SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Disaggregated Revenue

The table below allocates revenue between domestic and international customers.  The following table presents Flexpoint Sensor Systems revenues disaggregated by region and product type:

Three months ended:		September 30,							September 30,
				2020						2019
		Consumer		Long-term					Consumer	Long-term
Segments		Products		Contract		Total			Products	Contract	Total
Domestic	$	10,123		-		10,123	$		27,907	-	27,907
International		14,815		-		14,815			26,305	-	26,305
	$	24,938		-		24,938	$		54,209	-	54,209
Components		21,938	-		21,938			27,089		-	27,089
Engineering Services		3,000	-		3,000			27,120		-	27,120
	$	24,938	-		24,938		$	54,209		-	54,209

Nine months ended:			September 30,						September 30,
					2020							2019
			Consumer		Long-term				Consumer			Long-term
Segments			Products		Contract		Total		Products			Contract		Total
Domestic	$		38,842		-		38,842	$	563,055			-		563,055
International			67,394		-		67,394		128,195			-		128,195
	$		106,236		-		106,236	$	691,250			-		691,250
Components				38,842	-	38,842				103,907	-		103,907
Engineering Services				67,394	-	67,394				137,343	-		137,343
Licensing fee				-	-	-				450,000	-		450,000
		$		106,236	-	106,236		$		691,250	-		691,250