General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Accounting Policies [Abstract]    
Schedule of Depreciation of Estimated Useful Lives  

Depreciation is calculated using the straight-line method over the estimated useful lives of the respective assets are as follows.

 

Furniture and office equipment   7 years
Research and development equipment   3 to 7 years
Information technology equipment   5 years
Software   3 years

Schedule of Revenues Disaggregated by Revenue Source and Geographical Location

The following table presents our revenues disaggregated by revenue source and geographical location. Sales and usage-based taxes are included as a component of revenues for the nine-months ended:

 

        September 30, 2019     September 30, 2018  
Geographical area   Source   (Unaudited)     (Unaudited)  
United States   Nutraceuticals   $ 439,505     $ 1,118,486  
Hong Kong   Nutraceuticals   $ -     $ 16,413  

The following table presents our revenues disaggregated by revenue source and geographical location. Sales and usage-based taxes are included as a component of revenues for the years ended December 31:

 

Geographical area   Source     2018     2017  
United States     Nutraceuticals     $ 1,494,462     $ 610,323  
Hong Kong     Nutraceuticals     $ 16,413     $ -