Minim (MINM) 10-Q 19 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 19, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	1-37649
Entity Registrant Name	MINIM, INC.
Entity Central Index Key	0001467761
Entity Tax Identification Number	04-2621506
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	848 Elm Street
Entity Address, City or Town	Manchester
Entity Address, State or Province	NH
Entity Address, Postal Zip Code	03101
City Area Code	(833)
Local Phone Number	966-4646
Title of 12(b) Security	Common Stock, $0.01 per share
Trading Symbol	MINM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,504,232

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 4,217,110	$ 12,570,445
Restricted cash	500,000	500,000
Accounts receivable, net of allowance of doubtful accounts of $231,004 and $236,819 as of June 30, 2022 and December 31, 2021, respectively	6,269,645	4,880,663
Inventories, net	34,340,864	33,891,287
Prepaid expenses and other current assets	446,533	587,885
Total current assets	45,774,152	52,430,280
Equipment, net	713,335	762,818
Operating lease right-of-use assets, net	253,575	241,626
Goodwill	58,872	58,872
Intangible assets, net	201,559	262,698
Other assets	635,036	544,738
Total assets	47,636,529	54,301,032
Current liabilities
Bank credit line	5,554,063	5,065,074
Accounts payable	11,353,680	12,458,246
Current maturities of government loan		34,237
Current maturities of operating lease liabilities	159,324	143,486
Accrued expenses	4,779,033	5,279,917
Deferred revenue, current	560,124	291,296
Total current liabilities	22,406,224	23,272,256
Operating lease liabilities, less current maturities	94,251	98,811
Deferred revenue, noncurrent	542,441	443,452
Total liabilities	23,042,916	23,814,519
Commitments and Contingencies (Note 6)
Stockholders’ equity
Preferred Stock, authorized: 2,000,000 shares at $0.01 par value; 0 shares issued and outstanding
Common Stock, authorized: 60,000,000 shares at $0.01 par value; issued and outstanding: 46,315,958 shares at June 30, 2022 and 45,885,043 shares at December 31, 2021, respectively	463,158	458,850
Additional paid-in capital	90,381,124	89,313,273
Accumulated deficit	(66,250,669)	(59,285,610)
Total stockholders’ equity	24,593,613	30,486,513
Total liabilities and stockholders’ equity	$ 47,636,529	$ 54,301,032

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 231,004	$ 236,819
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	60,000,000	60,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	46,315,958	45,885,043
Common stock, shares outstanding	46,315,958	45,885,043

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 12,863,768	$ 14,893,145	$ 26,163,023	$ 29,910,719
Cost of goods sold	10,325,007	10,415,427	19,433,025	20,329,211
Gross profit	2,538,761	4,477,718	6,729,998	9,581,508
Operating expenses:
Selling and marketing	3,831,608	3,209,247	7,483,634	6,383,196
General and administrative	1,618,613	1,326,493	3,069,645	2,403,861
Research and development	1,374,408	1,386,358	2,916,990	2,774,530
Total operating expenses	6,824,629	5,922,098	13,470,269	11,561,587
Operating loss	(4,285,868)	(1,444,380)	(6,740,271)	(1,980,079)
Other income (expense):
Interest expense, net	(89,972)	(78,041)	(168,070)	(106,362)
Gain on forgiveness of debt (Note 5)				20,000
Total other expense	(89,972)	(78,041)	(168,070)	(86,362)
Loss before income taxes	(4,375,840)	(1,522,421)	(6,908,341)	(2,066,441)
Income taxes	50,719	31,490	56,719	32,990
Net loss	$ (4,426,559)	$ (1,553,911)	$ (6,965,060)	$ (2,099,431)
Net loss per share:
Basic and diluted	$ (0.10)	$ (0.04)	$ (0.15)	$ (0.06)
Basic and diluted weighted average common and common equivalent shares	46,344,916	35,482,181	46,181,335	35,368,931

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 350,749	$ 64,526,664	$ (57,086,943)	$ 7,790,470
Beginning balance, shares at Dec. 31, 2020	35,074,922
Net loss			(545,520)	(545,520)
Stock option exercises	$ 2,879	376,268		379,147
Stock option exercises, shares	287,932
Stock-based compensation		404,718		404,718
Ending balance, value at Mar. 31, 2021	$ 353,628	65,307,650	(57,632,463)	8,028,815
Ending balance, shares at Mar. 31, 2021	35,362,854
Beginning balance, value at Dec. 31, 2020	$ 350,749	64,526,664	(57,086,943)	7,790,470
Beginning balance, shares at Dec. 31, 2020	35,074,922
Net loss				(2,099,431)
Ending balance, value at Jun. 30, 2021	$ 356,350	65,858,315	(59,186,374)	7,028,291
Ending balance, shares at Jun. 30, 2021	35,631,239
Beginning balance, value at Mar. 31, 2021	$ 353,628	65,307,650	(57,632,463)	8,028,815
Beginning balance, shares at Mar. 31, 2021	35,362,854
Net loss			(1,553,911)	(1,553,911)
Stock option exercises	$ 2,722	339,541		342,263
Stock option exercises, shares	268,385
Stock-based compensation		211,124		211,124
Ending balance, value at Jun. 30, 2021	$ 356,350	65,858,315	(59,186,374)	7,028,291
Ending balance, shares at Jun. 30, 2021	35,631,239
Beginning balance, value at Dec. 31, 2021	$ 458,850	89,313,273	(59,285,610)	30,486,513
Beginning balance, shares at Dec. 31, 2021	45,885,043
Net loss			(2,538,500)	(2,538,500)
Stock option exercises	$ 1,807	97,362		99,169
Stock option exercises, shares	180,774
Stock-based compensation		562,875		562,875
Ending balance, value at Mar. 31, 2022	$ 460,657	89,973,510	(61,824,110)	28,610,057
Ending balance, shares at Mar. 31, 2022	46,065,817
Beginning balance, value at Dec. 31, 2021	$ 458,850	89,313,273	(59,285,610)	30,486,513
Beginning balance, shares at Dec. 31, 2021	45,885,043
Net loss				(6,965,060)
Ending balance, value at Jun. 30, 2022	$ 463,158	90,381,124	(66,250,669)	24,593,613
Ending balance, shares at Jun. 30, 2022	46,315,958
Beginning balance, value at Mar. 31, 2022	$ 460,657	89,973,510	(61,824,110)	28,610,057
Beginning balance, shares at Mar. 31, 2022	46,065,817
Net loss			(4,426,559)	(4,426,559)
Stock option exercises	$ 2,501	135,134		137,635
Stock option exercises, shares	250,141
Stock-based compensation		272,480		272,480
Ending balance, value at Jun. 30, 2022	$ 463,158	$ 90,381,124	$ (66,250,669)	$ 24,593,613
Ending balance, shares at Jun. 30, 2022	46,315,958

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows used in operating activities:
Net loss	$ (6,965,060)	$ (2,099,431)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	433,845	337,463
Amortization of right-of-use assets	91,965	54,971
Amortization of debt issuance costs	35,407	13,999
Amortization of sales contract costs	19,209	13,792
Stock-based compensation	835,355	615,842
Provision for accounts receivable allowances	(5,816)
Provision for inventory reserves	370,308	118,927
Non-cash loan forgiveness		(20,000)
Changes in operating assets and liabilities:
Accounts receivable	(1,383,166)	(51,511)
Inventories	(819,885)	(3,193,116)
Prepaid expenses and other current assets	141,352	94,664
Other assets	27,489	(79,690)
Accounts payable	(1,104,566)	454,713
Accrued expenses	(500,865)	(2,377,861)
Deferred revenue	367,817	966,399
Operating lease liabilities	(92,636)	(54,434)
Net cash used in operating activities	(8,549,247)	(5,205,273)
Cash flows from investing activities:
Purchases of equipment	(130,864)	(297,947)
Certification costs capitalized	(329,356)
Net cash used in investing activities	(460,220)	(297,947)
Cash flows from financing activities:
Net proceeds from the SVB bank credit line	453,582	7,307,578
Repayment of the Rosenthal bank credit line		(2,442,246)
Costs associated with bank credit line		(92,905)
Repayment of government loan	(34,252)
Proceeds from stock option exercises	236,802	721,409
Net cash provided by financing activities	656,132	5,493,836
Net decrease in cash and cash equivalents	(8,353,335)	(9,384)
Cash, cash equivalents, and restricted cash - Beginning	13,070,445	1,571,757
Cash, cash equivalents, and restricted cash - Ending	4,717,110	1,562,373
Cash paid during the period for:
Interest	167,703	106,417
Income taxes	56,719	32,990
Cash is reported on the consolidated statements of cash flows as follows:
Cash and cash equivalents	4,217,110	812,373
Restricted cash	500,000	750,000
Total cash, cash equivalents and restricted cash	$ 4,717,110	$ 1,562,373

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	(1) NATURE OF OPERATIONS AND BASIS OF PRESENTATION Minim, Inc. and its wholly owned subsidiaries, Cadence Connectivity, Inc., MTRLC LLC, and Minim Asia Private Limited, are herein collectively referred to as “Minim” or the “Company”. The Company delivers intelligent networking products that reliably and securely connect homes and offices around the world. We are the exclusive global license holder to the Motorola brand for home networking hardware. The Company designs and manufactures products including cable modems, cable modem/routers, mobile broadband modems, wireless routers, Multimedia over Coax (“MoCA”) adapters and mesh home networking devices. Our AI-driven cloud software platform and applications make network management and security simple for home and business users, as well as the service providers that assist them— leading to higher customer satisfaction and decreased support burden. On January 21, 2022, Zoom Connectivity, Inc. filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation to change its legal corporate name from “Zoom Connectivity, Inc.” to “Cadence Connectivity, Inc.”, effective as of January 21, 2022. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. generally accepted accounting principles (“GAAP”) can be condensed or omitted. In the opinion of management, the financial statements include all normal and recurring adjustments that are considered necessary for the fair presentation of the Company’s financial position and operating results. All intercompany balances and transactions have been eliminated in consolidation. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2021. The results of the Company’s operations can vary during each quarter of the year. Therefore, the results and trends in these interim financial statements may not be the same as those for the full year or any future periods. Certain amounts in the consolidated financial statements and associated notes may not add due to rounding. All percentages have been calculated using unrounded amounts. Certain prior year amounts have been reclassified to conform to the current year presentation. None of the reclassifications impacted the consolidated statements of operations for the three- and six- month period ended June 30, 2021. Liquidity The Company’s operations have historically been financed through the issuance of common stock and borrowings. Since inception, the Company has incurred significant losses and negative cash flows from operations. During the six months ended June 30, 2022, the Company incurred a net loss of $ 7.0 8.5 66.3 4.2

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies are disclosed in its Annual Report on Form 10-K/A for the year ended December 31, 2021. The Company’s significant accounting policies did not change during the six months ended June 30, 2022. Recently Adopted Accounting Standards None Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “ Financial Instruments Credit Losses —Measurement of Credit Losses on Financial Instruments With the exception of the new standard discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial position, results of operations and cash flows.

REVENUE AND OTHER CONTRACTS WIT

REVENUE AND OTHER CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE AND OTHER CONTRACTS WITH CUSTOMERS	(3) REVENUE AND OTHER CONTRACTS WITH CUSTOMERS Revenue is recognized for each distinct performance obligation as control is transferred to the customer. Revenue attributable to hardware products bundled with Software-as-a-Service (“SaaS”) offerings are recognized at the time control of the product transfers to the customer. The transaction price allocated to the SaaS offering is recognized ratably beginning when the customer is expected to activate their account and over a three-year period that the Company has estimated based on the expected replacement of the hardware. Transaction Price Allocated to the Remaining Performance Obligations The remaining performance obligations represent the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the end of the reporting period. Unsatisfied and partially unsatisfied performance obligations consist of contract liabilities, in-transit orders with destination terms, and non-cancellable backlog. Non-cancellable backlog includes goods for which customer purchase orders have been accepted, that are scheduled or in the process of being scheduled for shipment, and that are not yet invoiced. Contract costs The Company recognizes the incremental costs of obtaining a contract with a customer if the Company expects the benefit of those costs to be longer than one year. The Company has determined that certain sales commissions meet the requirements to be capitalized, and the Company amortizes these costs on a consistent basis with the pattern of transfer of the goods and services in the contract. Total capitalized costs to obtain a contract were immaterial during the periods presented and are included in other current and long-term assets on our consolidated balance sheets. The Company applies a practical expedient to expense costs as incurred for costs to obtain a contract when the amortization period is one year or less. These costs include sales commissions on SaaS contracts with a contract period of one year or less as sales commissions on contract renewals are commensurate with those paid on the initial contract. Contract Balances The Company records accounts receivable when it has an unconditional right to the consideration. Contract liabilities consist of deferred revenue, which represents payments received in advance of revenue recognition related to SaaS agreements and for prepayments for products or services yet to be delivered. Payment terms vary by customer. The time between invoicing and when payment is due is not significant. For certain products or services and customer types, payment is required before the products or services are delivered to the customer. The following table reflects the contract balances as of the periods ended: SCHEDULE OF CONTRACT BALANCES June 30, December 31, 2022 2021 Accounts receivable $ 6,269,645 $ 4,880,663 Total contract assets $ 6,269,645 $ 4,880,663 Deferred revenue, current $ 560,124 $ 291,296 Deferred revenue, noncurrent 542,441 443,452 Total contract liabilities $ 1,102,565 $ 734,748 During the three and six months ended June 30, 2022, the change in contract liabilities balances was as follows: SCHEDULE OF CHANGE IN CONTRACT BALANCES Balance at December 31, 2021 $ 734,748 Billings 177,759 Revenue recognized (80,483 ) Balance at March 31, 2022 $ 832,024 Billings 365,868 Revenue recognized (95,327 ) Balance at June 30, 2022 $ 1,102,565 Disaggregation of Revenue The following table sets forth our revenues by distribution channel: SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Retailers $ 12,743,191 $ 12,995,760 $ 25,084,480 $ 26,787,278 Distributors 62,170 1,872,934 369,377 2,786,084 Other 58,407 24,451 709,166 337,357 Revenues $ 12,863,768 $ 14,893,145 $ 26,163,023 $ 29,910,719 The following table sets forth our revenues by product: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cable modems & gateways $ 12,214,502 $ 12,808,320 $ 25,097,550 $ 27,395,410 Other networking products 502,941 1,932,121 775,507 2,237,933 SaaS 146,325 152,704 289,966 277,376 Revenues $ 12,863,768 $ 14,893,145 $ 26,163,023 $ 29,910,719

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BALANCE SHEET COMPONENTS	(4) BALANCE SHEET COMPONENTS Inventories Inventories, net consists of the following: SCHEDULE OF INVENTORIES June 30, 2022 December 31, 2021 Raw materials $ 2,294,111 $ 1,047,156 Finished goods 32,046,753 32,844,131 Total $ 34,340,864 $ 33,891,287 Finished goods includes consigned inventory held by our customers of $ 4.6 4.5 7.1 6.3 1.1 0.8 Accrued expenses Accrued expenses consist of the following: SCHEDULE OF ACCRUED EXPENSES June 30, 2022 December 31, 2021 Inventory purchases $ — $ 287,571 Payroll & related benefits 239,284 210,495 Professional fees 274,889 229,597 Royalty costs 1,650,000 1,588,025 Sales allowances 1,858,580 1,958,050 Sales and use tax 61,896 50,916 Other 694,384 955,263 Total accrued other expenses $ 4,779,033 $ 5,279,917

BANK CREDIT LINES AND GOVERNMEN

BANK CREDIT LINES AND GOVERNMENT LOANS	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
BANK CREDIT LINES AND GOVERNMENT LOANS	(5) BANK CREDIT LINES AND GOVERNMENT LOANS Bank Credit Line On December 18, 2012, the Company entered into a Financing Agreement with Rosenthal & Rosenthal, Inc. (the “Financing Agreement”). The Financing Agreement, as amended, provided for up to $ 5.0 On March 12, 2021, the Company terminated its Financing Agreement with Rosenthal & Rosenthal and entered into a loan and security agreement with Silicon Valley Bank (the “SVB Loan Agreement”). On November 1, 2021, the Company entered into the First Amendment to the SVB Loan Agreement. The SVB Loan Agreement, as amended, provides for a revolving facility up to a principal amount of $ 25.0 1.0 The Company incurred $ 143 18 12 35 14 As of June 30, 2022, the Company had $ 5.6 66 0.2 5.75 Government Loans On April 15, 2020, the Company entered into a note payable with Primary Bank, a bank under the Small Business Administration (“SBA”), Paycheck Protection Program (“PPP”), in the amount of $ 583 513 In February 2021, the Company received an additional forgiveness of $ 20

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	(6) COMMITMENTS AND CONTINGENCIES (a) Lease Obligations The Company has entered into agreements to lease its warehouses and distribution centers and certain office space initial term of 12 months or less The components of lease costs were as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating lease costs $ 43,806 $ 37,930 $ 92,037 $ 58,704 Short-term lease costs — 5,284 — 31,840 Total lease costs $ 43,806 $ 43,214 $ 92,037 $ 90,544 The weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Period Ended June 30, 2022 2021 Operating leases: Weighted average remaining lease term (years) 1.6 0.7 Weighted average discount rate 4.2 % 7.1 % Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES Six Months ended June 30, 2022 2021 Operating cash flow information: Amounts included in measurement of lease liabilities $ 97,266 $ 59,202 Non-cash activities: ROU asset obtained in exchange for lease liability $ 103,914 $ 59,202 The maturity of the Company’s operating lease liabilities as of June 30, 2022, were as follows: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES Years ended December 31, 2022 (remainder) $ 84,766 2023 155,379 2024 22,794 Total lease payments $ 262,939 Less: imputed interest (9,364 ) Present value of operating lease liabilities $ 253,575 Operating lease liabilities, current $ 159,324 Operating lease liabilities, noncurrent $ 94,251 (b) Commitments The Company is party to a license agreement with Motorola Mobility LLC pursuant to which the Company has an exclusive license to use certain trademarks owned by Motorola Trademark Holdings, LLC for the manufacture, sale and marketing of consumer cable modem products, consumer routers, WiFi range extenders, MoCa adapters, cellular sensors, home powerline network adapters, and access points worldwide through a wide range of authorized sales channels. The license agreement has a term ending December 31, 2025. In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows: SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS Years ending December 31, 2022 (remaining) $ 3,300,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 24,350,000 Royalty expense under the License Agreement was $ 1.7 1.6 3.3 3.2 (c) Contingencies The Company is party to various lawsuits and administrative proceedings arising in the ordinary course of business. The Company evaluates such lawsuits and proceedings on a case-by-case basis, and its policy is to vigorously contest any such claims which it believes are without merit. The Company reviews the status of its legal proceedings and records a provision for a liability when it is considered probable that both a liability has been incurred and the amount of the loss can be reasonably estimated. This review is updated periodically as additional information becomes available. If both of the criteria are not met, the Company reassesses whether there is at least a reasonable possibility that a loss, or additional losses, may be incurred. If there is a reasonable possibility that a loss may be incurred, the Company discloses the estimate of the amount of the loss or range of losses, that the amount is not material, or that an estimate of the loss cannot be made. At June 30, 2022, the Company is not currently a party to any legal proceedings that, if determined adversely to the Company, in management’s opinion, are currently expected to individually or in the aggregate have a material adverse effect on the Company’s business, operating results or financial condition taken as a whole. The Company expenses its legal fees as incurred. In the ordinary course of its business, the Company is subject to lawsuits, arbitrations, claims, and other legal proceedings in connection with their business. Some of the legal actions include claims for substantial or unspecified compensatory and/or punitive damages. A substantial adverse judgment or other unfavorable resolution of these matters could have a material adverse effect on the Company’s financial condition, results of operations, and cash flows. Management believes that the Company has adequate legal defenses with respect to the legal proceedings to which it is a defendant or respondent and that the outcome of these pending proceedings is not likely to have a material adverse effect on the financial condition, results of operations, or cash flows of the Company. However, the Company is unable to predict the outcome of these matters.

SIGNIFICANT CUSTOMER AND DEPEND

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	(7) SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS Relatively few companies account for a substantial portion of the Company’s revenues. In the three months ended June 30, 2022, two companies, including a marketplace facilitator, accounted for 10% or greater individually and 91 91 93 78 The Company’s customers generally do not enter into long-term agreements obligating them to purchase products. The Company may not continue to receive significant revenues from any of these or from other large customers. A reduction or delay in orders from any of the Company’s significant customers, or a delay or default in payment by any significant customer could materially harm the Company’s business and prospects. Because of the Company’s significant customer concentration, its net sales and operating income could fluctuate significantly due to changes in political or economic conditions, or the loss, reduction of business, or less favorable terms for any of the Company’s significant customers. The Company participates in the PC peripherals industry, which is characterized by aggressive pricing practices, continually changing customer demand patterns and rapid technological developments. The Company’s operating results could be adversely affected should the Company be unable to successfully anticipate customer demand accurately; manage its product transitions, inventory levels and manufacturing process efficiently; distribute its products quickly in response to customer demand; differentiate its products from those of its competitors or compete successfully in the markets for its new products. The Company depends on many third-party suppliers for key components contained in its product offerings. For some of these components, the Company may only use a single source supplier, in part due to the lack of alternative sources of supply. During the three months ended June 30, 2022 and 2021, the Company had two suppliers and one supplier, respectively, that provided 98 99 99 98

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	(8) INCOME TAXES During the three months ended June 30, 2022, we recorded no We have evaluated the positive and negative evidence bearing upon the Company’s ability to realize its deferred tax assets, which primarily consist of net operating loss carryforwards and research and development tax credits. We considered the history of cumulative net losses, estimated future taxable income and prudent and feasible tax planning strategies and we have concluded that it is more likely than not that we will not realize the benefits of our deferred tax assets. As a result, as of June 30, 2022 and December 31, 2021, we recorded a full valuation allowance against our net deferred tax assets. As of June 30, 2022 and December 31, 2021, the Company had federal net operating loss carry forwards of approximately $ 57.5 62.7 19.0 24.0 19.9 expire in varying amounts from 2033 through 2040. 51 31 57 33

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	(9) RELATED PARTY TRANSACTIONS The Company leases office space located at the 848 Elm Street, Manchester, NH. The landlord is an affiliate entity owned by Mr. Hitchcock. The two-year facility lease agreement was effective from August 1, 2019, to July 31, 2021 and was extended to July 31, 2022. On July 18, 2022, the lease agreement was amended to a month-to-month lease arrangement and may be terminated by either party with a 60-day notice. The facility lease agreement provides for 2,656 30 8 16

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2022
Net loss per share:
EARNINGS (LOSS) PER SHARE	(10) EARNINGS (LOSS) PER SHARE Net loss per share for the three and six months ended June 30, 2022 and 2021, respectively, are as follows: SCHEDULE OF NET INCOME (LOSS) PER SHARE Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Numerator: Net loss $ (4,426,559 ) $ (1,553,911 ) $ (6,965,060 ) $ (2,099,431 ) Denominator: Weighted average common shares - basic 46,344,916 35,482,181 46,181,335 35,368,931 Effect of dilutive common share equivalents — — — — Weighted average common shares - dilutive 46,344,916 35,482,181 46,181,335 35,368,931 Basic and diluted $ (0.10 ) $ (0.04 ) $ (0.15 ) $ (0.06 ) Diluted loss per common share for the three and six months ended June 30, 2022 and 2021 excludes the effects of 1,350,839 1,511,030

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(11) SUBSEQUENT EVENTS On July 18, 2022, the Company amended its Manchester facility lease to a month-to-month lease arrangement and may be terminated by either party with a 60-day notice. The Company has evaluated subsequent events from June 30, 2022 through the date of this filing and has determined that there are no such events, other than those noted above, requiring recognition or disclosure in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards None
Recently Issued Accounting Standards	Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “ Financial Instruments Credit Losses —Measurement of Credit Losses on Financial Instruments With the exception of the new standard discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial position, results of operations and cash flows.

REVENUE AND OTHER CONTRACTS W_2

REVENUE AND OTHER CONTRACTS WITH CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF CONTRACT BALANCES	The following table reflects the contract balances as of the periods ended: SCHEDULE OF CONTRACT BALANCES June 30, December 31, 2022 2021 Accounts receivable $ 6,269,645 $ 4,880,663 Total contract assets $ 6,269,645 $ 4,880,663 Deferred revenue, current $ 560,124 $ 291,296 Deferred revenue, noncurrent 542,441 443,452 Total contract liabilities $ 1,102,565 $ 734,748
SCHEDULE OF CHANGE IN CONTRACT BALANCES	During the three and six months ended June 30, 2022, the change in contract liabilities balances was as follows: SCHEDULE OF CHANGE IN CONTRACT BALANCES Balance at December 31, 2021 $ 734,748 Billings 177,759 Revenue recognized (80,483 ) Balance at March 31, 2022 $ 832,024 Billings 365,868 Revenue recognized (95,327 ) Balance at June 30, 2022 $ 1,102,565
SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL	The following table sets forth our revenues by distribution channel: SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Retailers $ 12,743,191 $ 12,995,760 $ 25,084,480 $ 26,787,278 Distributors 62,170 1,872,934 369,377 2,786,084 Other 58,407 24,451 709,166 337,357 Revenues $ 12,863,768 $ 14,893,145 $ 26,163,023 $ 29,910,719 The following table sets forth our revenues by product: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cable modems & gateways $ 12,214,502 $ 12,808,320 $ 25,097,550 $ 27,395,410 Other networking products 502,941 1,932,121 775,507 2,237,933 SaaS 146,325 152,704 289,966 277,376 Revenues $ 12,863,768 $ 14,893,145 $ 26,163,023 $ 29,910,719

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF INVENTORIES	Inventories, net consists of the following: SCHEDULE OF INVENTORIES June 30, 2022 December 31, 2021 Raw materials $ 2,294,111 $ 1,047,156 Finished goods 32,046,753 32,844,131 Total $ 34,340,864 $ 33,891,287
SCHEDULE OF ACCRUED EXPENSES	Accrued expenses consist of the following: SCHEDULE OF ACCRUED EXPENSES June 30, 2022 December 31, 2021 Inventory purchases $ — $ 287,571 Payroll & related benefits 239,284 210,495 Professional fees 274,889 229,597 Royalty costs 1,650,000 1,588,025 Sales allowances 1,858,580 1,958,050 Sales and use tax 61,896 50,916 Other 694,384 955,263 Total accrued other expenses $ 4,779,033 $ 5,279,917

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF LEASE COSTS	The components of lease costs were as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating lease costs $ 43,806 $ 37,930 $ 92,037 $ 58,704 Short-term lease costs — 5,284 — 31,840 Total lease costs $ 43,806 $ 43,214 $ 92,037 $ 90,544
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE	The weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Period Ended June 30, 2022 2021 Operating leases: Weighted average remaining lease term (years) 1.6 0.7 Weighted average discount rate 4.2 % 7.1 %
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES	Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES Six Months ended June 30, 2022 2021 Operating cash flow information: Amounts included in measurement of lease liabilities $ 97,266 $ 59,202 Non-cash activities: ROU asset obtained in exchange for lease liability $ 103,914 $ 59,202
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES	The maturity of the Company’s operating lease liabilities as of June 30, 2022, were as follows: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES Years ended December 31, 2022 (remainder) $ 84,766 2023 155,379 2024 22,794 Total lease payments $ 262,939 Less: imputed interest (9,364 ) Present value of operating lease liabilities $ 253,575 Operating lease liabilities, current $ 159,324 Operating lease liabilities, noncurrent $ 94,251
SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS	In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows: SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS Years ending December 31, 2022 (remaining) $ 3,300,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 24,350,000

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
Net loss per share:
SCHEDULE OF NET INCOME (LOSS) PER SHARE	Net loss per share for the three and six months ended June 30, 2022 and 2021, respectively, are as follows: SCHEDULE OF NET INCOME (LOSS) PER SHARE Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Numerator: Net loss $ (4,426,559 ) $ (1,553,911 ) $ (6,965,060 ) $ (2,099,431 ) Denominator: Weighted average common shares - basic 46,344,916 35,482,181 46,181,335 35,368,931 Effect of dilutive common share equivalents — — — — Weighted average common shares - dilutive 46,344,916 35,482,181 46,181,335 35,368,931 Basic and diluted $ (0.10 ) $ (0.04 ) $ (0.15 ) $ (0.06 )

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accounting Policies [Abstract]
Net Loss	$ 4,426,559	$ 2,538,500	$ 1,553,911	$ 545,520	$ 6,965,060	$ 2,099,431
Net cash provided by (used in) operating activities					8,549,247	5,205,273
Accumulated deficit	66,250,669				66,250,669		$ 59,285,610
Cash and cash equivalents	$ 4,217,110	$ 4,200,000	$ 812,373		$ 4,217,110	$ 812,373	$ 12,570,445

SCHEDULE OF CONTRACT BALANCES (

SCHEDULE OF CONTRACT BALANCES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 6,269,645	$ 4,880,663
Total contract assets	6,269,645	4,880,663
Deferred revenue, current	560,124	291,296
Deferred revenue, noncurrent	542,441	443,452
Total contract liabilities	$ 1,102,565	$ 734,748

SCHEDULE OF CHANGE IN CONTRACT

SCHEDULE OF CHANGE IN CONTRACT BALANCES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 832,024	$ 734,748
Billings	365,868	177,759
Revenue recognized	(95,327)	(80,483)
Ending balance	$ 1,102,565	$ 832,024

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE BY DISTRIBUTION CHANNEL (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 12,863,768	$ 14,893,145	$ 26,163,023	$ 29,910,719
Retailers [Member]
Disaggregation of Revenue [Line Items]
Revenues	12,743,191	12,995,760	25,084,480	26,787,278
Distributors [Member]
Disaggregation of Revenue [Line Items]
Revenues	62,170	1,872,934	369,377	2,786,084
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	58,407	24,451	709,166	337,357
Cable Modems & Gateways [Member]
Disaggregation of Revenue [Line Items]
Revenues	12,214,502	12,808,320	25,097,550	27,395,410
Other Networking Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	502,941	1,932,121	775,507	2,237,933
Software As A Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 146,325	$ 152,704	$ 289,966	$ 277,376

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 2,294,111	$ 1,047,156
Finished goods	32,046,753	32,844,131
Total	$ 34,340,864	$ 33,891,287

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Inventory purchases		$ 287,571
Payroll & related benefits	239,284	210,495
Professional fees	274,889	229,597
Royalty costs	1,650,000	1,588,025
Sales allowances	1,858,580	1,958,050
Sales and use tax	61,896	50,916
Other	694,384	955,263
Total accrued other expenses	$ 4,779,033	$ 5,279,917

BALANCE SHEET COMPONENTS (Detai

BALANCE SHEET COMPONENTS (Details Narrative) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Finished goods held by customer	$ 4.6	$ 4.5
In-transit inventory	7.1	6.3
Inventory reserves	$ 1.1	$ 0.8

BANK CREDIT LINES AND GOVERNM_2

BANK CREDIT LINES AND GOVERNMENT LOANS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 15, 2020	Feb. 28, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 12, 2021	Dec. 18, 2012
Line of Credit Facility [Line Items]
Amortization of debt issuance costs					$ 35,407	$ 13,999
Lines of credit			$ 5,554,063		5,554,063		$ 5,065,074
Paycheck Protection Program [Member]
Line of Credit Facility [Line Items]
Notes payable	$ 583,000
Debt instrument forgiveness	$ 513,000	$ 20,000
Revolving Credit Facility [Member] | SVB Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility, principal amount								$ 25,000,000
Unamortized discount								143,000
Amortization of debt issuance costs			18,000	$ 12,000	35,000	$ 14,000
Lines of credit			5,600,000		5,600,000
Deferred finance costs			66,000		66,000
Line of credit facility remaining borrowing capacity			$ 200,000		$ 200,000
Interest rate stated percentage			5.75%		5.75%
Revolving Credit Facility [Member] | SVB Loan Agreement [Member] | Commercial Credit Card [Member]
Line of Credit Facility [Line Items]
Long term line of credit								$ 1,000,000
Revolving Credit Facility [Member] | Rosenthal and Rosenthal Inc [Member] | Financing Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility, principal amount									$ 5,000,000

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE COSTS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease costs	$ 43,806	$ 37,930	$ 92,037	$ 58,704
Short-term lease costs		5,284		31,840
Total lease costs	$ 43,806	$ 43,214	$ 92,037	$ 90,544

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Weighted average remaining lease term	1 year 7 months 6 days	8 months 12 days
Weighted average discount rate	4.20%	7.10%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Amounts included in measurement of lease liabilities	$ 97,266	$ 59,202
ROU asset obtained in exchange for lease liability	$ 103,914	$ 59,202

SCHEDULE OF MATURITY OF OPERATI

SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2022 (remainder)	$ 84,766
2023	155,379
2024	22,794
Total lease payments	262,939
Less: imputed interest	(9,364)
Present value of operating lease liabilities	253,575
Operating lease liabilities, current	159,324	$ 143,486
Operating lease liabilities, noncurrent	$ 94,251	$ 98,811

SCHEDULE OF MINIMUM ANNUAL ROYA

SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS (Details)	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022 (remaining)	$ 3,300,000
2023	6,850,000
2024	7,100,000
2025	7,100,000
Total	$ 24,350,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Lease term			initial term of 12 months or less
Royalty expense	$ 1.7	$ 1.6	$ 3.3	$ 3.2

SIGNIFICANT CUSTOMER AND DEPE_2

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage			91%	78%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Companies [Member]
Concentration Risk [Line Items]
Concentration risk percentage			91%	93%
Inventories [Member] | Supplier Concentration Risk [Member] | Two Supplier [Member]
Concentration Risk [Line Items]
Concentration risk percentage	98%		99%
Inventories [Member] | Supplier Concentration Risk [Member] | One Supplier [Member]
Concentration Risk [Line Items]
Concentration risk percentage		99%		98%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Research and development tax credits	$ 0		$ 0
Income tax expense	50,719	$ 31,490	56,719	$ 32,990
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	57,500,000		57,500,000		$ 62,700,000
Net operating loss carry forwards expiration	19,000,000		19,000,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 24,000,000		$ 24,000,000		$ 19,900,000
Expiration term			expire in varying amounts from 2033 through 2040.

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) ft²	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) ft²	Jun. 30, 2021 USD ($)
Area of land | ft²	2,656		2,656
Rent expense	$ 8	$ 8	$ 16	$ 16
Zoom Connectivity, Inc. [Member] | 848 Elm Street in Manchester, NH [Member]
Annual rental price			$ 30

SCHEDULE OF NET INCOME (LOSS) P

SCHEDULE OF NET INCOME (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Net loss per share:
Net loss	$ (4,426,559)	$ (2,538,500)	$ (1,553,911)	$ (545,520)	$ (6,965,060)	$ (2,099,431)
Weighted average common shares - basic	46,344,916		35,482,181		46,181,335	35,368,931
Effect of dilutive common share equivalents
Weighted average common shares - dilutive	46,344,916		35,482,181		46,181,335	35,368,931
Basic and diluted	$ (0.10)		$ (0.04)		$ (0.15)	$ (0.06)

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net loss per share:
Anti-dilutive securities	1,350,839	1,350,839	1,511,030	1,511,030