SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

SCHEDULE OF ERRORS RESULTED IN MISSTATEMENTS

These errors resulted in misstatements to our Balance Sheets, Statements of Operations, Statements of Stockholders’ Equity, and Statements of Cash Flows as of and for the three and nine months ended September 30, 2021 and 2020, as follows:

	As of September 30, 2021
	As Previously			Restatement			As
	Reported			Adjustment			Restated
BALANCE SHEET
Equity awards liability	$	-			782,834		$	782,834
Liability for shares withheld	$	-			1,244,458		$	1,244,458
Total current liabilities	$	4,049,625			2,027,292		$	6,076,917
Total liabilities	$	4,059,362			2,027,292		$	6,086,654
Common stock (dollars)	$	18,736			(92	)	$	18,644
Additional paid-in capital	$	140,905,895			4,751,432		$	145,657,327
Accumulated deficit	$	(119,126,799	)		(6,778,632	)	$	(125,905,431	)
Total stockholders’ equity	$	21,797,832			(2,027,292	)	$	19,770,540
Common stock (shares)		18,735,915			(92,634	)		18,643,281

	For the three months ended September 30, 2021
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF OPERATIONS
Selling, general and administrative expenses	$	2,856,794			73,479		$	2,930,273
Total operating expenses	$	4,272,460			73,479		$	4,345,939
Loss from operations	$	(951,821	)		(73,479	)	$	(1,025,300	)
Net loss	$	(952,233	)		(73,479	)	$	(1,025,712	)
PER SHARE INFORMATION
Loss per common share
Basic and Diluted	$	(0.05	)		(0.01	)	$	(0.06	)
Weighted average common shares used in computing per share amounts -Basic and Diluted		18,735,097			(92,634	)		18,642,463

	For the nine months ended September 30, 2021
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF OPERATIONS
Selling, general and administrative expenses	$	7,951,970			3,736,238		$	11,688,208
Total operating expenses	$	12,056,501			3,736,238		$	15,792,739
Loss from operations	$	(2,765,424	)		(3,736,238	)	$	(6,501,662	)
Net loss	$	(2,750,084	)		(3,736,238	)	$	(6,486,322	)
PER SHARE INFORMATION
Loss per common share
Basic and Diluted	$	(0.15	)		(0.20	)	$	(0.35	)
Weighted average common shares used in computing per share amounts - Basic and Diluted		18,653,823			(73,811	)		18,580,012

	For the three months ended September 30, 2020
	As Previously		Restatement			As
	Reported		Adjustment			Restated
STATEMENT OF OPERATIONS
Selling, general and administrative expenses	$	1,472,094		3,042,394		$	4,514,488
Total operating expenses	$	2,379,857		3,042,394		$	5,422,251
Income (loss) from operations	$	25,419		(3,042,394	)	$	(3,016,975	)
Net income (loss)	$	32,412		(3,042,394	)	$	(3,009,982	)
PER SHARE INFORMATION
Income (loss) per common share
Basic and Diluted	$	0.00		(0.16	)	$	(0.16	)
Weighted average common shares used in computing per share amounts -
Basic		18,336,107		-			18,336,107
Diluted		18,764,994		(428,887	)		18,336,107

	For the nine months ended September 30, 2020
	As Previously			Restatement			As
	Reported			Adjustment			/Restated
STATEMENT OF OPERATIONS
Selling, general and administrative expenses	$	4,341,985			3,042,394		$	7,384,379
Total operating expenses	$	7,179,359			3,042,394		$	10,221,753
Loss from operations	$	(719,445	)		(3,042,394	)	$	(3,761,839	)
Net loss	$	(701,259	)		(3,042,394	)	$	(3,743,653	)
PER SHARE INFORMATION
Loss per common share
Basic and Diluted	$	(0.04	)		(0.18	)	$	(0.22	)
Weighted average common shares used in computing per share amounts -
Basic and Diluted		16,960,770			-			16,960,770

	For the three months ended September 30, 2021
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF STOCKHOLDERS’ EQUITY
Net loss	$	(952,233	)		(73,479	)	$	(1,025,712	)
Common stock (shares)		18,735,915			(92,634	)		18,643,281
Common stock (dollars)	$	18,736			(92	)	$	18,644
Additional paid-in capital	$	140,905,895			4,751,432		$	145,657,327
Accumulated deficit	$	(119,126,799	)		(6,778,632	)	$	(125,905,431	)
Total stockholders’ equity	$	21,797,832			(2,027,292	)	$	19,770,540

	For the nine months ended September 30, 2021
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF STOCKHOLDERS’ EQUITY
Exercise of stock options, net of cashless exercise of 58,122 shares and 92,634 shares withheld	$	46,470			1,708,946		$	1,755,416
Net loss	$	(2,750,084	)		(3,736,238	)	$	(6,486,322	)
Common stock (shares)		18,735,915			(92,634	)		18,643,281
Common stock (dollars)	$	18,736			(92	)	$	18,644
Additional paid-in capital	$	140,905,895			4,751,432		$	145,657,327
Accumulated deficit	$	(119,126,799	)		(6,778,632	)	$	(125,905,431	)
Total stockholders’ equity	$	21,797,832			(2,027,292	)	$	19,770,540

	Three months ended September 30, 2020
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF STOCKHOLDERS’ EQUITY
Exercise of liability awards	$	-			3,042,394		$	3,042,394
Net income (loss)	$	32,412			(3,042,394	)	$	(3,009,982	)
Accumulated deficit	$	(117,636,371	)		(3,042,394	)	$	(120,678,765	)
Additional paid-in capital	$	138,411,649			3,042,394		$	141,454,043
Total stockholders’ equity	$	20,793,668			-		$	20,793,668

	Nine months ended September 30, 2020
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF STOCKHOLDERS’ EQUITY
Exercise of liability awards	$	-			3,042,394		$	3,042,394
Net loss	$	(701,259	)		(3,042,394	)	$	(3,743,653	)
Accumulated deficit	$	(117,636,371	)		(3,042,394	)	$	(120,678,765	)
Additional paid-in capital	$	138,411,649			3,042,394		$	141,454,043
Total stockholders’ equity	$	20,793,668			-		$	20,793,668

	For the nine months ended September 30, 2021
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF CASH FLOWS
Net loss	$	(2,750,084	)		(3,736,238	)	$	(6,486,322	)
Equity compensation	$	2,270,205			3,736,238		$	6,006,443
Supplemental disclosure of noncash investing and financing activities:
Reclassification of stock option awards	$	-			1,411,108		$	1,411,108

	For the nine months ended September 30, 2020
	As Previously			Restatement			As
	Reported			Adjustment			Restated
STATEMENT OF CASH FLOWS
Net loss	$	(701,259	)		(3,042,394	)	$	(3,743,653	)
Equity compensation	$	286,909			3,042,394		$	3,329,303

SCHEDULE OF DISAGGREGATION OF REVENUE

In the following tables, revenue is disaggregated by product and service and the timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue.

	For the Three Months Ended September 30,
	2021		2020
Products and services
Software as a Service (SaaS)	$	3,245,274	$	2,451,381
Other subscription and support services		3,282		36,346
Equipment		1,470,333		176,061
Non-recurring services		12,000		29,000
Extended warranties on equipment		1,405		5,058
Other		98,935		1,129
	$	4,831,229	$	2,698,975
Timing of revenue recognition
Products transferred at a point in time	$	1,569,268	$	177,190
Services transferred over time		3,261,961		2,521,785
	$	4,831,229	$	2,698,975

	For the Nine Months Ended September 30,
	2021		2020
Products and services
Software as a Service (SaaS)	$	9,254,591	$	6,361,150
Other subscription and support services		22,588		186,280
Equipment		2,931,980		1,011,608
Non-recurring services		65,200		70,450
Extended warranties on equipment		7,009		17,232
Other		209,543		9,722
	$	12,490,911	$	7,656,442
Timing of revenue recognition
Products transferred at a point in time	$	3,141,523	$	1,021,330
Services transferred over time		9,349,388		6,635,112
	$	12,490,911	$	7,656,442

SCHEDULE OF REVENUE PERFORMANCE OBLIGATION

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period:

	Remainder
	2021		2022		2023		Total
Software as a Service (SaaS)	$	550,647	$	812,288	$	3,136	$	1,366,071
Other subscription and support services		3,086		5,649		2,602		11,337
Extended warranties on equipment		1,097		2,324		1,219		4,640
	$	554,830	$	820,261	$	6,957	$	1,382,048

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2021			2020			2021			2020
Numerator:
Net loss	$	(1,025,712	)	$	(3,009,982	)	$	(6,486,322	)	$	(3,743,653	)
Denominator:
Weighted average common shares – Basic and Diluted		18,642,463			18,336,107			18,580,012			16,960,770
Net loss per share –
Basic and Diluted	$	(0.06	)	$	(0.16	)	$	(0.35	)	$	(0.22	)

SUMMARY OF COMMON STOCK EQUIVALENTS EXCLUDED FROM LOSS PER DILUTED SHARE

The following table summarizes the common stock equivalents excluded from loss per diluted share because their effect would be anti-dilutive to the net loss:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Stock options		502,424		653,882		502,424		653,882
Warrants		-		12,680		-		12,680
Restricted stock		408,657		4,499		408,657		4,499
Performance stock units		228,498		265,942		228,498		265,942
		1,139,579		937,003		1,139,579		937,003