Dais (DLYT) 10-Q 12 Oct 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Oct. 12, 2021
Cover [Abstract]
Entity Registrant Name	DAIS CORPORATION
Entity Central Index Key	0001125699
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		9,415,425
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-53554
Entity Incorporation State Country Code	NY
Entity Tax Identification Number	14-1760865
Entity Address Address Line 1	11552 Prosperous Drive
Entity Address City Or Town	Odessa
Entity Address State Or Province	FL
Entity Address Postal Zip Code	33556
City Area Code	727
Local Phone Number	375-8484
Entity Interactive Data Current	Yes

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 88,932	$ 36,516
Accounts receivable, net	16,984	502
Other receivables	22,833	6,169
Inventory	66,266	65,656
Prepaid expenses	61,670	30,670
Total Current Assets	256,685	139,513
Property and equipment, net	3,146	4,501
OTHER ASSETS:
Deposits	4,780	4,780
Patents, net	156,406	153,592
Total Other Assets	161,186	158,372
TOTAL ASSETS	421,017	302,386
CURRENT LIABILITIES:
Accounts payable, including related party payables of $301,962 and $305,081 at June 30, 2021 and December 31, 2020, respectively	992,518	984,485
Accrued expenses, other, including interest due to related party of $809,892 and $679,239 at June 30, 2021 and December 31, 2020, respectively	1,137,555	1,515,740
Accrued compensation and related benefits	2,168,688	2,120,951
Customer deposits	93,145	43,109
Notes payable to related parties	2,174,897	2,125,600
Current portion of deferred revenue	323,656	348,656
Derivative liabilities	0	3,845,662
Note payable - due within one year	313,000	26,200
Convertible notes payable	0	1,453,960
Total Current Liabilities	7,203,459	12,464,363
Notes payable - due after one year	417,090	294,750
Total Liabilities	7,620,549	12,759,113
STOCKHOLDERS' DEFICIT
Preferred stock, undesignated; $0.01 par value; 7,990,000 shares authorized; no shares issued and outstanding	0	0
Common stock; $0.01 par value; 1,100,000,000 shares authorized; 9,415,425 shares issued and 9,414,796 shares outstanding at June 30, 2021 and 278,757 shares issued and 278,128 shares outstanding at December 31, 2020, respectively	94,154	2,788
Capital in excess of par value	49,323,885	45,976,660
Accumulated deficit	(55,155,459)	(56,974,063)
TOtal Stockholders' Deficit Non controling	(5,737,420)	(10,994,615)
Treasury stock at cost, 629 shares at June 30, 2021 and December 31, 2020, respectively	(1,462,112)	(1,462,112)
Total Stockholders' Deficit	(7,199,532)	(12,456,727)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	421,017	302,386
Preferred Stock Series A [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, undesignated; $0.01 par value; 7,990,000 shares authorized; no shares issued and outstanding	0	0
Preferred Stock, Series B [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, undesignated; $0.01 par value; 7,990,000 shares authorized; no shares issued and outstanding	$ 0	$ 0

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Common stock, shares par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,100,000,000	1,100,000,000
Common stock, shares issued	9,415,425	278,757
Common stock, shares outstanding	9,414,796	278,128
Treasury stock shares	629	629
Related party payables included in accounts payable	$ 301,962	$ 305,081
Interest payable, related party included in accrued expenses	$ 809,892	$ 679,239
Preferred Stock Series A [Member]
Preferred stock, shares par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred Stock, Series B [Member]
Preferred stock, shares par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	10	10
Preferred stock, shares outstanding	10	10
Preferred Stock Undesignated [Member]
Preferred stock, shares par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	7,990,000	7,990,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
REVENUE
Sales	$ 109,181	$ 193,074	$ 171,990	$ 468,032
Royalty and license fees	12,500	12,500	25,000	25,000
Revenue	121,681	205,574	196,990	493,032
COST OF GOODS SOLD	45,030	126,745	82,890	268,219
GROSS MARGIN	76,651	78,829	114,100	224,813
OPERATING EXPENSES
Research and development, net of government grant proceeds of $29,886, $18,824, $60,966 and $57,334, respectively	26,329	33,931	39,846	74,226
Selling, general and administrative	1,023,687	260,839	1,285,074	516,744
TOTAL OPERATING EXPENSES	1,050,016	294,770	1,324,920	590,970
LOSS FROM OPERATIONS	(973,365)	(215,941)	(1,210,820)	(366,157)
OTHER INCOME (EXPENSE)
Interest expense	(159,956)	(234,494)	(360,808)	(588,490)
Change in fair value of derivative liabilities	60,311	1,911,951	2,241,678	585,198
Gain on extinguishment of debt	1,148,554	0	1,148,554	0
TOTAL OTHER INCOME (EXPENSE), NET	1,048,909	1,677,457	3,029,424	(3,292)
NET INCOME (LOSS)	$ 75,544	$ 1,461,516	$ 1,818,604	$ (369,449)
NET INCOME (LOSS) PER COMMON SHARE, BASIC	$ 0.02	$ 5.26	$ 1.29	$ (1.33)
NET LOSS PER COMMON SHARE, DILUTED	$ (0.13)	$ (0.02)	$ (0.17)	$ (1.33)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC	3,691,248	278,128	1,994,429	278,128
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, DILUTED	8,330,809	16,964,471	7,825,922	278,128

CONDENSED STATEMENT OF STOCKHOL

CONDENSED STATEMENT OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Preferred Stock	Common Stock	Capital in Excess of Par Value	Accumulated Deficit	Treasury Stock
Balance, shares at Dec. 31, 2019		10	278,757
Balance, amount at Dec. 31, 2019	$ (9,668,994)	$ 0	$ 2,788	$ 45,976,660	$ (54,186,330)	$ (1,462,112)
Net income (loss)	(1,830,965)	$ 0	$ 0	0	(1,830,965)	0
Balance, shares at Mar. 31, 2020		10	278,757
Balance, amount at Mar. 31, 2020	(11,499,959)	$ 0	$ 2,788	45,976,660	(56,017,295)	(1,462,112)
Balance, shares at Dec. 31, 2019		10	278,757
Balance, amount at Dec. 31, 2019	(9,668,994)	$ 0	$ 2,788	45,976,660	(54,186,330)	(1,462,112)
Net income (loss)	(369,449)
Balance, shares at Jun. 30, 2020		10	278,757
Balance, amount at Jun. 30, 2020	(10,038,443)	$ 0	$ 2,788	45,976,660	(54,555,779)	(1,462,112)
Balance, shares at Mar. 31, 2020		10	278,757
Balance, amount at Mar. 31, 2020	(11,499,959)	$ 0	$ 2,788	45,976,660	(56,017,295)	(1,462,112)
Net income (loss)	1,461,516	$ 0	$ 0	0	1,461,516	0
Balance, shares at Jun. 30, 2020		10	278,757
Balance, amount at Jun. 30, 2020	(10,038,443)	$ 0	$ 2,788	45,976,660	(54,555,779)	(1,462,112)
Balance, shares at Dec. 31, 2020		10	278,757
Balance, amount at Dec. 31, 2020	(12,456,727)	$ 0	$ 2,788	45,976,660	(56,974,063)	(1,462,112)
Net income (loss)	1,743,060	$ 0	$ 0	0	1,743,060	0
Balance, shares at Mar. 31, 2021		10	278,757
Balance, amount at Mar. 31, 2021	(10,713,667)	$ 0	$ 2,788	45,976,660	(55,231,003)	(1,462,112)
Balance, shares at Dec. 31, 2020		10	278,757
Balance, amount at Dec. 31, 2020	(12,456,727)	$ 0	$ 2,788	45,976,660	(56,974,063)	(1,462,112)
Net income (loss)	1,818,604
Balance, shares at Jun. 30, 2021		10	9,415,425
Balance, amount at Jun. 30, 2021	(7,199,532)	$ 0	$ 94,154	49,323,885	(55,155,459)	(1,462,112)
Balance, shares at Mar. 31, 2021		10	278,757
Balance, amount at Mar. 31, 2021	(10,713,667)	$ 0	$ 2,788	45,976,660	(55,231,003)	(1,462,112)
Net income (loss)	75,544	0	$ 0	0	75,544	0
Shares and warrants issued for services, shares			2,100,000
Shares and warrants issued for services, amount	751,457	0	$ 21,000	730,457	0	0
Shares and warrants issued for settlement of debt, shares			7,036,668
Shares and warrants issued for settlement of debt, amount	2,687,134	$ 0	$ 70,366	2,616,768	0	0
Balance, shares at Jun. 30, 2021		10	9,415,425
Balance, amount at Jun. 30, 2021	$ (7,199,532)	$ 0	$ 94,154	$ 49,323,885	$ (55,155,459)	$ (1,462,112)

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 1,818,604	$ (369,449)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred debt issue costs	0	5,848
Depreciation and amortization	10,605	22,349
Stock based compensation	751,457	0
Change in fair value of derivative liability	(2,241,678)	(585,198)
Gain on extinguishment of debt	(1,148,554)	0
Non-cash interest expenses	124,290	261,946
Amortization of debt discount	0	101,899
Gain on extinguishment of debt	0	0
Legal fees paid through proceeds of notes payable	0	0
(Increase) decrease in:
Accounts receivable	(16,482)	(22,722)
Inventory	(610)	29,378
Other receivables	(16,664)	25,550
Prepaid expenses/Other assets	(31,000)	(54,642)
Increase (decrease) in:
Accounts payable	8,033	(7,484)
Accrued expenses	323,006	260,886
Customer deposits	50,036	(34,017)
Deferred revenue	(25,000)	(25,000)
Net cash used in operating activities	(393,957)	(390,656)
CASH FLOWS FROM INVESTING ACTIVITIES:
Increase in patent costs	(12,064)	(14,070)
Net cash used in investing activities	(12,064)	(14,070)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable - related parties	49,297	135,000
Proceeds from notes payable	435,340	348,750
Repayment of note	(26,200)	0
Net cash provided by financing activities	458,437	483,750
Net increase in cash	52,416	79,024
Cash, beginning of period	36,516	4,083
Cash, end of period	88,932	83,107
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	0
NON-CASH FINANCING AND FINANCING ACTIVITIES
Issuance of common stock and warrants upon settlement of notes and accrued interest	2,687,134	0
Notes and accrued interest settled with common stock and warrants	2,107,414	0
Derivative liability extinguished	$ 1,728,274	$ 0

Background Information

Background Information	6 Months Ended
	Jun. 30, 2021
Background Information
Note 1. Background Information	Note 1. Background Information Dais Corporation (“Dais”, “us,” “we,”, the “Company”), a New York corporation, is a nano-structured polymer technology materials company having developed and now commercializing products using its platform of nanomaterial called Aqualyte™. The Company was incorporated in April 1993 and its corporate headquarters is in Odessa, Florida. Our Products The Company’ uses its proprietary Aqualyte nanomaterial to integrate it into traditional or new product form factors. It is management’s belief based on 3 rd Nanomaterial Platform - Aqualyte™ Aqualyte Nanomaterial is made from commercially available polymer resin and industrial grade solvents which are mixed using a proprietary process with traditional industrial equipment, and solvents. The resin and the solvents are commercially available from a number of chemical supply houses or firms such as Dow. Our process changes the molecular properties of the starting polymer resins such that in their final Aqualyte form they offer very different properties. Aqualyte is a technology with carefully tailored properties for use in air, energy, and water applications. This modified block copolymer membrane with a nanoscale structure serves as the foundation of the Dais product line. The material forms a nonporous plastic membrane able to move moisture through itself while blocking passage of most gases and volatile compounds. Company and third party data suggest the membrane is robust and has no pores to clog or to accumulate bacterial or fungal growth over time. Multiple independent third parties have validated the performance of Aqualyte and the protection it provides from the harmful effects of viral and bacterial pathogens, differentiating products using the Aqualyte Nanomaterial Platform from their competition. The Company continues to develop next generation versions of its Aqualyte nanomaterial working to increase existing feature performance, add new features, and improving its cost. The Company sells Aqualyte to skilled OEMs using it’s features and properties to create their own improved or new products in a range of applications. ConsERV™ We continue to work to expand sales channels to drive growth of revenues of the ConsERV product. ConsERV is an HVAC energy conservation and emissions lowering product which should, according to various tests, save up to 30% on HVAC operating costs, lower CO 2 The Company is dependent on third parties to manufacture the key components needed for its nanostructured materials and some portion of the value-added products made with these materials. Accordingly, a suppliers’ failure to supply components in a timely manner, or to supply components that meet the Company’s quality, quantity and cost requirements or technical specifications, or the inability to obtain alternative sources of these components on a timely basis or on acceptable terms, would create delays in production of the Company’s products and/or increase its unit costs of production. Certain of the components or the processes of the Company’s suppliers are proprietary. If the Company was ever required to replace any of its suppliers, it should be able to obtain comparable components from alternative suppliers at comparable costs, but this would create a delay in production and may briefly affect the Company’s operations. Basis of Presentation The Company’s accompanying condensed financial statements are unaudited, but in the opinion of management reflect all adjustments necessary to fairly state the Company’s financial position, results of operations, stockholders’ deficit and cash flows as of and for the dates and periods presented. The financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information. The unaudited financial statements and notes are presented as permitted by Form 10-Q. Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted although the Company generally believes that the disclosures are adequate to ensure that the information presented is not misleading. The accompanying financial statements and notes should be read in conjunction with the audited financial statements and notes of the Company for the fiscal year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on September 17, 2021. The results of operations for the three and six month periods ended June 30, 2021 are not necessarily indicative of the results that may be expected for any future quarters or for the entire year ending December 31, 2021.

Going Concern and Managements P

Going Concern and Managements Plans	6 Months Ended
	Jun. 30, 2021
Going Concern and Managements Plans
Note 2. Going Concern and Management's Plans	Note 2. Going Concern and Management’s Plans The accompanying financial statements have been prepared assuming the Company will continue as a going concern. Although the Company generated income of $1,818,604 for the six months ended June 30, 2021, this resulted primarily from a noncash gain on change in derivative liabilities of $2,241,678 and a noncash gain on extinguishment of debt of $1,148,554. The Company has incurred significant losses since inception and, as of June 30, 2021, the Company has an accumulated deficit of $55,155,459, total stockholders’ deficit of $7,199,532, negative working capital of $6,946,774 and cash of $88,932. The Company used $393,957 and $390,656 of cash in operations during the six months ended June 30, 2021 and 2020, respectively, which was funded primarily by proceeds from loans from related parties and third parties. There is no assurance that any such financing will be available in the future. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company is currently pursuing the following sources of short and long-term working capital: 1. The Company has selected targeted parties that it is actively working with who are interested in licensing, purchasing the rights to, or establishing a joint venture to commercialize applications of the Company’s technology; 2. The Company continues to seek capital from certain strategic and/or government (grant) related sources. These sources may, pursuant to any agreements that may be developed in conjunction with such funding, assist in the product definition and design, roll-out and channel penetration of products; and 3. The Company is actively working with newer investors, private equity companies, purchase order financing parties, and its existing debt holders to restructure its existing debt, and obtain short and long-term working and growth capital. Any failure by the Company to timely procure additional financing or investment adequate to fund the ongoing operations, including planned product development initiatives and commercialization efforts, will have material adverse consequences on the Company’s financial condition, results of operations and cash flows as could any unfavorable terms. There are no assurances the Company will be able to obtain the financing and planned product development commercialization. Accordingly, the Company may not have the ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies
Note 3. Significant Accounting Policies	Note 3. Significant Accounting Policies The significant accounting policies followed are: Use of estimates - Significant estimates underlying the Company’s reported financial position and results of operations include the allowance for doubtful accounts, fair value of derivative liabilities, valuation allowance on deferred taxes and the warranty reserve. Revenue recognition - In certain instances, the Company’s ConsERV system product may carry a limited warranty of up to one year for all parts contained therein except for the energy recovery ventilator core produced and sold by the Company. The distributor of the ConsERV system may carry a limited warranty of up to ten years. The limited warranty includes replacement of defective parts for the ConsERV system and includes workmanship and material failure for the ConsERV core. The Company recorded an accrual of $91,531 for future warranty expenses at June 30, 2020 and December 31, 2019, which is included in accrued expenses, other. Royalty revenue is recognized as earned. The Company recognized royalty revenue of $0 for the three and six months ended June 30, 2021 and 2020, respectively. Revenue derived from the sale of licenses is deferred and recognized as license fee revenue on a straight-line basis over the life of the license, or until the license arrangement is terminated. The Company recognized license fee revenue of $12,500 and $12,500 for the three months ended June 30, 2021 and 2020, respectively and $25,000 and $25,000 for the six months ended June 30, 2021 and 2020, respectively. The Company accounts for revenue arrangements with multiple elements under the provisions of ASC Topic 605-25, “Revenue Recognition-Multiple-Element Arrangements.” In order to account for these agreements, the Company must identify the deliverables included within the agreement and evaluate which deliverables represent separate units of accounting based on if certain criteria are met, including whether the delivered element has stand-alone value to the licensee. The consideration received is allocated among the separate units of accounting, and the applicable revenue recognition criteria are applied to each of the separate units. In December 2017, the Company and Zhejiang MENRED Environmental Tech Co, Ltd., Zhejiang Province, China (“Menred”), entered into a License and Supply Agreement (the “Agreement”), effective December 21, 2017. Pursuant to the Agreement, the Company licensed certain intellectual property and improvements to Menred, for use in the manufacture and sale of energy recovery ventilators (“ERV”) and certain other HVAC systems for installation in commercial, residential or industrial buildings in China. Menred also agreed to purchase its requirements of certain products from the Company for Menred’s use, pursuant to the terms and conditions of the Agreement. Menred will also pay royalties, as defined, to the Company on a quarterly basis, based on price and production volume as provided by Menred. No royalties are due within the first year of the Agreement. Also pursuant to the Agreement, the Company is required to purchase 50,000 square meters of Product from Menred for delivery as an annual minimum with a 10,000 square meter minimum order quantity per delivery. The Agreement has a ten-year term with mutually agreed upon five-year extensions. Shipping and handling fees billed to customers are included in revenue. Shipping and handling fees associated with freight are generally included in cost of revenue. Cash and cash equivalents - Concentrations – Fair Value of Financial Instruments - Inventory - Property and equipment - Intangible assets Research and development expenses and funding proceeds - Derivative Liability Fair Value Measurements The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: · Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. · Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. · Level 3 - Inputs that are both significant to the fair value measurement and unobservable. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company has recorded a derivative liability for its convertible notes which contain variable conversion prices. The table below summarizes the fair values of our financial liabilities as of June 30, 2021: Fair Value at June 30, Fair Value Measurement Using 2021 Level 1 Level 2 Level 3 Derivative liability $ - $ - $ - $ - The reconciliation of the derivative liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows for the six months ended June 30, 2021 and 2020: June 30, June 30, 2021 2020 Balance, beginning of period $ 3,845,662 $ 2,349,471 Additions 124,290 261,946 Extinguished derivative liability (1,728,274 ) - Change in fair value of derivative liabilities (2,241,678 ) (585,198 ) Balance, end of period $ - $ 2,026,219 Earnings (loss) per share Reconciliation of diluted loss per share for the three month periods ended June 30, 2021 and 2020 and for the six month period ended June 30, 2021 is as follows: Three Months Ended Three Months Ended Six Months Ended Net income attributable to common shareholders $ 75,544 $ 1,461,516 $ 1,818,604 Income attributable to note derivatives Change in fair value of derivatives (60,311 ) (1,911,951 ) (2,241,678 ) Gain on extinguishment of debt (1,148,554 ) (1,148,554 ) Expense attributable to note derivatives Interest expense 88,756 167,959 216,378 Diluted loss attributable to common shareholders $ (1,044,565 ) $ (282,476 ) $ (1,355,250 ) Basic shares outstanding 3,691,248 278,128 1,994,429 Derivative notes and interest shares 4,639,561 16,686,343 5,831,493 Diluted shares outstanding 8,330,809 16,964,471 7,825,922 Diluted loss per share $ (0.13 ) $ (0.02 ) $ (0.17 ) Recent Accounting Pronouncements - In December 2019, the FASB issued ASU 2019-12, “ Simplifying the Accounting for Income Taxes Other recent accounting pronouncements issued by the FASB and the SEC did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Accrued Expenses Other

Accrued Expenses Other	6 Months Ended
	Jun. 30, 2021
Accrued Expenses Other
Note 4. Accrued Expenses, Other	Note 4. Accrued Expenses, Other Accrued expenses, other consists of the following: June 30, December 31, 2021 2020 Accrued expenses, other $ 224,404 $ 185,656 Accrued interest 821,620 1,238,553 Accrued warranty costs 91,531 91,531 $ 1,137,555 $ 1,515,740

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions
Note 5. Related Party Transactions	Note 5. Related Party Transactions The Company rents a building that is owned by two stockholders of the Company, one of which is the Chief Executive Officer. Rent expense for this building is $4,066 per month, including sales tax. The Company recognized rent expense related to this lease of $12,198 and $12,198 for the three months ended June 30, 2021 and 2020, respectively and $24,396 and $24,396 for the six months ended June 30, 2021 and 2020, respectively The lease term will terminate upon 30 days’ written notice from landlord or 90 days written termination from us. The lease is considered to be short term or month to month. The Company has accrued compensation due to the Chief Executive Officer as of June 30, 2021 and December 31, 2020 of $2,031,376 and $1,983,639, respectively, included in accrued compensation and related benefits in the accompanying balance sheets. On June 24, 2016, the Company entered into a Loan and Security Agreement (“Security Agreement”) with Patricia Tangredi (the “Holder”) pursuant to which the Company issued a Senior Secured Promissory Note for $150,000 (the “Note”). The interest rate is 12% per annum compounded daily with a minimum interest payment of $2,000. The Note grants the Holder a secured interest in the assets of the Company. Ms. Tangredi is the wife of Tim N. Tangredi, the Company’s CEO and stockholder, and therefore is a related party of the Company. Pursuant to the Note, the Company is to pay the Holder the principal amount of $150,000 plus all interest due thereon in accordance with terms and conditions of the Security Agreement on the earlier of: (i) the date upon which the Company secures funds, regardless of source, equal to or exceeding, in the aggregate, $1,000,000 or (ii) October 31, 2016 (the “Maturity Date”). During 2016 to the period ended June 30, 2021, the Holder extended the Note pursuant to various amendments. Pursuant to the amendments, the principal amount due was increased to $2,164,897 with an extended maturity date of April 8, 2021. As of the date of filing, the maturity date is being renegotiated with the Senior Secured Note Holder. The Senior Secured Note Holder has not placed the note into default pending the outcome of the renegotiation process. The Company has used the proceeds of the Note and related amendments for working capital purposes. Interest expense on the Note was $66,370 and $57,866 for the three-month periods ended June 30, 2021 and 2020, respectively and $130,353 and $113,526 for the six-month periods ended June 30, 2021 and 2020, respectively. Accrued interest on the Note was $808,842 and $678,489 at June 30, 2021 and December 31, 2020, respectively. During May 2019 Dais Holdings Corp. (Dais Holdings”) was formed in Vancouver, B.C. and is wholly owned by our Chief Executive Officer. Dais Holdings’ purpose is to facilitate debt financing in Europe. The intent is for Dais Holdings to enter into the debt transactions. It will then immediately loan any proceeds received to the Company on the same or similar terms as the European debt. To date, Dais Holdings has not entered into any transactions and Dais Corporation has not received any funding from Dais Holdings. The Company has paid the professional and other fees for setting up the Dais Holdings structure, aggregating $150,000. Ultimately, Dais Corporation will benefit from the Dais Holdings capital raise activities, and therefore has borne the cost. The costs have been expensed as incurred. On October 12, 2019, the Company entered into a promissory note with an entity controlled by our Chief Executive Officer in the amount of $10,000. The note bears interest at 10% per year and matures on October 12, 2021. Interest expense on the note was $150 for each of the three month periods ended June 30, 2021 and 2020, respectively, and was $300 for each of the three month periods ended June 30, 2021 and 2020, respectively. Accrued interest was $1,050 and $750 at June 30, 2021 and December 31, 2020, respectively. On February 27, 2015, the Company, and Tim N. Tangredi, the Company’s Chief Executive Officer entered into an amendment (the “Tangredi Employment Agreement Amendment”) to Mr. Tangredi’s Amended and Restated Employment Agreement. Currently, the Company has non-interest-bearing accrued compensation due to the Chief Executive Officer for deferred salaries earned and unpaid as described above. The Tangredi Employment Agreement Amendment provides that, if at any time during a calendar year, the unpaid compensation is greater than $500,000, Mr. Tangredi must convert $100,000 of unpaid compensation into the Company’s common stock during such calendar year. The conversion rate shall be equal to 75% of the average closing price for the Company’s common stock for the 30 trading days prior to the date of conversion. The Company shall also pay to Mr. Tangredi a cash payment equal to 20% of the compensation income incurred because of the conversion. The Company has waived the conversion requirement from 2015 to the present. See Note 13 Commitments and Contingencies for further disclosure of the terms of Mr. Tangredi’s employment agreement. Further, at any time any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act) of greater of 40% of the then-outstanding voting power of the voting equity interests of the Company or a person or group initiate a tender offer for the Company’s common stock, Mr. Tangredi may convert unpaid compensation into Class A Convertible Preferred Stock (“Class A Preferred Stock”) of the Company at a conversion price of $1.50 per share. The Board of Directors waived the requirement to convert $100,000 of unpaid compensation into common stock during 2016. No amounts have been converted under the terms of the Tangredi Employment Agreement Amendment to date. The above terms and amounts are not necessarily indicative of the terms and amounts that would have been incurred had comparable transactions been entered into with independent parties.

Equity Transactions

Equity Transactions	6 Months Ended
	Jun. 30, 2021
Equity Transactions
Note 6. Equity Transactions	Note 6. Equity Transactions Preferred Stock At June 30, 2021 and December 31, 2020, the Company’s Board of Directors has authorized 10,000,000 shares of preferred stock with a par value of $0.01 to be issued in series with terms and conditions to be determined by the Board of Directors. 2,000,000 of the shares of preferred stock has been designated as Class A Preferred Stock. The Class A Preferred Stock shall entitle the holder thereof to 150 votes on all matters submitted to a vote of the stockholders of the Company. 10,000 of the shares of preferred stock has been designated as Class B Preferred Stock. The Class B Stock includes the right to vote in an amount equal to 51% of the votes to approve certain corporate actions, including, without limitation, changing the name of the Company and increasing the number of authorized shares. Upon any liquidation, dissolution or winding up of the Company, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Class A or Class B Preferred Stock unless, prior thereto, the holders of shares of Class A or Class B Preferred Stock shall have received $1.50 per share (the “Stated Amount”). The Class A and Class B Preferred Stock shall rank, with respect to the payment of liquidation, dividends and the distribution of assets, senior to the Company’s Common Stock. The Holder (as defined in the Class A Preferred Stock certificate of designations) of the Class A Preferred Stock may convert all or part of the outstanding and unpaid Stated Amount (as defined in the Class A Preferred Stock certificate of designations) into fully paid and non-assessable shares of the Company’s common stock at the Conversion Price (as defined in the Class A Preferred Stock certificate of designations). The number of shares receivable upon conversion equals the Stated Amount divided by the Conversion Price. The Conversion Price shall be equal to the 75% of the average closing price for the 30 trading days prior to the election to convert. At no time will the Company convert any of the Stated Amount into common stock if that would result in the Holder beneficially owning more than 49% of the sum of the voting power of the Company’s outstanding shares of common stock plus the voting power of the Class A Preferred Stock. No shares of Class A Preferred Stock have been issued. The shares of the Class B Preferred Stock shall be automatically redeemed by the Company at $0.01 per share on the date that Tim N. Tangredi ceases, for any reason, to serve as an officer, director, or consultant of the Company. Common Stock At June 30, 2021 and December 31, 2020, the Company’s Board of Directors has authorized 1,100,000,000 shares of common stock with a par value of $0.01to be issued in series with terms and conditions to be determined by the Board of Directors. During the three months ended June 30, 2021, the Company issued 7,036,668 shares of common stock and 3,576,733 common stock purchase warrants in settlement of convertible notes payable and related accrued interest. The shares were valued at $1,829,534 and the warrants were valued at $857,600. During the three months ended June 30, 2021, the Company issued 2,100,000 shares of common stock, valued at $567,000, for services. There were no common stock transactions in 2020. Options and Warrants In January 2021, outstanding Options and Warrants held by Employees, Board Members and the Company’s Secured Note Holder were surrendered by Holders to the Company. The warrants issued in 2021 in connection with the settlement of debt have an exercise price of $0.30per share and expire on June 30, 2022. The fair value of the warrants was $857,600, determined using the Black Scholes Model with the following assumptions: (1) risk free interest rate of 0.05%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of the Company’s common stock of 367%; and (4) an expected life of 11.5 months. During the three months ended June 30, 2021, the Company issued 700,000 warrants for services. The warrants have an exercise price of $0.05 per share and expire on May 18, 2022. The fair value of the warrants was $184,457, determined using the Black Scholes Model with the following assumptions: (1) risk free interest rate of 0.06%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of the Company’s common stock of 376%; and (4) an expected life of 1 year.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2021
Notes Payable
Note 7. Notes Payable	Note 7. Notes Payable Paycheck Protection Program Loans On January 25, 2021, the Company received $122,340 in a loan borrowed from a bank pursuant to the Paycheck Protection Program under the CARES Act guaranteed by the Small Business Administration (“SBA”), which we expect to be forgiven in part or in full, subject to our compliance with the conditions of the Paycheck Protection Program. If not forgiven, the terms on the note provide for interest at 1% per year and the note mature in 24 months, with 18 monthly payments of $8,146 beginning after the initial 6 month deferral period for payments. On April 29, 2020, the Company received $144,750 in a loan borrowed from a bank pursuant to the Paycheck Protection Program under the CARES Act guaranteed by the Small Business Administration (“SBA”), which we expect to be forgiven in part or in full, subject to our compliance with the conditions of the Paycheck Protection Program. If not forgiven, the terms on the note provide for interest at 1% per year and the note mature in 24 months, with 18 monthly payments of $8,146 beginning after the initial 6 month deferral period for payments. This loan was subsequently forgiven in full on August 29, 2021. Small Business Administration Loan On June 12, 2020, the Company received $150,000 in a loan borrowed from the SBA. Installment payments, including principal and interest, of $731 monthly, will begin 12 months from the date of the note. The balance of principal and interest will mature 30 years from the date of the note. Interest will accrue at the rate of 3.75% per year. On March 16, 2021, the U.S. Small Business Administration announced that the deferment period for the repayment would be extended an additional 12 months. Secured Promissory Note On December 15, 2020, the Company received $26,200 pursuant to a secured promissory note. The note bore interest at 10% per year and matured on March 20, 2021. The note provided for a minimum payment of $2,000 for fees and expenses incurred by the lender. The note was secured by the Company’s receivables, inventory and interest in a certain purchase order issued to the Company by a customer. The note was repaid in 2021. JMS Investments Between April of 2021 and June 30, 2021, JMS Investments of Staten Island, NY, USA invested $313,000 in seven separate transactions and between July 1, 2021 and October 10, 2021 JMS invested an additional $193,000 in two separate transactions. JMS’s investment total stands at $506,000 made in nine separate transactions. The sums are repayable in the form of one-year demand notes having an interest rate of 8.5%.

Convertible Notes Payable and E

Convertible Notes Payable and Exchange Program	6 Months Ended
	Jun. 30, 2021
Convertible Notes Payable and Exchange Program
Note 8. Convertible Notes Payable and Exchange Program	Note 8. Convertible Notes Payable and Exchange Program Debt to Equity Exchange Program In the period from June 2017 through the end of December 2019, the Company entered eight Convertible Note Holder agreements with eight Note Holders totaling, with all fees, interest, and principal, $2,008,812 as of December 31, 2020. The notes were not considered to be in default and were being renegotiated at March 31, 2021. Subsequently, as of May 31, 2021, each Convertible Noteholder received their fees, interest, and principal totaling $2,107,414 in shares of Common stock of the Company (at $.030 per share) with 50% warrant coverage (1 year cash warrant with a strike price of $0.30). All documents were executed by June 30, 2021 with all equity/warrants issued by July 31, 2021. The Company issued 7,036,668 Common shares, and 3,576,733 Warrant shares in this transaction. The Company’s convertible promissory notes at June 30, 2021 and December 31, 2020 are as follows: June 30, 2021 December 31, 2020 Convertible notes payable, bearing interest at 8-10% $ - $ 1,453,960 Current portion $ - $ 1,453,960 The company entered into various convertible notes during 2019 and 2018, aggregating $1,453,960 at the time of settlement in the second quarter of 2021. During the second quarter of 2021 the Company issued 7,036,668 shares of common stock, valued at $1,829,534 and 3,576,733 warrants, valued at $857,600, in settlement of $1,453,960 of notes payable and $653,454 of accrued interest. Derivative liability of $1,728,274 was extinguished as a result of the settlement. The Company recorded a gain on extinguishment of $1,148,554. During the three months ended June 30, 2020, the Company amortized $20,373 of debt discount and $1,250 of debt issue costs to interest expense. During the six months ended June 30, 2020, the Company amortized $101,899 of debt discount and $5,848 of debt issue costs to interest expense.

Derivative Liabilities

Derivative Liabilities	6 Months Ended
	Jun. 30, 2021
Derivative Liabilities
Note 9. Derivative Liabilities	Note 9. Derivative Liabilities The Company has identified certain embedded derivatives related to its convertible notes. Since the notes are convertible into a variable number of shares or have a price reset feature, the conversion features of those notes are recorded as derivative liabilities. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date and to adjust to fair value as of each subsequent balance sheet date. The Company has recorded additions to the derivative conversion liabilities related to the conversion feature attributable to interest accrued during the period. These additions totaled $49,157 and $97,254 for the three months ended June 30, 2021 and 2020, respectively, and $124,290 and $261,946 for the six months ended June 30, 2021 and 2020, respectively and were charged to interest expense. During the three and six months ended June 30, 2021, through the date of settlement of the debt, the Company recorded income of $60,311 and $2,241,678 related to the change in the fair value of the derivatives. The fair value of the embedded derivatives was $1,728,274 at the date of settlement, determined using the Black Scholes Model with the following assumptions: (1) risk free interest rate of 0.01%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of the Company’s common stock of 315%; and (4) an expected life of 3 months. During the three and six months ended June 30, 2020, the Company recorded income of $1,911,951 and $585,198 related to the change in the fair value of the derivatives. During the second quarter of 2021 the Company issued 7,036,668 shares of common stock, valued at $1,829,534 and 3,576,733 warrants, valued at $857,600, in settlement of $1,453,960 of notes payable and $653,454 of accrued interest. Derivative liability of $1,728,274 was extinguished because of the settlement. The Company recorded a gain on extinguishment of $1,148,554.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies
Note 10. Commitments and Contingencies	Note 10. Commitments and Contingencies Litigation From time to time, claims are made against the Company in the ordinary course of its business, which could result in litigation. Claims and associated litigation are subject to inherent uncertainties and unfavorable outcomes could occur, such as monetary damages, fines, penalties, or injunctions prohibiting the Company from selling one or more products or engaging in other activities. The occurrence of an unfavorable outcome in any specific period could have a material adverse effect on the Company’s results of operations for that period or future periods. In the third quarter of 2015, the Company commenced an action for the cancellation of the 37,500,000 shares issued to Soex (the “Shares”) in connection with a Securities Purchase Agreement, dated January 21, 2014 (“Soex SPA”), and 3,750,000 shares issued to Zan Investment Advisory Limited (“Zan”), which is affiliated with Soex through Aifan Liu, who was appointed as a Company board observer by SOEX and her husband, Xinghong Hua. Sharon Han, General Manager and Chairwoman of Soex, served on our board pursuant to the provisions of the Soex SPA. Ms. Han resigned from the Board of Directors effective February 1, 2016. On April 24, 2014, we entered into a Distribution Agreement (the “Distribution Agreement”), with Soex to distribute certain of the Company’s products in China. As reported in the Company’s Form 10-K for the year ended December 31, 2014 and filed with the Securities and Exchange Commission on April 1, 2015, the Company was entitled to receive, pursuant to the Distribution Agreement, royalties, and a $500,000 payment, of which $50,000 has been received, that was due on or before October 24, 2014. Further, the Company reported it had not received any royalties from Soex. Soex is in breach of the Distribution Agreement. As first reported in the Company’s Form 10-Q for the quarter ended June 30, 2015, the Company began pursuing legal action against Soex for breach of the Soex SPA and Distribution Agreement. On July 8, 2015, the Company filed a lawsuit in state courts in Florida against Soex and Zan. Pursuant to the Distribution Agreement, Soex is in material breach of the following: (1) Section 1(a) of the Distribution Agreement for Soex’s failure to make a $225,000 payment to the Company for the appointment of Soex as the exclusive distributor of the Products in the Field and Territory (the “Distribution Payment Default”) in accordance with the terms set forth in the Distribution Agreement. Such payment was due on October 20, 2014 (the “Payment Date”). (2) Section 8(b) of the Distribution Agreement for Soex’s failure to make a $225,000 payment to the Company for the grant of the license and right to manufacture, sell, lease and distribute Products (excluding manufacture of MTM), and to use the Intellectual Property in connection therewith (the “License Payment Default” and, together with the Distribution Payment Default, the “Payment Default”) in accordance with the terms set forth in the Distribution Agreement. Such payment was due on the Payment Date. (3) Section 15(b) of the Distribution Agreement for Soex’s failure to issue to the Company 25% of the equity (the “Equity Default”) of SOEX (Beijing) Environmental Protection Technology Company Limited (the “China Subsidiary”). As a result of the above, we terminated the Soex Distribution Agreement. As provided in Section 14€ of the Soex Distribution Agreement, the Company has the right to enforce any obligation due to us by Soex. As a result, Soex still must (a) pay the remaining $450,000 due under the Distribution Agreement and the amount of Royalties due, plus interest at 1.5% per month (18% per year) with interest accruing from the date that payment was due and (b) issue to us 25% of the equity of SOEX (Beijing) Environmental Protection Technology Company Limited. As provided in Section 14(b), neither us nor Soex shall be liable for compensation, reimbursement, or damages due to loss of profits on sales or anticipated sales or losses due to expenditures, investments or commitments made or in connection with the establishment, development or maintenance of the business. The Soex Litigation was moved to the U.S. District Court for the Middle District of Florida where Soex has instituted a counterclaim (Civil Docket Case #: 8:15-CV-02362-MSS-EAJ). On September 19, 2018, a pre-trial conference was held in Tampa finding a trial date set for October 22, 2018. The trial for the original case was held between October 22 and 24, 2018. The jury at the conclusion of the trial did not award monetary damages to either party for claims or counterclaims. On October 24, 2018, the Company initiated a third lawsuit against an affiliate of Soex, Zhongshan Trans-Tech New Material Technology Co. Ltd. Zhongshan, China, (“Transtech”), and the Chairperson of the affiliate and Soex, based on new information learned by the Company. The Company will seek maximum relief and damages for this on-going and growing illegal misuse the Company’s Intellectual Property. The Company feels this third action will lead in a judgment in favor of the Company. Accounts Payable The firms below have pursued legal action against the Company to collect overdue accounts payable sums. The Company is working with each to enter into a settlement plan, or “pay over time” payment plan. To date the Company has one agreement in place with SoftinWay. Company Sum Owned Payment Plan Legal Action Old Dominion Freight Line $ 13,575.95 No Yes Power Plant Services $ 85,199.11 No Yes SoftinWay $ 15,350.00 Yes Yes The O-Ring Store $ 10,334.00 No Yes Total $ 124,459.06

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2021
Subsequent Event
Note 11. Subsequent Events	Note 11. Subsequent Events No material events have occurred after June 30, 2021 that requires recognition or disclosure in the financial statements except as follows: The Company’s first PPP loan for $144,750 received as a loan borrowed from a bank pursuant to the Paycheck Protection Program under the CARES Act guaranteed by the Small Business Administration (“SBA”), was officially forgiven by the US Small Business Administration on August 29, 2021. No further sum(s) are due. Between April of 2021 and June 30, 2021, JMS Investments of Staten Island, NY, USA invested $313,000 in seven separate transactions and between July 1, 2021 and October 10, 2021 JMS invested an additional $193,000 in two separate transactions. JMS’s investment total stands at $506,000 made in nine separate transactions. The sums are repayable in the form of one-year demand notes having an interest rate of 8.5%. In September of 2021 in one transaction GS Capital Partners, Brooklyn, NY placed $220,000 in the Company in the form of a one-year convertible note. The Note is convertible into Common stock of the Company at a fixed price of $.10 per share, and the receipt of a five-year warrant to purchase 1,466,666 shares of Common stock at an exercise price of $.15 per share. The sums advanced by GS Capital Partners and JMS Investments together form a “bridge loan” for use by the Company to, among other actions, bring all filings current to return to fully reporting status with the SEC and OTC, and allow the Company to obtain the critical resources which allow Dais to grow as management and the bridge investors believe is possible using the company’s proven nanotechnology in sustainable product in a worldwide market. JMS Investments and the Company are working on the final investment form, the sums (and uses). It is expected that the full investment plan will be ready for announcement in the fourth quarter of 2021. In July 2021 the Company issued shares and warrant shares to four companies. These four companies assisted Dais in (a.) negotiating and closing the Debt-to-Equity Program, (b.) arranging the bridge sum of $706,000 and (c.) crafting past convertible note holder transactions and advising the ‘work in progress’ investment structure for Dais. The total number of Common shares issued was 2,100,000 at a price of $.30 per share, and the total number of one year cash warrant shares issued was 700,000 having a strike price of $.05 per share. These issuances closed out the Company’s contractual commitments to these four companies.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies
Use of estimates	Use of estimates - Significant estimates underlying the Company’s reported financial position and results of operations include the allowance for doubtful accounts, fair value of derivative liabilities, valuation allowance on deferred taxes and the warranty reserve.
Revenue recognition	Revenue recognition - In certain instances, the Company’s ConsERV system product may carry a limited warranty of up to one year for all parts contained therein except for the energy recovery ventilator core produced and sold by the Company. The distributor of the ConsERV system may carry a limited warranty of up to ten years. The limited warranty includes replacement of defective parts for the ConsERV system and includes workmanship and material failure for the ConsERV core. The Company recorded an accrual of $91,531 for future warranty expenses at June 30, 2020 and December 31, 2019, which is included in accrued expenses, other. Royalty revenue is recognized as earned. The Company recognized royalty revenue of $0 for the three and six months ended June 30, 2021 and 2020, respectively. Revenue derived from the sale of licenses is deferred and recognized as license fee revenue on a straight-line basis over the life of the license, or until the license arrangement is terminated. The Company recognized license fee revenue of $12,500 and $12,500 for the three months ended June 30, 2021 and 2020, respectively and $25,000 and $25,000 for the six months ended June 30, 2021 and 2020, respectively. The Company accounts for revenue arrangements with multiple elements under the provisions of ASC Topic 605-25, “Revenue Recognition-Multiple-Element Arrangements.” In order to account for these agreements, the Company must identify the deliverables included within the agreement and evaluate which deliverables represent separate units of accounting based on if certain criteria are met, including whether the delivered element has stand-alone value to the licensee. The consideration received is allocated among the separate units of accounting, and the applicable revenue recognition criteria are applied to each of the separate units. In December 2017, the Company and Zhejiang MENRED Environmental Tech Co, Ltd., Zhejiang Province, China (“Menred”), entered into a License and Supply Agreement (the “Agreement”), effective December 21, 2017. Pursuant to the Agreement, the Company licensed certain intellectual property and improvements to Menred, for use in the manufacture and sale of energy recovery ventilators (“ERV”) and certain other HVAC systems for installation in commercial, residential or industrial buildings in China. Menred also agreed to purchase its requirements of certain products from the Company for Menred’s use, pursuant to the terms and conditions of the Agreement. Menred will also pay royalties, as defined, to the Company on a quarterly basis, based on price and production volume as provided by Menred. No royalties are due within the first year of the Agreement. Also pursuant to the Agreement, the Company is required to purchase 50,000 square meters of Product from Menred for delivery as an annual minimum with a 10,000 square meter minimum order quantity per delivery. The Agreement has a ten-year term with mutually agreed upon five-year extensions. Shipping and handling fees billed to customers are included in revenue. Shipping and handling fees associated with freight are generally included in cost of revenue.
Cash and cash equivalents	Cash and cash equivalents -
Concentrations	Concentrations –
Fair Value of Financial Instruments	Fair Value of Financial Instruments -
Inventory	Inventory -
Property and equipment	Property and equipment -
Intangible assets	Intangible assets
Research and development expenses and funding proceeds	Research and development expenses and funding proceeds -
Derivative liability	Derivative Liability
Fair Value Measurements	Fair Value Measurements The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: · Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. · Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. · Level 3 - Inputs that are both significant to the fair value measurement and unobservable. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company has recorded a derivative liability for its convertible notes which contain variable conversion prices. The table below summarizes the fair values of our financial liabilities as of June 30, 2021: Fair Value at June 30, Fair Value Measurement Using 2021 Level 1 Level 2 Level 3 Derivative liability $ - $ - $ - $ - The reconciliation of the derivative liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows for the six months ended June 30, 2021 and 2020: June 30, June 30, 2021 2020 Balance, beginning of period $ 3,845,662 $ 2,349,471 Additions 124,290 261,946 Extinguished derivative liability (1,728,274 ) - Change in fair value of derivative liabilities (2,241,678 ) (585,198 ) Balance, end of period $ - $ 2,026,219
Earnings (loss) per share	Earnings (loss) per share Reconciliation of diluted loss per share for the three month periods ended June 30, 2021 and 2020 and for the six month period ended June 30, 2021 is as follows: Three Months Ended Three Months Ended Six Months Ended Net income attributable to common shareholders $ 75,544 $ 1,461,516 $ 1,818,604 Income attributable to note derivatives Change in fair value of derivatives (60,311 ) (1,911,951 ) (2,241,678 ) Gain on extinguishment of debt (1,148,554 ) (1,148,554 ) Expense attributable to note derivatives Interest expense 88,756 167,959 216,378 Diluted loss attributable to common shareholders $ (1,044,565 ) $ (282,476 ) $ (1,355,250 ) Basic shares outstanding 3,691,248 278,128 1,994,429 Derivative notes and interest shares 4,639,561 16,686,343 5,831,493 Diluted shares outstanding 8,330,809 16,964,471 7,825,922 Diluted loss per share $ (0.13 ) $ (0.02 ) $ (0.17 )
Recent Accounting Pronouncements	Recent Accounting Pronouncements - In December 2019, the FASB issued ASU 2019-12, “ Simplifying the Accounting for Income Taxes Other recent accounting pronouncements issued by the FASB and the SEC did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies
Schedule of fair value of derivative liability	Fair Value at June 30, Fair Value Measurement Using 2021 Level 1 Level 2 Level 3 Derivative liability $ - $ - $ - $ - Three Months Ended Three Months Ended Six Months Ended Net income attributable to common shareholders $ 75,544 $ 1,461,516 $ 1,818,604 Income attributable to note derivatives Change in fair value of derivatives (60,311 ) (1,911,951 ) (2,241,678 ) Gain on extinguishment of debt (1,148,554 ) (1,148,554 ) Expense attributable to note derivatives Interest expense 88,756 167,959 216,378 Diluted loss attributable to common shareholders $ (1,044,565 ) $ (282,476 ) $ (1,355,250 ) Basic shares outstanding 3,691,248 278,128 1,994,429 Derivative notes and interest shares 4,639,561 16,686,343 5,831,493 Diluted shares outstanding 8,330,809 16,964,471 7,825,922 Diluted loss per share $ (0.13 ) $ (0.02 ) $ (0.17 )
Schedule of reconciliation of the derivative liability	June 30, June 30, 2021 2020 Balance, beginning of period $ 3,845,662 $ 2,349,471 Additions 124,290 261,946 Extinguished derivative liability (1,728,274 ) - Change in fair value of derivative liabilities (2,241,678 ) (585,198 ) Balance, end of period $ - $ 2,026,219
Schedule of diluted loss per share

Accrued Expenses Other (Tables)

Accrued Expenses Other (Tables)	6 Months Ended
	Jun. 30, 2021
Accrued Expenses Other
Schedule of accrued expenses, other	June 30, December 31, 2021 2020 Accrued expenses, other $ 224,404 $ 185,656 Accrued interest 821,620 1,238,553 Accrued warranty costs 91,531 91,531 $ 1,137,555 $ 1,515,740

Convertible Notes Payable and_2

Convertible Notes Payable and Exchange Program (Tables)	6 Months Ended
	Jun. 30, 2021
Convertible Notes Payable and Exchange Program
Schedule of convertible notes payable	June 30, 2021 December 31, 2020 Convertible notes payable, bearing interest at 8-10% $ - $ 1,453,960 Current portion $ - $ 1,453,960

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies
Schedule of pursued legal action	Company Sum Owned Payment Plan Legal Action Old Dominion Freight Line $ 13,575.95 No Yes Power Plant Services $ 85,199.11 No Yes SoftinWay $ 15,350.00 Yes Yes The O-Ring Store $ 10,334.00 No Yes Total $ 124,459.06

Going Concern and Managements_2

Going Concern and Managements Plans (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Equity Transactions
Noncash gain on extinguishment of debt	$ 1,148,554				$ 1,148,554
Net income (loss)	75,544	$ 1,743,060	$ 1,461,516	$ (1,830,965)	1,818,604	$ (369,449)
Accumulated deficit	(55,155,459)				(55,155,459)		$ (56,974,063)
Total stockholders' deficit	(7,199,532)	$ (10,713,667)	$ (10,038,443)	$ (11,499,959)	(7,199,532)	(10,038,443)	(12,456,727)	$ (9,668,994)
Derivative liabilties	2,241,678				2,241,678
Working capital deficit	(6,946,774)				(6,946,774)
Net cash used in operating activities					(393,957)	$ (390,656)
Cash and cash equivalents	$ 88,932				$ 88,932		$ 36,516

Significant Accounting Polici_4

Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Derivative Liability	$ 1,728,274
Derivative Liability	0	$ 3,845,662
Level 1 [Member]
Derivative Liability	0
Level 2 [Member]
Derivative Liability	0
Level 3 [Member]
Derivative Liability	$ 0

Significant Accounting Polici_5

Significant Accounting Policies (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Significant Accounting Policies
Balance, beginning of year			$ 3,845,662	$ 2,349,471
Additions			124,290	261,946
Extinguished derivative liability			(1,728,274)
Change in fair value of derivative liabilities	$ (60,311)	$ (1,911,951)	(2,241,678)	(585,198)
Balance, ending of period			$ 0	$ 2,026,219

Significant Accounting Polici_6

Significant Accounting Policies (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Significant Accounting Policies
Net income attributable to common shareholders	$ 75,544	$ 1,461,516	$ 1,818,604
Change in fair value of derivative liabilities	(60,311)	(1,911,951)	(2,241,678)	$ (585,198)
Gain on extinguishment of debt	(1,148,554)	0	(1,148,554)
Expense attributable to note derivatives
Interest expense	88,756	167,959	216,378
Diluted loss attributable to common shareholders	$ (1,044,565)	$ (282,476)	$ (1,355,250)
Basic shares outstanding	3,691,248	278,128	1,994,429
Derivative notes and interest shares	4,639,561	16,686,343	5,831,493
Diluted shares outstanding	8,330,809	16,964,471	7,825,922
Diluted loss per share	$ (0.13)	$ (0.02)	$ (0.17)	$ (1.33)

Significant Accounting Polici_7

Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accrued warranty costs	$ 91,531		$ 91,531		$ 91,531
Amortization expense	$ 4,688	$ 4,313	$ 9,250	$ 8,651
Common share excluded from diluted earnings per share	3,526,733	250,834	3,526,733	16,937,178
Inventory raw materials	$ 44,311		$ 44,311		48,734
Inventory in process	3,709		3,709		4,843
Inventory finished goods	18,246		18,246		$ 12,079
Depreciation expense	367	$ 7,315	1,355	$ 13,698
Proceeds for research and development expenses	29,886	18,824	60,966	57,334
Research and development expenses	56,215	52,755	100,812	131,560
Royalty revenues			0	0
License fees revenue	$ 12,500	$ 12,500	$ 25,000	$ 25,000
Estimated useful lives of patents			17 years
Leasehold Improvements [Member]
Property plant and equipment, estimated useful lives			the shorter of their estimated useful lives of 5 years or the related lease term
Minimum [Member]
Property and equipment estimated useful life			3 years
Maximum [Member]
Property and equipment estimated useful life			7 years
Zhejiang MENRED Environmental Tech Co, Ltd [Member] | License and Supply Agreement [Member]
Agreement, description			the Company is required to purchase 50,000 square meters of Product from Menred for delivery as an annual minimum with a 10,000 square meter minimum order quantity per delivery. The Agreement has a ten-year term with mutually agreed upon five-year extensions
Account receivables [Member]
Concentration of risk, percentage			100.00%		100.00%
Number of customers					2
Revenue [Member]
Concentration of risk, percentage			74.00%	75.00%
Number of customers			3	5
Intangible Assets [Member]
Amortization expense			$ 18,200	$ 18,200

Accrued Expenses Other (Details

Accrued Expenses Other (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Accrued Expenses Other
Accrued expenses, other	$ 224,404	$ 185,656
Accrued interest	821,620	1,238,553
Accrued warranty costs	91,531	91,531
Total accrued Expenses	$ 1,137,555	$ 1,515,740

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Oct. 12, 2019	May 31, 2019	Jun. 24, 2016	Feb. 27, 2015	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Rent expense					$ 12,198	$ 12,198	$ 24,396	$ 24,396
Debt instrument, principal amount					2,164,897		$ 2,164,897
Lease term description							The lease term will terminate upon 30 days’ written notice from landlord or 90 days written termination
Building [Member]
Monthly rent expense							$ 4,066
Dais Holdings structure [Member]
Professional and other fees		$ 150,000
Mr. Tangredi [Member]
Unpaid compensation				$ 500,000
Converted unpaid compensation into common stock				$ 100,000			$ 100,000
Voting right				40.00%
Conversion rate				75.00%
Cash payment				20.00%
Conversion price									$ 1.50
Patricia Tangredi [Member] | Loan And Security Agreement [Member]
Debt instrument maturity date			Oct. 31, 2016
Interest rate			12.00%
Senior secured promissory note			$ 150,000
Senior secured debt, minimum interest payment			2,000
Extended maturity date							Oct. 31, 2020
Exceeding amount							$ 1,000,000
Principal loan amount			$ 150,000
Interest expense					66,370	57,866	130,353	113,526
Accrued interest					808,842		808,842		$ 678,489
Description for the terms of repayment of senior debt			the Company is to pay the Holder the principal amount of $150,000 plus all interest due thereon in accordance with terms and conditions of the Security Agreement on the earlier of: (i) the date upon which the Company secures funds, regardless of source, equal
Chief Executive Officer [Member]
Debt instrument maturity date	Oct. 12, 2021
Interest expense					150	$ 150	300	$ 300
Accrued interest					1,050		1,050		750
Interest bearing per year	10.00%
Accrued compensation					$ 2,031,376		$ 2,031,376		$ 1,983,639
Promissory note	$ 10,000

Equity Transactions (Details Na

Equity Transactions (Details Narrative)	3 Months Ended	6 Months Ended
	Jun. 30, 2021USD ($)integer$ / sharesshares	Jun. 30, 2021USD ($)integer$ / sharesshares	Dec. 31, 2020integer$ / sharesshares
Common stock par value | $ / shares	$ 0.01	$ 0.01	$ 0.01
Common stock shares issued, shares	9,415,425	9,415,425	278,757
Common stock purchase warrants	3,576,733	3,576,733
Common stock shares issued, amount | $	$ 1,829,534	$ 1,829,534
Common stock purchase warrants, amount | $	$ 857,600	$ 857,600
Common stock shares issued, shares	2,100,000	2,100,000
Common stock shares issued, amount | $	$ 567,000	$ 567,000
Common stock shares authorized	1,100,000,000	1,100,000,000	1,100,000,000
Shares and warrants issued for settlement of debt	7,036,668	7,036,668
Volatility rate		315.00%
Expected life		17 years
Dividend yield		0.00%
Debt [Member]
Fair value of warrants | $	$ 857,600	$ 857,600
Risk free interest rate		0.05%
Volatility rate		367.00%
Expected life		11 years 6 months
Dividend yield		0.00%
Warrant expiry date		June 30, 2022
Warrants, per price | $ / shares	$ 0.30	$ 0.30
Warrants [Member]
Exercise price | $ / shares	$ 0.05	$ 0.05
Common stock shares issued for service	700,000
Fair value of warrants | $	$ 184,457	$ 184,457
Risk free interest rate	0.06%
Volatility rate	376.00%
Expected life	1 year
Dividend yield	0.00%
Warrant expiry date	May 18, 2022
Board of Directors [Member]
Preferred stock shares authorized	10,000,000	10,000,000	10,000,000
Preferred stock, par value | $ / shares	$ 0.01	$ 0.01	$ 0.01
Preferred Stock, Series B [Member]
Preferred stock, shares par value | $ / shares	$ 0.01	$ 0.01	$ 0.01
Preferred stock shares authorized	10,000	10,000	10,000
Voting right description		equal to 51% of the votes to approve certain corporate actions
Preferred Stock Undesignated [Member]
Class A preferred stock shares	2,000,000	2,000,000	2,000,000
Preferred stock, shares par value | $ / shares	$ 0.01	$ 0.01	$ 0.01
Preferred stock shares authorized	7,990,000	7,990,000	7,990,000
Preferred Stock, Series A [Member]
Preferred stock shares authorized	2,000,000	2,000,000	2,000,000
Conversion price description		The Conversion Price shall be equal to the 75% of the average closing price for the 30 trading days prior to the election to convert. At no time will the Company convert any of the Stated Amount into common stock if that would result in the Holder beneficially
Per share | $ / shares	$ 1.50	$ 1.50	$ 1.50
Voting power		49.00%
Preferred stock, number of votes | integer	150	150	150

Notes Payable (Details Narrativ

Notes Payable (Details Narrative1)	6 Months Ended
	Jun. 30, 2021USD ($)
Interest rate	8.50%
Total investments	$ 506,000
December 15, 2020 [Member] | Senior Promissory Notes [Member]
Payment for fees and expenses	$ 2,000
Maturity date	Mar. 20, 2021
Interest rate	10.00%
Promissory Note	$ 26,200
January 25, 2021 [Member] | Senior Promissory Notes [Member]
Interest rate	1.00%
Loan agreement amount	$ 122,340
Debt instrument, payment terms	If not forgiven, the terms on the note provide for interest at 1% per year and the note mature in 24 months, with 18 monthly payments of $8,146 beginning after the initial 6 month deferral period for payments
June 12, 2020 [Member] | Small Business Administration Loan [Member]
Interest rate	3.75%
Loan agreement amount	$ 150,000
Debt instrument, payment terms	Installment payments, including principal and interest, of $731 monthly, will begin 12 months from the date of the note. The balance of principal and interest will mature 30 years from the date of the note
April 29, 2020 [Member] | Paycheck Protection Program [Member]
Interest rate	1.00%
Loan agreement amount	$ 144,750
Debt instrument, payment terms	If not forgiven, the terms on the note provide for interest at 1% per year and the note mature in 24 months, with 18 monthly payments of $8,146 beginning after the initial 6 month deferral period for payments. This loan was subsequently forgiven in full on August 29, 2021
July 1, 2021 [Member] | JMS Investments of Staten Island [Member]
Total investments	$ 193,000
April 2021 [Member] | JMS Investments of Staten Island [Member]
Total investments	$ 313,000

Convertible Notes Payable and_3

Convertible Notes Payable and Exchange Program (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Convertible Notes Payable and Exchange Program
Convertible notes payable, bearing interest at 8- 10%	$ 0	$ 1,453,960
Current portion	$ 0	$ 1,453,960

Convertible Notes Payable and_4

Convertible Notes Payable and Exchange Program (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	May 31, 2021	Dec. 31, 2020
Amortization of deferred debt issue costs		$ 1,250	$ 5,848
Amortization of debt discount			101,899
Amortization of debt discount		20,373	0	$ 101,899
Accrued interest expenses		0	653,454
Settlement of debt			$ 1,453,960
Warrants issued			3,576,733
Common stock valued	$ 94,154		$ 94,154			$ 2,788
Derivative liability	1,728,274		1,728,274
Accrued interest expenses			323,006	$ 260,886
Gain on extingushment	1,148,554	$ 0	1,148,554
Warrants valued			$ 857,600
2017 June Notes [Member]
Convertible notes payable					$ 2,107,414	$ 2,008,812
Strike price			$ 0.30
Common shares issued			7,036,668
Warrants issued			3,576,733
Common stock valued	1,829,534		$ 1,829,534
2018 Notes [Member]
Convertible notes payable	1,453,960		$ 1,453,960
Common shares issued			7,036,668
Warrants issued			3,576,733
Derivative liability	$ 1,728,274		$ 1,728,274
Accrued interest expenses			653,454
Gain on extingushment			1,148,554
Warrants valued			$ 857,600

Derivative Liabilities (Details

Derivative Liabilities (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Liabilities
Accrued interest	$ 653,454		$ 653,454
Shares and warrants issued for settlement of debt	7,036,668		7,036,668
Shares and warrants issued for settlement of debt, value			$ 1,829,534
Warrants issued			3,576,733
Settlement of debt			$ 1,453,960
Warrants valued			857,600
Gain on extingushment	$ 1,148,554	$ 0	1,148,554
Change in fair value of derivative liabilities	60,311	1,911,951	2,241,678	$ 585,198
Non-cash interest expenses	49,157	$ 97,254	124,290	261,946
Derivative liability extinguished			1,728,274	$ 0
Derivative liability	$ 1,728,274		$ 1,728,274
Risk free interest rate			0.01%
Volatility rate			315.00%
Expected life			3 years
Dividend yield			0.00%

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Jun. 30, 2021
Sum Owned		$ 124,459
Old Dominion Freight Line [Member]
Sum Owned		13,576
Payment Plan	No
Legal Action	Yes
SoftinWay[Member]
Sum Owned		15,350
Payment Plan	Yes
Legal Action	Yes
The O-Ring Store [Member]
Sum Owned		10,334
Payment Plan	No
Legal Action	Yes
Power Plant Services [Member]
Sum Owned		$ 85,199
Payment Plan	No
Legal Action	Yes

Commitments and Contingencies_3

Commitments and Contingencies (Details Narrative) - USD ($)	Jul. 08, 2015	Apr. 24, 2014	Jun. 30, 2021	Sep. 30, 2015
Soex [Member]
Royalty payments payable		$ 500,000
Royalty received		$ 50,000
Payment due date	Oct. 24, 2014
Failure to make payment for appointing as distributor	$ 225,000
Failure to make payment for grant of license	$ 225,000
Percentage of equity default	25.00%
Securities Purchase Agreement [Member] | Soex [Member]
Cancellation of share issued				37,500,000
Securities Purchase Agreement [Member] | Zan Investment Advisory Limited [Member]
Cancellation of share issued				3,750,000
Employment Agreement [Member] | Soex [Member]
Percentage of equity default			25.00%
Remaining balance to pay			$ 450,000
Interest rate per month			1.50%
Interest rate per year			18.00%

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - USD ($)	1 Months Ended		6 Months Ended
	Sep. 30, 2021	Jul. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Aug. 29, 2021	Jul. 01, 2021	Dec. 31, 2020
Interest rate			8.50%
Convertible note			$ 2,687,134	$ 0
Common stock, shares issued			9,415,425				278,757
Initial investment			$ 506,000
July 1, 2021 [Member] | JMS Investments of Staten Island [Member]
Initial investment			193,000
April 2021 [Member] | JMS Investments of Staten Island [Member]
Initial investment			$ 506,000
Four Companies [Member]
Exercise price		$ 0.05
Per share price		$ 0.30
Bridge loan		$ 706,000
Common stock, shares issued		2,100,000
Warrant shares issued		700,000
Subsequent Event [Member] | Paycheck Protection Program [Member]
PPP loan					$ 144,750
Subsequent Event [Member] | JMS Investments [Member]
Warrants purchased	1,466,666
Exercise price	$ 0.15
Per share price	$ 0.10
Convertible note	$ 220,000
Bridge loan						$ 313,000