Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of Reconciliation Statement of Cash Flows

The following table provides a reconciliation of cash and restricted cash reported in the unaudited condensed consolidated balance sheets that sum to the total of the same amounts show in the statement of cash flows.

 

    June 30,  
    2019     2018  
Cash     1,635,862       1,147,522  
Restricted deposits     816,466       -  
Total cash and restricted cash in the balance sheet     2,452,328       1,147,522  
Schedule of Net Sales Disaggregation by Product Category

The following table represents external net sales disaggregated by product category for the six months ended June 30,

 

    2019     2018  
Gas sold   $ 7,692,546     $ 2,520,106  
Equipment rentals     473,067       135,058  
Equipment sales     2,371,461       1,398,533  
Other     236,319       25,767  
Total Revenues from Customers     10,773,393       4,079,464  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of June 30, 2019, and 2018 the Company’s common stock equivalents outstanding were as follows:

 

    June 30,  
    2019     2018  
Options     11,491       11,554  
Common Stock Warrants     12,766,528       11,111  
Convertible preferred stock     -       149,531  
Total common stock equivalents outstanding     12,778,019       172,196