Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Operating Results of Discontinued Operations

The following table represents the components of operating results from discontinued operations, as presented in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2020 and 2019:

 

    Year Ended December 31,  
    2020     2019  
             
Revenues   $ -     $ 107,584  
                 
Cost of Sales     12,963       33,803  
Depreciation and amortization     -       16,626  
Sales and marketing     2,856       315,713  
General and administrative     170,196       842,667  
Non-operating (expense) income     (8,301 )     195,593  
Loss from discontinued operations before income tax     (193,613 )     (905,632 )
Income tax expense     -       146,702  
Net loss from discontinued operations   $ (193,613 )   $ (1,052,334 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of basic net loss per share for the years ended December 31, 2020 and 2019 excludes the potentially dilutive securities summarized in the table below because their inclusion would be anti-dilutive.

 

    As of December 31,  
    2020     2019  
             
Warrants to purchase common stock     125,000       125,000  
Stock options     66,126       295,793  
Unvested restricted stock     206,775       27,319  
Total dilutive securities     397,901       448,112