Quarterly report pursuant to Section 13 or 15(d)

Non-Cash Expenses

v3.20.2
Non-Cash Expenses
9 Months Ended
Sep. 30, 2020
Other Income and Expenses [Abstract]  
Non-Cash Expenses

Note 9 – Non-Cash Expenses

 

The following table details the Company's non-cash expenses included in the accompanying condensed statements of operations:

 

    For the Three Months Ended
September 30,
    For the Nine Months Ended
September 30,
 
    2020     2019     2020     2019  
Operating expenses:                        
Stock-based compensation   $ 370,685     $ 584,510     $ 1,906,457     $ 2,012,333  
Depreciation & amortization     36,753       36,468       121,053       107,951  
Subtotal   $ 407,438     $ 620,978     $ 2,027,510     $ 2,120,284  
                                 
Other expense:                                
Amortization of debt discount     49,693       105,085       224,095       315,255  
Equity modification     489,645       -       2,290,688       -  
Subtotal   $ 539,338     $ 105,085     $ 2,514,783     $ 315,255  
                                 
Total non-cash  expenses   $ 946,776     $ 726,063     $ 4,542,293     $ 2,435,539