrea Direction Finding and Tracking Array microphone technology (“DFTA”), Andrea PureAudio noise filtering technology, and Andrea EchoStop, an advanced acoustic echo cancellation technology. The following represents selected unaudited condensed consolidated interim financial information for Andrea’s segments for the three and nine month periods ended September 30, 2020 and 2019 and the fiscal year ended December 31, 2019. <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 88%; white-space: nowrap; text-align: center">2020 Three Month Segment Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">2020 Three Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">384,222</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">384,222</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">150</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">1,928</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">2,078</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">(92,283</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">(41,349</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">(133,632</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">3,593</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">6,664</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">10,257</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Assets</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">231,209</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">963,007</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,194,215</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Total long lived assets</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">108,747</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">161,706</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">270,452</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,958</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,959</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">3,917</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"> </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 88%; white-space: nowrap; text-align: center">2019 Three Month Segment Data</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">2019 Three Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">374,024</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">374,024</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Service related revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">3,711</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">3,711</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">202</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4,732</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4,934</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(97,488</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(68,012</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(165,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">5,657</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">12,887</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">18,544</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">2,425</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">2,425</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">4,850</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff"> </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 88%; white-space: nowrap; text-align: center">December 31, 2019 Year End Segment Data</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">2019 Year End Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Assets</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">257,685</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,031,786</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,289,471</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Total long lived assets</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">115,562</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">202,083</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">317,645</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff"> </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 88%; white-space: nowrap; text-align: center">2020 Nine Month Segment Data</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">2020 Nine Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">970,304</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">970,304</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Service related revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">43,200</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">43,200</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">452</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">10,310</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">10,762</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(276,827</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(261,062</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(537,889</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">15,393</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">27,394</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">42,787</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Purchases of property and equipment</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">5,989</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">5,989</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,586</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,587</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">17,173</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff"> </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 88%; white-space: nowrap; text-align: center">2019 Nine Month Segment Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">2019 Nine Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$       </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$          </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,349,153</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$             </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,349,153</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Service related revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">-</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">17,271</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">17,271</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">739</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">18,479</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">19,218</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">(314,939</td> <td style="width: 1%; white-space: nowrap; text-align: left">)</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">(87,012</td> <td style="width: 1%; white-space: nowrap; text-align: left">)</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">(401,951</td> <td style="width: 1%; white-space: nowrap; text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">19,476</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">41,170</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">60,646</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">4,904</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">4,904</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">9,808</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr></table> Management assesses non-operating income statement data on a consolidated basis only. International revenues are based on the country in which the end-user is located. For the three-month periods ended September 30, 2020 and 2019, total revenues by geographic area were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt; text-align: center">Geographic Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total revenues:</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt">United States</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">313,756</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">237,031</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 15pt; background-color: #c0c0c0; width: 94%; white-space: nowrap; text-align: left">Foreign(1)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">72,544</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">145,638</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$      </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">386,300</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$      </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">382,669</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="padding-left: 15pt; vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt">(1)</td> <td style="vertical-align: top; width: 99%"> Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People’s Republic of China represented 15% of total net revenues for the three months ended September 30, 2019.</td></tr></table> For the nine-month periods ended September 30, 2020 and 2019 total revenues by geographic area were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt; text-align: center">Geographic Data</td> <td style="width: 1%; white-space: nowrap; text-align: right; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total revenues:</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt">United States</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">777,284</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">1,038,082</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 15pt; background-color: #c0c0c0; width: 94%; white-space: nowrap; text-align: left">Foreign(1)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">246,982</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">347,560</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">1,024,266</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">1,385,642</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt; padding-left: 15pt">(1)</td> <td style="vertical-align: top; width: 99%"> Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.</td></tr></table> As of September 30, 2020 and December 31, 2019, accounts receivable by geographic area were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt; text-align: center">Geographic Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Accounts receivable:</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt">United States</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">202,944</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">218,935</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 15pt; background-color: #c0c0c0; width: 94%; white-space: nowrap; text-align: left">Foreign</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">97,721</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">159,244</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">300,665</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">378,179</td></tr></table>

Loss Per Share - Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss adjusts basic loss earnings per share for the effects of convertible securities, stock options and other potentially dilutive financial instruments, only in the periods in which such effect is dilutive. Diluted loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). 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: <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; line-height: normal"> <td style="text-align: left; padding-bottom: 2pt"></td> <td style="white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Three and Nine Months Ended</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 90%; text-align: left; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">       </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 4%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">      </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 4%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="text-align: left">Total potentially dilutive common shares as of:</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Stock options to purchase common stock (Note 8)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">6,301,500</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">8,100,500</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Series C Convertible Preferred Stock and related accrued dividends (Note 5)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">524,736</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">524,736</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Series D Convertible Preferred Stock (Note 6)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">3,628,576</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">3,628,576</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="padding-left: 30pt; text-align: left">Total potentially dilutive common shares</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right">10,454,812</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right">12,253,812</td></tr></table>

Cash - Cash includes cash and highly liquid investments with original maturities of three months or less. At various times during the periods ended September 30, 2020 and December 31, 2019, the Company had cash deposits in excess of the maximum amounts insured by the Federal Deposit Insurance Corporation. The Company does not believe it is exposed to significant credit risk due to the financial position of the financial institutions in which its deposits are held. At September 30, 2020 and December 31, 2019, the Company’s cash was held at four financial institutions.

Concentration of Credit Risk - The following customers accounted for 10% or more of Andrea’s consolidated total revenues during at least one of the periods presented below: <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; line-height: normal"> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: left"></td> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: right"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Three Months Ended</td> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: center"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Nine Months Ended</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="padding-top: 2pt; white-space: nowrap; text-align: right; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left">Customer A</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           36</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           20</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           33</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           45</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Customer B</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">28</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">23</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">24</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">16</td> <td style="white-space: nowrap; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left">Customer C</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">11</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Customer D</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">11</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left">Customer E</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">21</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">15</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">16</td> <td style="white-space: nowrap; text-align: left">%</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="padding-left: 15pt; vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt">*</td> <td style="vertical-align: top; width: 99%"> Amounts are less than 10%</td></tr></table> As of September 30, 2020, Customers A, B and C accounted for approximately 39%, 33%, and 22%, respectively, of accounts receivable. As of December 31, 2019, Customers A, C and E accounted for approximately 39%, 17%, and 31%, respectively, of accounts receivable.

Allowance for Doubtful Accounts - The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information. Collections and payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts, which is based upon historical experience as well as specific customer collection issues that have been identified. While such bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.

Inventories - Inventories are stated at the lower of cost (on a first-in, first-out) or net realizable value. The cost of inventory is based on the respective cost of materials. Andrea reviews its inventory reserve for obsolescence on a quarterly basis and establishes reserves on inventories based on the specific identification method as well as a general reserve. Andrea records changes in inventory reserves as part of cost of product revenues. <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 89%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 5%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 4%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 89%; white-space: nowrap; text-align: left">Raw materials</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 4%; white-space: nowrap; text-align: right">24,908</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 3%; white-space: nowrap; text-align: right">22,254</td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left">Finished goods</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">100,079</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">187,907</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$     </td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">124,987</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$     </td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">210,161</td></tr></table>

Long-Lived Assets - Andrea accounts for its long-lived assets in accordance with Accounting Standards Codification (“ASC”) 360 “Property, Plant and Equipment” for purposes of determining and measuring impairment of its long-lived assets (primarily intangible assets) other than goodwill. Andrea’s policy is to periodically review the value assigned to its long-lived assets to determine if they have been permanently impaired by adverse conditions which may affect Andrea whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If Andrea identifies a permanent impairment such that the carrying amount of Andrea’s long lived assets is not recoverable using the sum of an undiscounted cash flow projection (gross margin dollars from product revenues), the impaired asset is adjusted to its estimated fair value, based on an estimate of future discounted cash flows which becomes the new cost basis for the impaired asset. Considerable management judgment is necessary to estimate undiscounted future operating cash flows and fair values and, accordingly, actual results could vary significantly from such estimates. At September 30, 2020 and December 31, 2019, Andrea concluded that intangibles and long-lived assets were not impaired.

Trade accounts payable and other current liabilities - Trade accounts payable and other current liabilities consisted of the following: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 2pt">      </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">      </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Trade accounts payable</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 2%; white-space: nowrap; text-align: right">51,831</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 2%; white-space: nowrap; text-align: right">87,524</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Payroll and related expenses</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">11,344</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">7,788</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Patent monetization expenses</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">130,105</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">107,605</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Current lease liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">17,341</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">47,364</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Deferred revenue</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">12,288</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Professional and other service fees</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right">103,242</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; width: 2%; white-space: nowrap; text-align: right">140,277</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt">Total trade accounts payable and other current liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$</td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right">326,151</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$</td> <td style="border-bottom: #000000 2pt double; width: 2%; white-space: nowrap; text-align: right">390,558</td></tr></table>

Revenue Recognition - The Company recognizes revenue using the following five-step approach: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">1.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Identify the contract with a customer.</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">2.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Identify the performance obligations in the contract.</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">3.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Determine the transaction price of the contract.</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2pt; vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">4.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left; padding-bottom: 2pt">Allocate the transaction price to the performance obligations in the contract.</td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; width: 1%; white-space: nowrap; text-align: left; padding-right: 15pt; padding-left: 15pt">5.</td> <td style="vertical-align: top; width: 99%; white-space: nowrap; text-align: left">Recognize revenue when the performance obligations are met or delivered.</td></tr></table> This approach includes the evaluation of sales terms, performance obligations, variable consideration, and costs to obtain and fulfill contracts. The Company disaggregates its revenues into three contract types: (1) product revenues, (2) service related revenues and (3) license revenues and then further disaggregates its revenues by operating segment. Generally, product revenue is comprised of microphones and microphone connectivity product revenues. Product revenue is recognized when the Company satisfies its performance obligation by transferring promised goods to a customer. Product revenue is measured at the transaction price, which is based on the amount of consideration that the Company expects to receive in exchange for transferring the promised goods to the customer. Contracts with customers are comprised of customer purchase orders, invoices and written contracts. Customer product orders are fulfilled at a point in time and not over a period of time. The Company does not have arrangements for returns from customers and does not have any future obligations directly or indirectly related to product resale by customers. The Company has no sales incentive programs. Service related and licensing revenues are recognized based on the terms and conditions of individual contracts using the five step approach listed above, which identifies performance obligations and transaction price. Typically, Andrea receives licensing reports from its licensees approximately one quarter in arrears due to the fact that its agreements require customers to report revenues between 30 to 60 days after the end of the quarter. Under this accounting policy, the licensing revenues reported are not based upon estimates. In addition, service related revenues, which are short-term in nature, are generally performed on a time-and-material basis under separate service arrangements and the corresponding revenue is generally recognized as the services are performed. At September 30, 2020, the Company had $12,288 of deferred revenue, which are advance payments from customers, that are expected to be recognized as revenue within one year and are included in trade accounts payable and other current liabilities in the Company’s consolidated balance sheets. See Note 9 for an additional description of the Company’s reportable business segments and the revenue reported in each segment.

Income Taxes - Andrea accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes, establishes for all entities a minimum threshold for financial statement recognition of the benefit of tax positions, and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax bases of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of September 30, 2020 and December 31, 2019, the Company had recorded a full valuation allowance. Andrea expects it will reduce its valuation allowance in future periods to the extent that it can demonstrate its ability to utilize the assets. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. Income tax expense consists of taxes payable for the period, withholding of income tax as mandated by the foreign jurisdiction in which the revenues are earned and the change during the period in deferred tax assets and liabilities. The Company has identified its federal tax return and its state tax return in New York as “major” tax jurisdictions. Based on the Company’s evaluation, it has concluded that there are no significant uncertain tax positions requiring recognition in the Company’s unaudited condensed consolidated interim financial statements. The Company’s evaluation was performed for the tax years ended 2016 through 2019. The Company believes that its income tax positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position.

Stock-Based Compensation - Andrea accounts for stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation.” ASC 718 establishes accounting for stock-based awards exchanged for employee services. Under the provisions of ASC 718, share-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the employee’s requisite service period (generally the vesting period of the equity grant). The fair value of the Company’s common stock options are estimated using the Black Scholes option-pricing model with the following assumptions: expected volatility, dividend rate, risk free interest rate and the expected life. The Company expenses stock-based compensation by using the straight-line method.

Use of Estimates - The preparation of unaudited condensed consolidated interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. The most significant estimates, among other things, are used in accounting for allowances for bad debts, inventory valuation and obsolescence, product warranty, depreciation, deferred income taxes, expected realizable values for assets (primarily intangible assets), contingencies, and revenue recognition as well as the recording and presentation of the Company’s convertible preferred stock. Estimates and assumptions are periodically reviewed and the effects of any material revisions are reflected in the unaudited condensed consolidated interim financial statements in the period that they are determined to be necessary. Actual results could differ from those estimates and assumptions.

Leases – The Company follows the guidance of ASC Topic 842 Leases to account for all of its leasing transactions. This standard requires that a lessee recognize the assets and liabilities that arise from leases. All significant lease arrangements are generally recognized at lease commencement. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at commencement. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short term leases) and the Company recognizes lease expense for these leases as incurred over the lease term. ROU assets represent our right to use an underlying asset during the reasonably certain lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We primarily use our incremental borrowing rate, based on the information available at commencement date, in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments related to initial direct cost and prepayments and excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. See Note 7 for additional lease related disclosure.

Subsequent Events - The Company evaluates events that occurred after the balance sheet date but before the unaudited condensed consolidated interim financial statements are issued. Based upon that evaluation, the Company, except as described, did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated interim financial statements.

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: <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; line-height: normal"> <td style="text-align: left; padding-bottom: 2pt"></td> <td style="white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Three and Nine Months Ended</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 90%; text-align: left; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">       </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 4%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">      </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 4%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="text-align: left">Total potentially dilutive common shares as of:</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Stock options to purchase common stock (Note 8)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">6,301,500</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">8,100,500</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Series C Convertible Preferred Stock and related accrued dividends (Note 5)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">524,736</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">524,736</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: -15pt; text-align: left; text-indent: 15pt">Series D Convertible Preferred Stock (Note 6)</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">3,628,576</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">3,628,576</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="padding-left: 30pt; text-align: left">Total potentially dilutive common shares</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right">10,454,812</td> <td style="white-space: nowrap; text-align: right"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right">12,253,812</td></tr></table>

The following customers accounted for 10% or more of Andrea’s consolidated total revenues during at least one of the periods presented below: <table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; line-height: normal"> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: left"></td> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: right"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Three Months Ended</td> <td style="padding-bottom: 2pt; white-space: nowrap; text-align: center"></td> <td colspan="5" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">For the Nine Months Ended</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="padding-top: 2pt; white-space: nowrap; text-align: right; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td> <td style="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 80%; white-space: nowrap; text-align: left">Customer A</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           36</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           20</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           33</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 3%; white-space: nowrap; text-align: right">           45</td> <td style="width: 1%; white-space: nowrap; text-align: left">%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Customer B</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">28</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">23</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">24</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">16</td> <td style="white-space: nowrap; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left">Customer C</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">11</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Customer D</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">11</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="white-space: nowrap; text-align: left">Customer E</td> <td style="white-space: nowrap; text-align: right"></td> <td style="white-space: nowrap; text-align: right">*</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">21</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">15</td> <td style="white-space: nowrap; text-align: left">%</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right">16</td> <td style="white-space: nowrap; text-align: left">%</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="padding-left: 15pt; vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt">*</td> <td style="vertical-align: top; width: 99%"> Amounts are less than 10%</td></tr></table>

Andrea records changes in inventory reserves as part of cost of product revenues. <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 89%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 5%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">       </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 4%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 89%; white-space: nowrap; text-align: left">Raw materials</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 4%; white-space: nowrap; text-align: right">24,908</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 3%; white-space: nowrap; text-align: right">22,254</td></tr> <tr style="vertical-align: bottom"> <td style="width: 89%; white-space: nowrap; text-align: left">Finished goods</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">100,079</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">187,907</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 89%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$     </td> <td style="width: 4%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">124,987</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$     </td> <td style="width: 3%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">210,161</td></tr></table>

Trade accounts payable and other current liabilities consisted of the following: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-bottom: 2pt">      </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">      </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Trade accounts payable</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 2%; white-space: nowrap; text-align: right">51,831</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 2%; white-space: nowrap; text-align: right">87,524</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Payroll and related expenses</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">11,344</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">7,788</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Patent monetization expenses</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">130,105</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">107,605</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Current lease liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">17,341</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">47,364</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left">Deferred revenue</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">12,288</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 2%; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="width: 92%; white-space: nowrap; text-align: left">Professional and other service fees</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">103,242</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">140,277</td></tr> <tr style="vertical-align: bottom; background-color: Silver"> <td style="width: 92%; white-space: nowrap; text-align: left; padding-left: 15pt">Total trade accounts payable and other current liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$</td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">326,151</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$</td> <td style="width: 2%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">390,558</td></tr></table>

<table cellspacing="0" cellpadding="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 100%"> <tr style="line-height: normal; vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; padding-bottom: 2pt"></td> <td style="padding-bottom: 2pt; background-color: #ffffff; white-space: nowrap; text-align: center">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0; width: 94%">Additional Notes (Note 3)</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0; width: 1%"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0; width: 1%">$</td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0; width: 1%">1,884,422</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0; width: 1%"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0; width: 1%">$</td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0; width: 1%">1,684,422</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">PIK interest</td> <td style="white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: right; background-color: #ffffff">193,613</td> <td style="white-space: nowrap; text-align: left"></td> <td style="white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="white-space: nowrap; text-align: right">143,087</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0">PPP Loan with accrued interest</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0">143,343</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">SBA Loan Advance with accrued interest</td> <td style="white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right; background-color: #ffffff">158,080</td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0">Total long-term debt</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0">2,380,458</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="white-space: nowrap; text-align: right; background-color: #c0c0c0">1,827,509</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left">Less: current maturities of long-term debt</td> <td style="white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right; background-color: #ffffff">44,615</td> <td style="white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="border-bottom: #000000 1pt solid; white-space: nowrap; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0">Long-term debt, net of current maturities</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right; background-color: #c0c0c0">2,335,843</td> <td style="white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="border-bottom: #000000 2pt double; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,827,509</td></tr> </table>

Supplemental balance sheet information related to leases was as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Operating Leases</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 96%; white-space: nowrap; text-align: left; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: left; padding-top: 2pt; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">September 30, 2020</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Other Assets</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0">37,408</td></tr> <tr> <td colspan="4" style="width: 99%; background-color: #c0c0c0"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Trade accounts payable and other current liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">17,341</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Lease liabilities payable non-current</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid; background-color: #c0c0c0">20,332</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Total operating lease liabilities</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double">37,673</td></tr> <tr> <td colspan="4" style="width: 99%"> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Weighted-average remaining lease term</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #c0c0c0">35 months</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">Weighted-average discount rate</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">5.5%</td></tr></table>

As of September 30, 2020, maturities of operating lease liabilities were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">2020 (October 1 – December 31)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">     </td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">7,038</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">2021</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">15,682</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">2022</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">7,703</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">2023</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right">3,713</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">2024</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">3,713</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left">2025</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">2,475</td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">40,324</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; padding-left: 15pt">Less: interest</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">(2,651</td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 96%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total Lease Payments</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0">37,673</td></tr></table>

Option activity during the nine months ended September 30, 2020 is summarized as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: center"></td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="10" style="width: 10%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid">Options Outstanding</td> <td style="width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="10" style="width: 10%; white-space: nowrap; text-align: center; border-bottom: #000000 1pt solid">Options Exercisable</td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="width: 78%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt"></td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Options Outstanding</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Exercise Price</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Fair Value</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Remaining Contractual Life</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Options Exercisable</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Exercise Price</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 2%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Fair Value</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-top: 2pt; padding-bottom: 2pt">   </td> <td style="border-bottom: #000000 1pt solid; padding-top: 2pt; width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">Weighted Average Remaining Contractual Life</td></tr> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: left; background-color: #c0c0c0">At January 1, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,100,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4.80 years</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,100,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.07</td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4.80 years</td></tr> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: left">Canceled</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">      (1,799,000</td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid">)</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">0.11</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">0.11</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 1pt solid">     (1,799,000</td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 1pt solid">)</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 78%; white-space: nowrap; text-align: left; background-color: #c0c0c0">At September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0">6,301,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">5.23 years</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; border-bottom: #000000 2pt double; background-color: #c0c0c0">6,301,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; border-bottom: #000000 2pt double; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$     </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">0.06</td> <td style="width: 1%; white-space: nowrap; text-align: center; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">5.23 years</td></tr></table>

The following represents selected unaudited condensed consolidated interim financial information for Andrea’s segments for the three and nine month periods ended September 30, 2020 and 2019 and the fiscal year ended December 31, 2019. <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 88%; white-space: nowrap; text-align: center">2020 Three Month Segment Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">2020 Three Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">384,222</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">384,222</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">150</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">1,928</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">2,078</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">(92,283</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">(41,349</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">(133,632</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">3,593</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">6,664</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">10,257</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Assets</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">231,209</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">963,007</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,194,215</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Total long lived assets</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">108,747</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">161,706</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">270,452</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,958</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,959</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">3,917</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left"> </td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 88%; white-space: nowrap; text-align: center">2019 Three Month Segment Data</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">2019 Three Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">374,024</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">374,024</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Service related revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">3,711</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">3,711</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">202</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4,732</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">4,934</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(97,488</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(68,012</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(165,500</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">5,657</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">12,887</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">18,544</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">2,425</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">2,425</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">4,850</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff"> </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 88%; white-space: nowrap; text-align: center">December 31, 2019 Year End Segment Data</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">2019 Year End Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Assets</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">257,685</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,031,786</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,289,471</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Total long lived assets</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">115,562</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">202,083</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">317,645</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff"> </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 88%; white-space: nowrap; text-align: center">2020 Nine Month Segment Data</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="padding-bottom: 2pt; background-color: #ffffff; width: 1%; white-space: nowrap; text-align: center"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; background-color: #ffffff; width: 3%; white-space: nowrap; text-align: center">2020 Nine Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">970,304</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">970,304</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Service related revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">43,200</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">43,200</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">452</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">10,310</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">10,762</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(276,827</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(261,062</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">(537,889</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">15,393</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">27,394</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">42,787</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff">Purchases of property and equipment</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">5,989</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff">5,989</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,586</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">8,587</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">17,173</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #ffffff"> </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #ffffff"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #ffffff"></td></tr> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 88%; white-space: nowrap; text-align: center">2019 Nine Month Segment Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Patent Monetization</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">Andrea DSP Microphone and Audio Software Products</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt"></td> <td colspan="3" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 3%; white-space: nowrap; text-align: center">2019 Nine Month Segment Data</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Net product revenues</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$       </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">-</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$          </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,349,153</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0">$             </td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">1,349,153</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Service related revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">-</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">17,271</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">17,271</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">License revenues</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">739</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">18,479</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">19,218</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Operating loss</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">(314,939</td> <td style="width: 1%; white-space: nowrap; text-align: left">)</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">(87,012</td> <td style="width: 1%; white-space: nowrap; text-align: left">)</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">(401,951</td> <td style="width: 1%; white-space: nowrap; text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Depreciation and amortization</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">19,476</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">41,170</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">60,646</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 88%; white-space: nowrap; text-align: left">Payments for patents and trademarks</td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">4,904</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">4,904</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right"></td> <td style="width: 1%; white-space: nowrap; text-align: right">9,808</td> </tr></table>

For the three-month periods ended September 30, 2020 and 2019, total revenues by geographic area were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt; text-align: center">Geographic Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total revenues:</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt">United States</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">313,756</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">237,031</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 15pt; background-color: #c0c0c0; width: 94%; white-space: nowrap; text-align: left">Foreign(1)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">72,544</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">145,638</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$      </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">386,300</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$      </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">382,669</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="padding-left: 15pt; vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt">(1)</td> <td style="vertical-align: top; width: 99%"> Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People’s Republic of China represented 15% of total net revenues for the three months ended September 30, 2019.</td></tr></table> For the nine-month periods ended September 30, 2020 and 2019 total revenues by geographic area were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt; text-align: center">Geographic Data</td> <td style="width: 1%; white-space: nowrap; text-align: right; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Total revenues:</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt">United States</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">777,284</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">1,038,082</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 15pt; background-color: #c0c0c0; width: 94%; white-space: nowrap; text-align: left">Foreign(1)</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">246,982</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">347,560</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">1,024,266</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">1,385,642</td></tr></table> <div>____________________</div> <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: normal; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 1%; white-space: nowrap; padding-right: 10pt; padding-left: 15pt">(1)</td> <td style="vertical-align: top; width: 99%"> Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.</td></tr></table> As of September 30, 2020 and December 31, 2019, accounts receivable by geographic area were as follows: <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; line-height: 14pt; border-collapse: collapse"> <tr style="vertical-align: bottom; line-height: normal"> <td style="border-bottom: #000000 1pt solid; width: 94%; white-space: nowrap; text-align: left; padding-bottom: 2pt; text-align: center">Geographic Data</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">September 30, 2020</td> <td style="width: 1%; white-space: nowrap; text-align: center; padding-bottom: 2pt">     </td> <td colspan="2" style="border-bottom: #000000 1pt solid; padding-bottom: 2pt; width: 2%; white-space: nowrap; text-align: center">December 31, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; background-color: #c0c0c0">Accounts receivable:</td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left; padding-left: 15pt">United States</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">202,944</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left">$</td> <td style="width: 1%; white-space: nowrap; text-align: right">218,935</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 15pt; background-color: #c0c0c0; width: 94%; white-space: nowrap; text-align: left">Foreign</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">97,721</td> <td style="width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: left; background-color: #c0c0c0"></td> <td style="border-bottom: #000000 1pt solid; width: 1%; white-space: nowrap; text-align: right; background-color: #c0c0c0">159,244</td></tr> <tr style="vertical-align: bottom"> <td style="width: 94%; white-space: nowrap; text-align: left"></td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">300,665</td> <td style="width: 1%; white-space: nowrap; text-align: left"></td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: left">$     </td> <td style="border-bottom: #000000 2pt double; width: 1%; white-space: nowrap; text-align: right">378,179</td></tr></table>

1799000

1799000 Amounts are less than 10% Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People's Republic of China represented 15% of total net revenues for the three months ended September 30, 2019. Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.

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Document Transition Report	false

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash	$ 415,253	$ 335,790
Accounts receivable, net of allowance for doubtful accounts of $4,789	300,665	378,179
Inventories, net	124,987	210,161
Prepaid expenses and other current assets	72,994	42,446
Total current assets	913,899	966,576
Property and equipment, net	20,142	26,160
Intangible assets, net	217,516	231,123
Other assets, net	42,658	65,612
Total assets	1,194,215	1,289,471
Current liabilities:
Trade accounts payable and other current liabilities	326,151	390,558
Current portion of long-term debt	44,615
Accrued Series C Convertible Preferred Stock Dividends	19,168	19,168
Total current liabilities	389,934	409,726
Lease liabilities payable	20,332	15,221
Long-term debt	2,335,843	1,827,509
Total liabilities	2,746,109	2,252,456
Series B Redeemable Convertible Preferred Stock, $.01 par value; authorized: 1,000 shares; issued and outstanding: 0 shares
Commitments and contingencies
Shareholders' deficit:
Preferred stock, $.01 par value; authorized: 2,497,500 shares; none issued and outstanding
Common stock, $.01 par value; authorized: 200,000,000 shares; issued and outstanding: 68,104,957 shares	681,050	681,050
Additional paid-in capital	78,086,910	78,086,910
Accumulated deficit	(80,328,926)	(79,740,017)
Total shareholders' deficit	(1,551,894)	(962,985)
Total liabilities and shareholders' deficit	1,194,215	1,289,471
Series C Convertible Preferred Stock [Member]
Shareholders' deficit:
Preferred stock, $.01 par value; authorized: 2,497,500 shares; none issued and outstanding
Total shareholders' deficit
Series D Convertible Preferred Stock [Member]
Shareholders' deficit:
Preferred stock, $.01 par value; authorized: 2,497,500 shares; none issued and outstanding	9,072	9,072
Total shareholders' deficit	$ 9,072	$ 9,072

XML 13 R3.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 4,789	$ 4,789
Series B Redeemable Convertible Preferred Stock, par value	$ 0.01	$ 0.01
Series B Redeemable Convertible Preferred Stock, shares authorized	1,000	1,000
Series B Redeemable Convertible Preferred Stock, shares issued	0	0
Series B Redeemable Convertible Preferred Stock, shares outstanding	0	0
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,497,500	2,497,500
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	68,104,957	68,104,957
Common stock, shares outstanding	68,104,957	68,104,957
Series C Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,500	1,500
Preferred stock, shares issued	11.5	11.5
Preferred stock, shares outstanding	11.5	11.5
Preferred stock, liquidation value	$ 114,692	$ 114,692
Series D Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,500,000	2,500,000
Preferred stock, shares issued	907,144	907,144
Preferred stock, shares outstanding	907,144	907,144
Preferred stock, liquidation value	$ 907,144	$ 907,144

XML 14 R4.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Net product revenues	$ 384,222	$ 374,024	$ 970,304	$ 1,349,153
License and service related revenues	2,078	8,645	53,962	36,489
Total revenues	386,300	382,669	1,024,266	1,385,642
Cost of product revenues	92,794	100,809	225,134	392,664
Gross margin	293,506	281,860	799,132	992,978
Patent Monetization expenses	39,039	41,897	127,967	155,170
Research and development expenses	132,786	139,137	432,652	425,497
General, administrative and selling expenses	255,313	266,326	776,402	814,262
Operating loss	(133,632)	(165,500)	(537,889)	(401,951)
Interest expense, net	(16,559)	(18,397)	(50,455)	(52,347)
Loss from operations before provision for income taxes	(150,191)	(183,897)	(588,344)	(454,298)
Provision for income taxes		351	565	1,673
Net loss	$ (150,191)	$ (184,248)	$ (588,909)	$ (455,971)
Basic and diluted weighted average shares	68,104,957	68,104,957	68,104,957	68,104,957
Basic and diluted net loss per share	$ (.00)	$ (.00)	$ (0.01)	$ (0.01)

XML 15 R5.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Series C Convertible Preferred Stock [Member]	Series D Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 31, 2018		$ 9,072	$ 681,050	$ 78,069,200	$ (79,191,451)	$ (432,129)
Beginning Balance, shares at Dec. 31, 2018	11.469249	907,144	68,104,957
Stock-based Compensation Expense related to Stock Option Grants				4,836		4,836
Net loss					(197,488)	(197,488)
Ending Balance at Mar. 31, 2019		$ 9,072	$ 681,050	78,074,036	(79,388,939)	(624,781)
Ending Balance, shares at Mar. 31, 2019	11.469249	907,144	68,104,957
Beginning Balance at Dec. 31, 2018		$ 9,072	$ 681,050	78,069,200	(79,191,451)	(432,129)
Beginning Balance, shares at Dec. 31, 2018	11.469249	907,144	68,104,957
Net loss						(455,971)
Ending Balance at Sep. 30, 2019		$ 9,072	$ 681,050	78,083,708	(79,647,422)	(873,592)
Ending Balance, shares at Sep. 30, 2019	11.469249	907,144	68,104,957
Beginning Balance at Mar. 31, 2019		$ 9,072	$ 681,050	78,074,036	(79,388,939)	(624,781)
Beginning Balance, shares at Mar. 31, 2019	11.469249	907,144	68,104,957
Stock-based Compensation Expense related to Stock Option Grants				4,836		4,836
Net loss					(74,235)	(74,235)
Ending Balance at Jun. 30, 2019		$ 9,072	$ 681,050	78,078,872	(79,463,174)	(694,180)
Ending Balance, shares at Jun. 30, 2019	11.469249	907,144	68,104,957
Stock-based Compensation Expense related to Stock Option Grants				4,836		4,836
Net loss					(184,248)	(184,248)
Ending Balance at Sep. 30, 2019		$ 9,072	$ 681,050	78,083,708	(79,647,422)	(873,592)
Ending Balance, shares at Sep. 30, 2019	11.469249	907,144	68,104,957
Beginning Balance at Dec. 31, 2019		$ 9,072	$ 681,050	78,086,910	(79,740,017)	(962,985)
Beginning Balance, shares at Dec. 31, 2019	11.469249	907,144	68,104,957
Net loss					(196,261)	(196,261)
Ending Balance at Mar. 31, 2020		$ 9,072	$ 681,050	78,086,910	(79,936,278)	(1,159,246)
Ending Balance, shares at Mar. 31, 2020	11.469249	907,144	68,104,957
Beginning Balance at Dec. 31, 2019		$ 9,072	$ 681,050	78,086,910	(79,740,017)	(962,985)
Beginning Balance, shares at Dec. 31, 2019	11.469249	907,144	68,104,957
Net loss						(588,909)
Ending Balance at Sep. 30, 2020		$ 9,072	$ 681,050	78,086,910	(80,328,926)	(1,551,894)
Ending Balance, shares at Sep. 30, 2020	11.469249	907,144	68,104,957
Beginning Balance at Mar. 31, 2020		$ 9,072	$ 681,050	78,086,910	(79,936,278)	(1,159,246)
Beginning Balance, shares at Mar. 31, 2020	11.469249	907,144	68,104,957
Net loss					(242,457)	(242,457)
Ending Balance at Jun. 30, 2020		$ 9,072	$ 681,050	78,086,910	(80,178,735)	(1,401,703)
Ending Balance, shares at Jun. 30, 2020	11.469249	907,144	68,104,957
Net loss					(150,191)	(150,191)
Ending Balance at Sep. 30, 2020		$ 9,072	$ 681,050	$ 78,086,910	$ (80,328,926)	$ (1,551,894)
Ending Balance, shares at Sep. 30, 2020	11.469249	907,144	68,104,957

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

XML 16 R6.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (588,909)	$ (455,971)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	42,787	60,646
Stock based compensation expense		14,508
Inventory net realizable adjustment	(4,341)	(543)
Provision for income tax withholding	565	1,673
Amortization of right-of-use assets	39,857	33,744
Deferred Interest on PPP and SBA loans	1,648
PIK interest, net	50,526	57,256
Change in:
Accounts receivable	76,949	54,869
Inventories	89,515	(73,655)
Prepaid expenses and other current assets	(30,548)	39,248
Trade accounts payable and other current liabilities and lease liabilities payable	(76,199)	(45,939)
Net cash used in operating activities	(398,150)	(314,164)
Cash flows from investing activities:
Purchases of property and equipment	(5,989)
Payments for patents and trademarks	(17,173)	(9,808)
Net cash used in investing activities	(23,162)	(9,808)
Cash flows from financing activities:
Proceeds from PPP loans	142,775
Proceeds from SBA loan	158,000
Proceeds from long-term notes	200,000	200,000
Net cash provided by financing activities	500,775	200,000
Net increase (decrease) in cash	79,463	(123,972)
Cash, beginning of year	335,790	486,521
Cash, end of period	415,253	362,549
Cash paid for:
Income Taxes	$ 947	$ 2,122

XML 17 R7.htm IDEA: XBRL DOCUMENT

Basis of Presentation

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Note 1. Basis of Presentation

XML 18 R8.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2. Summary of Significant Accounting Policies

	For the Three and Nine Months Ended
	September 30, 2020	September 30, 2019
Total potentially dilutive common shares as of:
Stock options to purchase common stock (Note 8)	6,301,500	8,100,500
Series C Convertible Preferred Stock and related accrued dividends (Note 5)	524,736	524,736
Series D Convertible Preferred Stock (Note 6)	3,628,576	3,628,576
Total potentially dilutive common shares	10,454,812	12,253,812

Concentration of Credit Risk - 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				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Customer A	36	%	20	%	33	%	45	%
Customer B	28	%	23	%	24	%	16	%
Customer C	11	%	*		*		*
Customer D	*		11	%	*		*
Customer E	*		21	%	15	%	16	%

____________________

*	Amounts are less than 10%

	September 30, 2020		December 31, 2019
Raw materials	$	24,908	$	22,254
Finished goods		100,079		187,907
	$	124,987	$	210,161

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

	September 30, 2020		December 31, 2019
Trade accounts payable	$	51,831	$	87,524
Payroll and related expenses		11,344		7,788
Patent monetization expenses		130,105		107,605
Current lease liabilities		17,341		47,364
Deferred revenue		12,288		-
Professional and other service fees		103,242		140,277
Total trade accounts payable and other current liabilities	$	326,151	$	390,558

Revenue Recognition - The Company recognizes revenue using the following five-step approach:

1.	Identify the contract with a customer.
2.	Identify the performance obligations in the contract.
3.	Determine the transaction price of the contract.
4.	Allocate the transaction price to the performance obligations in the contract.
5.	Recognize revenue when the performance obligations are met or delivered.

This approach includes the evaluation of sales terms, performance obligations, variable consideration, and costs to obtain and fulfill contracts.

XML 19 R9.htm IDEA: XBRL DOCUMENT

Revenue Sharing, Note Purchase Agreement and Long-Term Debt

9 Months Ended

Sep. 30, 2020

Revenue Sharing, Note Purchase Agreement and Long-Term Debt [Abstract]

Revenue Sharing, Note Purchase Agreement and Long-Term Debt

Note 3. Revenue Sharing, Note Purchase Agreement and Long-Term Debt

XML 20 R10.htm IDEA: XBRL DOCUMENT

Long-Term Debt

9 Months Ended

Sep. 30, 2020

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

Note 4. Long-Term Debt

On July 13, 2020, the Company entered into a U.S. Small Business Administration Loan Authorization and Agreement pursuant to which the Company received loan proceeds of $150,000 (the “SBA Loan”). The SBA Loan was made under, and is subject to the terms and conditions of, the Economic Injury Disaster Loan Program, which was a program expanded for COVID-19 relief under the CARES Act and is administered by the U.S. Small Business Administration. The term of the SBA Loan is thirty (30) years with a maturity date of July 13, 2050 and the annual interest rate of the SBA Loan is a fixed rate of 3.75%. Under the terms of the CARES Act, the use of loan proceeds for the SBA Loan is limited to alleviating economic injury caused by the COVID-19 pandemic. The Company intends to use the proceeds of the SBA Loan for such purpose. While applying for the SBA Loan, the U.S. Small Business Administration advanced $8,000 of loan proceeds on April 30, 2020.

	September 30, 2020		December 31, 2019
Additional Notes (Note 3)	$	1,884,422	$	1,684,422
PIK interest		193,613		143,087
PPP Loan with accrued interest		143,343		-
SBA Loan Advance with accrued interest		158,080		-
Total long-term debt		2,380,458		1,827,509
Less: current maturities of long-term debt		44,615		-
Long-term debt, net of current maturities	$	2,335,843	$	1,827,509

XML 21 R11.htm IDEA: XBRL DOCUMENT

Series C Redeemable Convertible Preferred Stock

9 Months Ended

Sep. 30, 2020

Series C Convertible Preferred Stock [Abstract]

Series C Redeemable Convertible Preferred Stock

Note 5. Series C Redeemable Convertible Preferred Stock

XML 22 R12.htm IDEA: XBRL DOCUMENT

Series D Redeemable Convertible Preferred Stock

9 Months Ended

Sep. 30, 2020

Series D Convertible Preferred Stock [Abstract]

Series D Redeemable Convertible Preferred Stock

Note 6. Series D Redeemable Convertible Preferred Stock

As of September 30, 2020, there were 907,144 shares of Series D Convertible Preferred Stock outstanding which were convertible into 3,628,576 shares of Andrea’s common stock.

XML 23 R13.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Note 7. Commitments And Contingencies

Leases

Supplemental balance sheet information related to leases was as follows:

Operating Leases
	September 30, 2020
Other Assets	$	37,408

Trade accounts payable and other current liabilities	$	17,341
Lease liabilities payable non-current		20,332
Total operating lease liabilities	$	37,673

Weighted-average remaining lease term		35 months
Weighted-average discount rate		5.5%

As of September 30, 2020, maturities of operating lease liabilities were as follows:

2020 (October 1 – December 31)	$	7,038
2021		15,682
2022		7,703
2023		3,713
2024		3,713
2025		2,475
Total		40,324
Less: interest		(2,651	)
Total Lease Payments	$	37,673

Employee Related Agreements

Legal Proceedings

The New York Litigation is stayed pending the final outcome of Apple’s IPR proceedings against the Company’s U.S. Patent No. 6,363,345.

Andrea intends to continue to vigorously prosecute the New York Litigation and the ongoing IPR proceedings.

XML 24 R14.htm IDEA: XBRL DOCUMENT

Stock Plans and Stock Based Compensation

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock Plans and Stock Based Compensation

Note 8. Stock Plans and Stock Based Compensation

Option activity during the nine months ended September 30, 2020 is summarized as follows:

	Options Outstanding							Options Exercisable
	Options Outstanding		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life	Options Exercisable		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life
At January 1, 2020	8,100,500		$	0.07	$	0.07	4.80 years	8,100,500		$	0.07	$	0.07	4.80 years
Canceled	(1,799,000	)	$	0.11	$	0.11		(1,799,000	)
At September 30, 2020	6,301,500		$	0.06	$	0.06	5.23 years	6,301,500		$	0.06	$	0.06	5.23 years

XML 25 R15.htm IDEA: XBRL DOCUMENT

Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Note 9. Segment Information

2020 Three Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2020 Three Month Segment Data
Net product revenues	$	-		$	384,222		$	384,222
License revenues		150			1,928			2,078
Operating loss		(92,283	)		(41,349	)		(133,632	)
Depreciation and amortization		3,593			6,664			10,257
Assets		231,209			963,007			1,194,215
Total long lived assets		108,747			161,706			270,452
Payments for patents and trademarks		1,958			1,959			3,917

2019 Three Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Three Month Segment Data
Net product revenues	$	-		$	374,024		$	374,024
Service related revenues		-			3,711			3,711
License revenues		202			4,732			4,934
Operating loss		(97,488	)		(68,012	)		(165,500	)
Depreciation and amortization		5,657			12,887			18,544
Payments for patents and trademarks		2,425			2,425			4,850

December 31, 2019 Year End Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Year End Segment Data
Assets	$	257,685		$	1,031,786		$	1,289,471
Total long lived assets		115,562			202,083			317,645

2020 Nine Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2020 Nine Month Segment Data
Net product revenues	$	-		$	970,304		$	970,304
Service related revenues		-			43,200			43,200
License revenues		452			10,310			10,762
Operating loss		(276,827	)		(261,062	)		(537,889	)
Depreciation and amortization		15,393			27,394			42,787
Purchases of property and equipment		-			5,989			5,989
Payments for patents and trademarks		8,586			8,587			17,173

2019 Nine Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Nine Month Segment Data
Net product revenues	$	-		$	1,349,153		$	1,349,153
Service related revenues		-			17,271			17,271
License revenues		739			18,479			19,218
Operating loss		(314,939	)		(87,012	)		(401,951	)
Depreciation and amortization		19,476			41,170			60,646
Payments for patents and trademarks		4,904			4,904			9,808

Geographic Data	September 30, 2020		September 30, 2019
Total revenues:
United States	$	313,756	$	237,031
Foreign⁽¹⁾		72,544		145,638
	$	386,300	$	382,669

____________________

(1)	Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People’s Republic of China represented 15% of total net revenues for the three months ended September 30, 2019.

For the nine-month periods ended September 30, 2020 and 2019 total revenues by geographic area were as follows:

Geographic Data	September 30, 2020		September 30, 2019
Total revenues:
United States	$	777,284	$	1,038,082
Foreign⁽¹⁾		246,982		347,560
	$	1,024,266	$	1,385,642

____________________

(1)	Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.

As of September 30, 2020 and December 31, 2019, accounts receivable by geographic area were as follows:

Geographic Data	September 30, 2020		December 31, 2019
Accounts receivable:
United States	$	202,944	$	218,935
Foreign		97,721		159,244
	$	300,665	$	378,179

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

XML 26 R16.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Loss Per Share

	For the Three and Nine Months Ended
	September 30, 2020	September 30, 2019
Total potentially dilutive common shares as of:
Stock options to purchase common stock (Note 8)	6,301,500	8,100,500
Series C Convertible Preferred Stock and related accrued dividends (Note 5)	524,736	524,736
Series D Convertible Preferred Stock (Note 6)	3,628,576	3,628,576
Total potentially dilutive common shares	10,454,812	12,253,812

Cash

Concentration of Credit Risk

Concentration of Credit Risk - 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				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Customer A	36	%	20	%	33	%	45	%
Customer B	28	%	23	%	24	%	16	%
Customer C	11	%	*		*		*
Customer D	*		11	%	*		*
Customer E	*		21	%	15	%	16	%

____________________

*	Amounts are less than 10%

Allowance for Doubtful Accounts

Inventories

	September 30, 2020		December 31, 2019
Raw materials	$	24,908	$	22,254
Finished goods		100,079		187,907
	$	124,987	$	210,161

Long-Lived Assets

Trade accounts payable and other current liabilities

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

	September 30, 2020		December 31, 2019
Trade accounts payable	$	51,831	$	87,524
Payroll and related expenses		11,344		7,788
Patent monetization expenses		130,105		107,605
Current lease liabilities		17,341		47,364
Deferred revenue		12,288		-
Professional and other service fees		103,242		140,277
Total trade accounts payable and other current liabilities	$	326,151	$	390,558

Revenue Recognition

Revenue Recognition - The Company recognizes revenue using the following five-step approach:

1.	Identify the contract with a customer.
2.	Identify the performance obligations in the contract.
3.	Determine the transaction price of the contract.
4.	Allocate the transaction price to the performance obligations in the contract.
5.	Recognize revenue when the performance obligations are met or delivered.

This approach includes the evaluation of sales terms, performance obligations, variable consideration, and costs to obtain and fulfill contracts.

Income Taxes

Stock-Based Compensation

Use of Estimates

Leases

Subsequent Events

XML 27 R17.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	For the Three and Nine Months Ended
	September 30, 2020	September 30, 2019
Total potentially dilutive common shares as of:
Stock options to purchase common stock (Note 8)	6,301,500	8,100,500
Series C Convertible Preferred Stock and related accrued dividends (Note 5)	524,736	524,736
Series D Convertible Preferred Stock (Note 6)	3,628,576	3,628,576
Total potentially dilutive common shares	10,454,812	12,253,812

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				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Customer A	36	%	20	%	33	%	45	%
Customer B	28	%	23	%	24	%	16	%
Customer C	11	%	*		*		*
Customer D	*		11	%	*		*
Customer E	*		21	%	15	%	16	%

____________________

*	Amounts are less than 10%

Schedule of Inventories

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

	September 30, 2020		December 31, 2019
Raw materials	$	24,908	$	22,254
Finished goods		100,079		187,907
	$	124,987	$	210,161

Schedule of Trade Accounts Payable and Other Current Liabilities

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

	September 30, 2020		December 31, 2019
Trade accounts payable	$	51,831	$	87,524
Payroll and related expenses		11,344		7,788
Patent monetization expenses		130,105		107,605
Current lease liabilities		17,341		47,364
Deferred revenue		12,288		-
Professional and other service fees		103,242		140,277
Total trade accounts payable and other current liabilities	$	326,151	$	390,558

XML 28 R18.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-term Debt, Unclassified [Abstract]

Schedule of Long-term Debt

	September 30, 2020		December 31, 2019
Additional Notes (Note 3)	$	1,884,422	$	1,684,422
PIK interest		193,613		143,087
PPP Loan with accrued interest		143,343		-
SBA Loan Advance with accrued interest		158,080		-
Total long-term debt		2,380,458		1,827,509
Less: current maturities of long-term debt		44,615		-
Long-term debt, net of current maturities	$	2,335,843	$	1,827,509

XML 29 R19.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Leases

Supplemental balance sheet information related to leases was as follows:

Operating Leases
	September 30, 2020
Other Assets	$	37,408

Trade accounts payable and other current liabilities	$	17,341
Lease liabilities payable non-current		20,332
Total operating lease liabilities	$	37,673

Weighted-average remaining lease term		35 months
Weighted-average discount rate		5.5%

Schedule of Maturities of Operating Lease Liabilities

As of September 30, 2020, maturities of operating lease liabilities were as follows:

2020 (October 1 – December 31)	$	7,038
2021		15,682
2022		7,703
2023		3,713
2024		3,713
2025		2,475
Total		40,324
Less: interest		(2,651	)
Total Lease Payments	$	37,673

XML 30 R20.htm IDEA: XBRL DOCUMENT

Stock Plans and Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

Option activity during the nine months ended September 30, 2020 is summarized as follows:

	Options Outstanding							Options Exercisable
	Options Outstanding		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life	Options Exercisable		Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life
At January 1, 2020	8,100,500		$	0.07	$	0.07	4.80 years	8,100,500		$	0.07	$	0.07	4.80 years
Canceled	(1,799,000	)	$	0.11	$	0.11		(1,799,000	)
At September 30, 2020	6,301,500		$	0.06	$	0.06	5.23 years	6,301,500		$	0.06	$	0.06	5.23 years

XML 31 R21.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Selected Consolidated Financial Information for Andrea's Segments

2020 Three Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2020 Three Month Segment Data
Net product revenues	$	-		$	384,222		$	384,222
License revenues		150			1,928			2,078
Operating loss		(92,283	)		(41,349	)		(133,632	)
Depreciation and amortization		3,593			6,664			10,257
Assets		231,209			963,007			1,194,215
Total long lived assets		108,747			161,706			270,452
Payments for patents and trademarks		1,958			1,959			3,917

2019 Three Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Three Month Segment Data
Net product revenues	$	-		$	374,024		$	374,024
Service related revenues		-			3,711			3,711
License revenues		202			4,732			4,934
Operating loss		(97,488	)		(68,012	)		(165,500	)
Depreciation and amortization		5,657			12,887			18,544
Payments for patents and trademarks		2,425			2,425			4,850

December 31, 2019 Year End Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Year End Segment Data
Assets	$	257,685		$	1,031,786		$	1,289,471
Total long lived assets		115,562			202,083			317,645

2020 Nine Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2020 Nine Month Segment Data
Net product revenues	$	-		$	970,304		$	970,304
Service related revenues		-			43,200			43,200
License revenues		452			10,310			10,762
Operating loss		(276,827	)		(261,062	)		(537,889	)
Depreciation and amortization		15,393			27,394			42,787
Purchases of property and equipment		-			5,989			5,989
Payments for patents and trademarks		8,586			8,587			17,173

2019 Nine Month Segment Data	Patent Monetization			Andrea DSP Microphone and Audio Software Products			2019 Nine Month Segment Data
Net product revenues	$	-		$	1,349,153		$	1,349,153
Service related revenues		-			17,271			17,271
License revenues		739			18,479			19,218
Operating loss		(314,939	)		(87,012	)		(401,951	)
Depreciation and amortization		19,476			41,170			60,646
Payments for patents and trademarks		4,904			4,904			9,808

Schedule of Total Revenues and Accounts Receivable by Geographic Area

For the three-month periods ended September 30, 2020 and 2019, total revenues by geographic area were as follows:

Geographic Data	September 30, 2020		September 30, 2019
Total revenues:
United States	$	313,756	$	237,031
Foreign⁽¹⁾		72,544		145,638
	$	386,300	$	382,669

____________________

(1)	Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People’s Republic of China represented 15% of total net revenues for the three months ended September 30, 2019.

For the nine-month periods ended September 30, 2020 and 2019 total revenues by geographic area were as follows:

Geographic Data	September 30, 2020		September 30, 2019
Total revenues:
United States	$	777,284	$	1,038,082
Foreign⁽¹⁾		246,982		347,560
	$	1,024,266	$	1,385,642

____________________

(1)	Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.

As of September 30, 2020 and December 31, 2019, accounts receivable by geographic area were as follows:

Geographic Data	September 30, 2020		December 31, 2019
Accounts receivable:
United States	$	202,944	$	218,935
Foreign		97,721		159,244
	$	300,665	$	378,179

XML 32 R22.htm IDEA: XBRL DOCUMENT

Basis of Presentation (Details) - USD ($)			1 Months Ended	3 Months Ended		9 Months Ended
Basis of Presentation (Details) - USD ($)	Jul. 13, 2020	May 08, 2020	Apr. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Basis of Presentation (Textual)
Loss before provision income taxes				$ 150,191	$ 183,897	$ 588,344	$ 454,298
Interest, depreciation and amortization expenses				27,000		95,000
Cash				415,253	362,549	415,253	362,549	$ 335,790	$ 486,521
Working capital				523,965		$ 523,965
Maturity date of loan						Aug. 31, 2022
Revenues				$ 386,300	$ 382,669	$ 1,024,266	$ 1,385,642
U.S. Small Business Administration Loan [Member]
Basis of Presentation (Textual)
Proceeds from loan	$ 150,000		$ 8,000
Loan Term	30 years
Interest rate of loan	3.75%
Maturity date of loan	Jul. 13, 2050
PPP Loan with accrued interest [Member]
Basis of Presentation (Textual)
Proceeds from loan		$ 142,775
Loan Term		2 years
Maturity date of loan		May 08, 2022

XML 33 R23.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Summary of Significant Accounting Policies (Textual)
Deferred revenue	$ 12,288
Concentration of credit risk, customers accounted	10% or more
Customer A [Member] \| Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk percentage	39.00%	39.00%
Customer B [Member] \| Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk percentage	33.00%
Customer C [Member] \| Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk percentage	22.00%	17.00%
Customer E [Member] \| Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual)
Concentration risk percentage		31.00%

XML 34 R24.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Schedule of Antidilutive Securities Earnings Per Share) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Summary of antidilutive securities excluded from computation of earnings per share
Total potentially dilutive common shares	10,454,812	12,253,812	10,454,812	12,253,812
Series C Convertible Preferred Stock [Member]
Summary of antidilutive securities excluded from computation of earnings per share
Total potentially dilutive common shares	524,736	524,736	524,736	524,736
Series D Convertible Preferred Stock [Member]
Summary of antidilutive securities excluded from computation of earnings per share
Total potentially dilutive common shares	3,628,576	3,628,576	3,628,576	3,628,576
Stock Compensation Plan [Member]
Summary of antidilutive securities excluded from computation of earnings per share
Total potentially dilutive common shares	6,301,500	8,100,500	6,301,500	8,100,500

XML 35 R25.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Schedule of Concentration of Credit Risk, Percentage of Total Revenues) (Details) - Sales Revenue, Goods, Net [Member]

3 Months Ended

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Customer A [Member]

Summary of concentration of credit risk, customer as a percentage of total revenues

Concentration risk percentage

36.00%

20.00%

33.00%

45.00%

Customer B [Member]

Summary of concentration of credit risk, customer as a percentage of total revenues

Concentration risk percentage

28.00%

23.00%

24.00%

16.00%

Customer C [Member]

Summary of concentration of credit risk, customer as a percentage of total revenues

Concentration risk percentage

11.00%

^[1]

Customer D [Member]

Summary of concentration of credit risk, customer as a percentage of total revenues

Concentration risk percentage

^[1]

11.00%

^[1]

Customer E [Member]

Summary of concentration of credit risk, customer as a percentage of total revenues

Concentration risk percentage

^[1]

21.00%

15.00%

16.00%

[1]	Amounts are less than 10%

XML 36 R26.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Schedule of Inventories) (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Raw materials	$ 24,908	$ 22,254
Finished goods	100,079	187,907
Inventories, net	$ 124,987	$ 210,161

XML 37 R27.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Schedule of Trade Accounts Payable and Other Current Liabilities) (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Other Current Liabilities
Trade accounts payable	$ 51,831	$ 87,524
Payroll and related expenses	11,344	7,788
Patent monetization expenses	130,105	107,605
Current lease liabilities	17,341	47,364
Deferred revenue	12,288
Professional and other service fees	103,242	140,277
Total trade accounts payable and other current liabilities	$ 326,151	$ 390,558

XML 38 R28.htm IDEA: XBRL DOCUMENT

Revenue Sharing, Note Purchase Agreement and Long-Term Debt (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2016
Debt Instrument [Line Items]
Advance from revenue sharing agreement			$ 3,500,000
Additional notes outstanding	$ 1,884,422	$ 1,684,422
Percentage of monetization revenue applied for payment of accrued and unpaid interest	100.00%
Additional notes an aggregate amount	$ 11,500,000	7,500,000
Maturity date for notes	Aug. 31, 2022
PIK interest	$ 193,613	$ 143,087
Maximum [Member]
Debt Instrument [Line Items]
Percentage of revenue allocated to revenue participants	50.00%
Minimum [Member]
Debt Instrument [Line Items]
Percentage of revenue allocated to revenue participants	20.00%

XML 39 R29.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Details) - USD ($)			1 Months Ended	9 Months Ended	12 Months Ended
Long-Term Debt (Details) - USD ($)	Jul. 13, 2020	May 08, 2020	Apr. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Maturity date for notes				Aug. 31, 2022
Note issued				$ 200,000	$ 200,000
Remaining amount of Additional Notes				$ 3,700,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Annual interest rate				2.00%
Description of interest rate				The unpaid principal amount of the Additional Notes (including any PIK Interest) has an interest rate equal to LIBOR (as defined in the Revenue Sharing Agreement) plus 2% per annum, (totaling 3.00% and 4.10% at September 30, 2020 and December 31, 2019, respectively); provided that upon and during the continuance of an Event of Default (as set forth in the Revenue Sharing Agreement), the interest rate will increase an additional 2% per annum.
U.S. Small Business Administration Loan [Member]
Debt Instrument [Line Items]
Proceeds from loan	$ 150,000		$ 8,000
Maturity date for notes	Jul. 13, 2050
Maturity period	30 years
Interest rate of loan	3.75%
PPP Loan with accrued interest [Member]
Debt Instrument [Line Items]
Proceeds from loan		$ 142,775
Annual interest rate		1.00%
Maturity date for notes		May 08, 2022
Maturity period		2 years

XML 40 R30.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Additional Notes	$ 1,884,422	$ 1,684,422
PIK interest	193,613	143,087
Total long-term debt	2,380,458	1,827,509
Less: current maturities of long-term debt	44,615
Long-term debt, net of current maturities	2,335,843	1,827,509
PPP Loan with accrued interest [Member]
Total long-term debt	143,343
SBA Loan Advance with accrued interest [Member]
Total long-term debt	$ 158,080

XML 41 R31.htm IDEA: XBRL DOCUMENT

Series C Redeemable Convertible Preferred Stock (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Series C Redeemable Convertible Preferred Stock (Textual)
Preferred stock
Accrued series C Preferred Stock Dividends	19,168	$ 19,168
Series C Convertible Preferred Stock [Member]
Series C Redeemable Convertible Preferred Stock (Textual)
Preferred stock	10,000
Increase in stated value of preferred stock	$ 1,671
Stock, conversion price	$ 0.2551
Shares, outstanding	11.469249
Accrued series C Preferred Stock Dividends	$ 19,168
Accrued series C Preferred Stock Dividends, Shares	524,736

XML 42 R32.htm IDEA: XBRL DOCUMENT

Series D Redeemable Convertible Preferred Stock (Details) - $ / shares	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Series D Redeemable Convertible Preferred Stock (Textual)
Preferred stock, shares outstanding
Series D Convertible Preferred Stock [Member]
Series D Redeemable Convertible Preferred Stock (Textual)
Conversion price	$ 0.25
Description of registration delay payment	This payment is to be paid in cash and is equal to the product of (i) the stated value of such shares of Series D Convertible Preferred Stock multiplied by (ii) the product of (1) .0005 multiplied by (2) the number of days that sales cannot be made pursuant to the Registration Statement
Preferred stock, shares outstanding	907,144
Number of common stock shares conversion of preferred stock	3,628,576

XML 43 R33.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Narrative) (Details) - USD ($)	1 Months Ended
	Aug. 31, 2014	Nov. 11, 2008	Sep. 30, 2020
Commitments and Contingencies (Textual)
Employment agreements, description		The Company entered into an amended and restated change in control agreement with Corisa L. Guiffre, Vice President, Chief Financial Officer and Assistant Corporate Secretary of the Company. The change in control agreement provides Ms. Guiffre with a severance benefit upon termination in connection with a change in control (as defined in the agreement). If Ms. Guiffre is terminated following a change in control, the Company will pay Ms. Guiffre a sum equal to three times Ms. Guiffre's average annual compensation for the five preceding taxable years. All restrictions on any restricted stock will lapse immediately and incentive stock options and stock appreciation rights, if any, will become immediately exercisable in the event of a change in control of the Company. Additionally, life, medical, dental and disability coverage and payments will be continued for 36 full calendar months following the date of termination.
Assets and corresponding operating lease liabilities			$ 77,547
Lease terms			35 months
Property, Plant and Equipment [Member] \| Lower range [Member]
Commitments and Contingencies (Textual)
Lease terms			1 year
Property, Plant and Equipment [Member] \| Upper range [Member]
Commitments and Contingencies (Textual)
Lease terms			2 years
Mr. Andrea [Member]
Commitments and Contingencies (Textual)
Term of employment agreement	The effective date of the original employment agreement was August 1, 2014 and it currently expires on January 31, 2021, subject to renewal as approved by the Compensation Committee of the Board of Directors.
Annual base salary	$ 216,000
Percentage of quarterly bonus	5.00%
Maximum quarterly bonus	$ 12,500
Percentage of annual bonus	9.00%
Annual pre-bonus net after tax earnings, Minimum	$ 300,000
Annual pre-bonus net after tax earnings, Maximum	$ 3,000,000
Percentage of adjusted pre-annual bonus	3.00%
Annual pre-bonus adjusted net after tax earnings, Maximum	$ 3,000,000
Description of employment agreement with Mr. Andrea	Mr. Andrea is entitled to a change in control payment equal to twelve months of Mr. Andrea's most recent Base Salary plus a pro-rated portion of Mr. Andrea's most recent annual and four quarterly bonuses paid immediately preceding the change in control, continuation of health and medical benefits for twelve months and immediate vesting of all stock options in the event of a change in control during the term of his agreement and subsequent termination of his employment within twelve months following the change in control. In the event of his termination without cause or resignation with the Company’s consent, Mr. Andrea is entitled to a severance payment equal to two months of his base salary, plus the two months pro-rated portion of his most recent annual and quarterly bonuses, payment of $12,500, the un-paid bonus for the quarter ended September 30, 2017 and a continuation of health insurance coverage for Mr. Andrea and his dependents for 6 months.
Future minimum cash commitments			$ 72,000

XML 44 R34.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Schedule of Operating Leases) (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Other Assets	$ 37,408
Trade accounts payable and other current liabilities	17,341	$ 47,364
Lease liabilities payable non-current	20,332
Total operating lease liabilities	$ 37,673
Weighted-average remaining lease term	35 months
Weighted-average discount rate	5.50%

XML 45 R35.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Schedule of Maturities of Operating Lease Liabilities) (Details)	Sep. 30, 2020 USD ($)
Maturities of operating lease liabilities
2020 (October 1 - December 31)	$ 7,038
2021	15,682
2022	7,703
2023	3,713
2024	3,713
2025	2,475
Total	40,324
Less: interest	(2,651)
Total Lease Payments	$ 37,673

XML 46 R36.htm IDEA: XBRL DOCUMENT

Stock Plans and Stock Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Aug. 31, 2019	Oct. 31, 2006
Stock Plans and Stock-Based Compensation (Textual)
Total compensation expense recognized related to stock option awards	$ 0	$ 4,836	$ 0	$ 14,508
Selling, General and Administrative Expenses [Member]
Stock Plans and Stock-Based Compensation (Textual)
Total compensation expense recognized related to stock option awards		4,269		12,807
Research and Development Expense [Member]
Stock Plans and Stock-Based Compensation (Textual)
Total compensation expense recognized related to stock option awards		$ 567		$ 1,701
Option [Member]
Stock Plans and Stock-Based Compensation (Textual)
Stock option exercisable	6,301,500		6,301,500
Common stock fair value			$ 0.03
Option outstanding aggregated intrinsic value	$ 6,301,500		$ 6,301,500
Stock Compensation Plan One [Member]
Stock Plans and Stock-Based Compensation (Textual)
Stock options vesting periods			4 years
Stock options contractual terms			10 years
Stock option exercisable					10,000,000	18,000,000

XML 47 R37.htm IDEA: XBRL DOCUMENT

Stock Plans and Stock Based Compensation (Schedule of Stock Option Activity) (Details) - 2006 Plan [Member]	9 Months Ended
	Sep. 30, 2020 $ / shares shares
Summary of stock options activity
Options Outstanding, Beginning balance \| shares	8,100,500
Options Outstanding, Canceled \| shares	(1,799,000)
Options Outstanding, Ending balance \| shares	6,301,500
Options Outstanding, Weighted Average Exercise Price, Beginning balance	$ 0.07
Options Outstanding, Weighted Average Exercise Price, Canceled	0.11
Options Outstanding, Weighted Average Exercise Price, Ending balance	0.06
Options Outstanding, Weighted Average Fair Value, Beginning balance	$ 0.07
Options Outstanding, Weighted Average Fair Value, Canceled \| shares	0.11
Options Outstanding, Weighted Average Fair Value, Ending balance	$ 0.06
Options Outstanding, Weighted Average Remaining Contractual Life, Beginning balance	4 years 9 months 18 days
Options Outstanding, Weighted Average Remaining Contractual Life, Ending balance	5 years 2 months 23 days
Options Exercisable, Beginning balance \| shares	8,100,500
Options Exercisable, Canceled	$ (1,799,000)
Options Exercisable, Ending balance \| shares	6,301,500
Options Exercisable, Weighted Average Exercise Price, Beginning balance	$ 0.07
Options Exercisable, Weighted Average Exercise Price, Ending balance	0.06
Options Exercisable, Weighted Average Fair Value, Beginning balance	0.07
Options Exercisable, Weighted Average Fair Value, Ending balance	$ 0.06
Options Exercisable, Weighted Average Remaining Contractual Life, Beginning balance	4 years 9 months 18 days
Options Exercisable, Weighted Average Remaining Contractual Life, Ending balance	5 years 2 months 23 days

XML 48 R38.htm IDEA: XBRL DOCUMENT

Segment Information (Narrative) (Details) - Segments	3 Months Ended		9 Months Ended
Segment Information (Narrative) (Details) - Segments	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Information (Textual)
Number of operating segments			2
Percentage of net revenues	10.00%	15.00%	10.00%	10.00%

XML 49 R39.htm IDEA: XBRL DOCUMENT

Segment Information (Schedule of Selected Consolidated Financial Information for Andrea's Segments) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Summary of condensed consolidated interim financial information for Andrea's segments
Net product revenues	$ 384,222	$ 374,024	$ 970,304	$ 1,349,153
Service related revenues		3,711	43,200	17,271
License revenues	2,078	8,645	53,962	36,489
Operating loss	(133,632)	(165,500)	(537,889)	(401,951)
Depreciation and amortization	10,257	18,544	42,787	60,646
Assets	1,194,215		1,194,215		$ 1,289,471
Total long lived assets	270,452		270,452		317,645
Purchases of property and equipment			5,989
Payments for patents and trademarks	3,917	4,850	17,173	9,808
Patent Monetization [Member]
Summary of condensed consolidated interim financial information for Andrea's segments
Net product revenues
Service related revenues
License revenues	150	202	452	739
Operating loss	(92,283)	(97,488)	(276,827)	(314,939)
Depreciation and amortization	3,593	5,657	15,393	19,476
Assets	231,209		231,209		257,685
Total long lived assets	108,747		108,747		115,562
Purchases of property and equipment
Payments for patents and trademarks	1,958	2,425	8,586	4,904
Andrea DSP Microphone and Audio Software Products [Member]
Summary of condensed consolidated interim financial information for Andrea's segments
Net product revenues	384,222	374,024	970,304	1,349,153
Service related revenues		3,711	43,200	17,271
License revenues	1,928	4,732	10,310	18,479
Operating loss	(41,349)	(68,012)	(261,062)	(87,012)
Depreciation and amortization	6,664	12,887	27,394	41,170
Assets	963,007		963,007		1,031,786
Total long lived assets	161,706		161,706		$ 202,083
Purchases of property and equipment			5,989
Payments for patents and trademarks	$ 1,959	$ 2,425	$ 8,587	$ 4,904

XML 50 R40.htm IDEA: XBRL DOCUMENT

Segment Information (Schedule of Total Revenues and Accounts Receivable by Geographic Area) (Details) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Dec. 31, 2019

Summary of total revenues and accounts receivable by geographic area

Total Revenues

$ 386,300

$ 382,669

$ 1,024,266

$ 1,385,642

Accounts Receivable [Member]

Summary of total revenues and accounts receivable by geographic area

Accounts receivable

300,665

$ 378,179

United States | Net Revenue [Member]

Summary of total revenues and accounts receivable by geographic area

Total Revenues

313,756

237,031

777,284

1,038,082

United States | Accounts Receivable [Member]

Summary of total revenues and accounts receivable by geographic area

Accounts receivable

202,944

218,935

Foreign Country Segment [Member] | Net Revenue [Member]

Summary of total revenues and accounts receivable by geographic area

Total Revenues

72,544

^[1]

$ 145,638

^[1]

246,982

^[2]

$ 347,560

^[2]

Foreign Country Segment [Member] | Accounts Receivable [Member]

Summary of total revenues and accounts receivable by geographic area

Accounts receivable

$ 97,721

$ 159,244

[1]	Net revenues to any one foreign country did not exceed 10% for the three months ended September 30, 2020. Net revenues to People's Republic of China represented 15% of total net revenues for the three months ended September 30, 2019.
[2]	Net revenues to any one foreign country did not exceed 10% for the nine months ended September 30, 2020 or September 30, 2019.

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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