Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
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 Revenue Source and Geographical Location for Sales and Usage-Based Taxes

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     $ -