Organization And Summary Of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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:

	June 30,				December 31,
	2020				2019
Trade Accounts Receivables at period end		$	146,373			$	276,551
Reserve for estimated marketing allowances			(77,102	)			(263,092	)
Total Accounts Receivable, net		$	69,271			$	13,459

Schedule of Goodwill Impairment Charges

The following table summarizes the changes in the Company’s goodwill asset which is included in the total assets in the accompanying condensed consolidated balance sheets:

	June 30,			December 31,
	2020			2019
Balance at the beginning of the period		$	1,936,020		$	1,936,020
Impairment charges			490,766			-
Balance at June 30, 2020		$	1,445,254		$	1,936,020

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
	June 30, 2020		June 30, 2019
Basic weighted average shares outstanding		46,296,364		46,928,935
Dilutive options		-		-
Diluted weighted average shares outstanding		46,296,364		46,928,935

	Six Months Ended		Six Months Ended
	June 30, 2020		June 30, 2019
Basic weighted average shares outstanding		46,378,481		46,906,092
Dilutive options		-		-
Diluted weighted average shares outstanding		46,378,481		46,906,092

Schedule of Net Revenue by Major Source

The following tables disaggregates net revenue by geographical area:

	For the Three Months Ended June 30, 2020						For the Three Months Ended June 30, 2019
	Capstone Brand			% of Revenue			Capstone Brand		% of Revenue
Lighting Products- U.S.		$	780,171		86	%	$	3,307,382		97	%
Lighting Products-International			126,387		14	%		100,440		3	%
Total Net Revenue		$	906,558		100	%	$	3,407,822		100	%

	For the Six Months Ended June 30, 2020						For the Six Months Ended June 30, 2019
	Capstone Brand			% of Revenue			Capstone Brand		% of Revenue
Lighting Products- U.S.		$	828,474		78	%	$	5,985,009		94	%
Lighting Products-International			227,061		22	%		401,615		6	%
Total Net Revenue		$	1,055,535		100	%	$	6,386,624		100	%

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 June 30, 2020 and December 31, 2019 balance sheets:

	June 30,			December 31,
	2020			2019
Balance at the beginning of the period	$	247,850		$	212,495
Amount accrued		-			180,797
Expenditures		(193,016	)		(145,442	)
Balance at period-end	$	54,834		$	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 June 30, 2020 and December 31, 2019, respectively:

	June 30,		December 31,
	2020		2019
Accounts payable	$	614,060	$	273,606
Accrued warranty reserve		54,834		247,850
Accrued compensation, benefits, marketing allowances and other liabilities		349,528		114,137
Total accrued liabilities		404,362		361,987
Total	$	1,018,422	$	635,593