Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Schedule of liabilities carried at fair value, measured

    Quoted Price in Active Markets
(Level 1)
    Significant Other Observable Inputs
(Level 2)
    Significant
Unobservable Inputs
(Level 3)
    Balance at
September 30,
2019
 
Derivative liabilities: Warrants   $         -     $          -     $ 2,595,611     $ 2,595,611  
Schedule of derivative liabilities measured at fair value

Balance of derivative liabilities as of December 31, 2018   $ -  
Initial fair value of derivative liabilities attributable to warrants issuance with equity raise     4,217,241  
Gain from change in the fair value of derivative liabilities     (1,621,630 )
Balance of derivative liabilities as of September 30, 2019   $ 2,595,611  

Schedule of cash balances by geographic area
Country:   September 30, 2019     December 31, 2018  
United States   $ 563,078       52.5 %   $ 1,035,802       46.0 %
China     509,262       47.5 %     1,216,485       54.0 %
Total cash   $ 1,072,340       100.0 %   $ 2,252,287       100.0 %
Schedule of the effect of including these potential shares was antidilutive
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2019     2018     2019     2018  
Stock options     5,070,000       2,670,000       5,070,000       2,670,000  
Warrants     1,714,288       578,891       1,714,288       578,891  
Potentially dilutive securities     6,784,288       3,248,891       6,784,288       3,248,891