Quarterly report pursuant to Section 13 or 15(d)

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Reclassifications

The following table reflects the reclassification adjustment effect in the three and nine months ended September 30, 2019:


 

 

Before Reclassification

 

 

 

 

After Reclassification

 

 

 

For the Three Months Ended

 

 

 

 

For the Three Months Ended

 

 

 

September 30,

 

 

 

 

September 30,

 

 

 

2019

 

 

 

 

2019

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

Selling and marketing expenses

 

$

98,311

 

 

Sales and marketing

 

$

214,979

 

Salaries, wages and contract labor

 

 

1,438,608

 

 

Engineering

 

 

339,282

 

Research and development

 

 

97,273

 

 

Research and development

 

 

273,555

 

Professional fees

 

 

43,903

 

 

AI technologies

 

 

476,960

 

General and administrative expenses

 

 

479,265

 

 

Administration

 

 

852,584

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Expenses

 

$

2,157,360

 

 

 

 

$

2,157,360

 


 

 

Before Reclassification

 

 

 

 

After Reclassification

 

 

 

For the Nine Months Ended

 

 

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

 

 

September 30,

 

 

 

2019

 

 

 

 

2019

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

Selling and marketing expenses

 

$

336,433

 

 

Sales and marketing

 

$

735,599

 

Salaries, wages and contract labor

 

 

4,045,689

 

 

Engineering

 

 

963,831

 

Research and development

 

 

328,403

 

 

Research and development

 

 

1,144,715

 

Professional fees

 

 

188,876

 

 

AI technologies

 

 

860,947

 

General and administrative expenses

 

 

1,465,918

 

 

Administration

 

 

2,660,227

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Expenses

 

$

6,365,319

 

 

 

 

$

6,365,319