Organization And Summary Of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Organization And Summary Of Significant Accounting Policies

Schedule of Components of Accounts Receivable, net

The following table summarizes the components of Accounts Receivable, net:

	March 31,			December 31,
	2020			2019
Trade Accounts Receivables at period end		$	69,973		$	276,551
Reserve for estimated marketing allowances, cash discounts and other incentives			-			(263,092	)
Total Accounts Receivable, net		$	69,973		$	13,459

Schedule of Goodwill Impairment Charges

The goodwill impairment charge in the quarter ended March 31, 2020 as shown in the following table.

Balance at December 31, 2019	$	1,936,020
Impairment charge		(290,059	)
Balance at March 31, 2020	$	1,645,961

Schedule of Basic Weighted Average Shares Outstanding is Reconciled to Diluted

Basic weighted average shares outstanding is reconciled to diluted weighted shares outstanding as follows:

	Three months ended		Three months ended
	March 31, 2020		March 31, 2019
Basic weighted average shares outstanding		46,463,365		47,033,670
Dilutive options		-		-
Diluted weighted average shares outstanding		46,463,365		47,033,670

Schedule of Net Revenue by Major Source

The following table disaggregates net revenue by brand and geographical area:

	For the Three Months Ended March 31, 2020									For the Three Months Ended March 31, 2019
	Capstone Brand			License Brands			Total Consolidated			Capstone Brand			License Brands			Total Consolidated
Lighting Products- U.S.		$	48,303		$	-		$	48,303		$	2,677,627		$	-		$	2,677,627
Lighting Products-International			100,674			-			100,674			301,175			-			301,175
Total Revenue		$	148,977		$	-		$	148,977		$	2,978,802		$	-		$	2,978,802

Schedule of Changes in Product Warranty Liabilities Included in Accounts Payable and Accrued Liabilities

The following table summarizes the changes in the Company's product warranty liabilities which are included in accounts payable and accrued liabilities in the accompanying March 31, 2020 and December 31, 2019 balance sheets:

	March 31,			December 31,
	2020			2019
Balance at the beginning of the period	$	247,850		$	212,495
Amount accrued		-			180,797
Expenditures		(115,919	)		(145,442	)
Balance at period-end	$	131,931		$	247,850

Schedule of Components of Accounts Payable and Accrued Liabilities

The following table summarizes the components of accounts payable and accrued liabilities as of March 31, 2020 and December 31, 2019, respectively:

	March 31,		December 31,
	2020		2019
Accounts payable	$	189,008	$	273,606
Accrued warranty reserve		131,931		247,850
Accrued compensation, benefits, marketing allowances and other liabilities		516,405		114,137
Total accrued liabilities		648,336		361,987
Total	$	837,344	$	635,593