Organization And Summary Of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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:

	September 30,				December 31,
	2020				2019
Trade Accounts Receivables at period end		$	288,611			$	276,551
Reserve for estimated marketing allowances			(77,102	)			(263,092	)
Total Accounts Receivable, net		$	211,509			$	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:

	September 30,				December 31,
	2020				2019
Balance at the beginning of the period		$	1,936,020			$	1,936,020
Impairment charges - net			(490,766	)			-
Balance at September 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
	September 30, 2020		September 30, 2019
Basic and Diluted weighted average shares outstanding		46,296,364		46,882,538

	Nine Months Ended		Nine Months Ended
	September 30, 2020		September 30, 2019
Basic and Diluted weighted average shares outstanding		46,350,909		46,874,256

Schedule of Net Revenue by Major Source

The following tables disaggregates net revenue by geographical area:

	For the Three Months Ended September 30, 2020						For the Three Months Ended September 30, 2019
	Capstone Brand			% of Revenue			Capstone Brand			% of Revenue
Lighting Products- U.S.		$	433,167		61	%		$	4,980,249		93	%
Lighting Products-International			276,487		39	%			373,941		7	%
Total Net Revenue		$	709,654		100	%		$	5,354,190		100	%

	For the Nine Months Ended September 30, 2020						For the Nine Months Ended September 30, 2019
	Capstone Brand			% of Revenue			Capstone Brand			% of Revenue
Lighting Products- U.S.		$	1,261,641		71	%		$	10,965,258		93	%
Lighting Products-International			503,548		29	%			775,556		7	%
Total Net Revenue		$	1,765,189		100	%		$	11,740,814		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 September 30, 2020 and December 31, 2019 balance sheets:

	September 30,			December 31,
	2020			2019
Balance at the beginning of the period	$	247,850		$	212,495
Amount accrued		28,196			180,797
Expenditures		(221,898	)		(145,442	)
Balance at period-end	$	54,148		$	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 September 30, 2020 and December 31, 2019, respectively:

	September 30,		December 31,
	2020		2019
Accounts payable	$	256,181	$	273,606
Accrued warranty reserve		54,148		247,850
Accrued compensation, benefits, marketing allowances and other liabilities		322,421		114,137
Total accrued liabilities		376,569		361,987
Total	$	632,750	$	635,593