US Nuclear (UCLE) 10-Q 20 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 20, 2019
Document And Entity Information
Entity Registrant Name	US NUCLEAR CORP.
Entity Central Index Key	0001543623
Trading Symbol	UCLE
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Document Period End Date	Mar. 31, 2019
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		17,451,834

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 712,879	$ 969,118
Accounts receivable, net	736,365	730,773
Inventories	1,267,889	1,047,612
Prepaid expenses	2,500	2,500
TOTAL CURRENT ASSETS	2,719,633	2,750,003
Property and equipment, net	5,467	5,752
Right-of-use assets	321,405
Investment	10,000	10,000
Goodwill	570,176	570,176
TOTAL ASSETS	3,626,681	3,335,931
CURRENT LIABILITIES
Accounts payable	120,688	93,263
Accrued liabilities	53,627	54,511
Accrued compensation - officer	375,000	350,000
Customer deposit	108,927	96,571
Acquisition contingency	51,339	57,142
Note payable	16,467	16,262
Operating lease liability	147,623
Line of credit	220,708	222,490
TOTAL CURRENT LIABILITIES	1,094,379	890,239
Note payable, net of current portion	22,323	26,543
Note payable to shareholder	399,455	413,555
Operating lease liability, net of current portion	173,782
TOTAL LIABILITIES	1,689,939	1,330,337
SHAREHOLDERS' EQUITY:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 17,216,834 and 16,959,784 shares issued and outstanding	1,722	1,696
Additional paid in capital	6,564,166	6,445,625
Accumulated deficit	(4,629,146)	(4,441,727)
TOTAL SHAREHOLDERS' EQUITY	1,936,742	2,005,594
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,626,681	$ 3,335,931

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	17,216,834	16,959,784
Common stock, shares outstanding	17,216,834	16,959,784

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Sales	$ 629,053	$ 999,777
Cost of sales	311,136	522,493
Gross profit	317,917	477,284
Operating expenses
Selling, general and administrative expenses	499,233	1,012,546
Total operating expenses	499,233	1,012,546
Loss from operations	(181,316)	(535,262)
Other expense
Interest expense	(6,103)	(6,879)
Total other expense	(6,103)	(6,879)
Loss before provision for income taxes	(187,419)	(542,141)
Provision for income taxes
Net loss	$ (187,419)	$ (542,141)
Weighted average shares outstanding - basic and diluted	17,031,588	14,305,441
Loss per shares - basic and diluted	$ (0.01)	$ (0.04)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net loss	$ (187,419)	$ (542,141)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	285	35,147
Adjustment to acquisition contingency	(2,272)	2,300
Issuance of common stock for services	118,567	632,956
Expenses paid directly by majority shareholder		15,900
Operating lease expense	35,103
Changes in operating assets and liabilities:
Accounts receivable	(5,592)	(243,569)
Inventories	(220,277)	160,768
Accounts payable	23,894	(25,878)
Accrued liabilities	(884)	(17,850)
Accrued compensation - officer	25,000	25,000
Customer deposits	12,356	12,300
Operating lease liability	(35,103)
Net cash provided by (used in) operating activities	(236,342)	54,933
INVESTING ACTIVITIES
Cash paid for acquisition deposit		(22,500)
Net cash used in investing activities		(22,500)
FINANCING ACTIVITIES
Net borrowings (repayments) under lines of credit	(1,782)	(13,295)
Proceeds from sale of common stock		781,250
Repayments for note payable	(4,015)	(3,818)
Proceeds from note payable to shareholder	900
Repayments for note payable to shareholder	(15,000)
Net cash provided by (used in) financing activities	(19,897)	764,137
NET INCREASE (DECREASE) IN CASH	(256,239)	796,570
CASH
Beginning of period	969,118	442,341
End of period	712,879	1,238,911
Supplemental disclosures of cash flow information
Taxes paid
Interest paid	6,103	6,879
Reclassification of acquisition contingency to accounts payable	3,531	$ 4,171
Right of use asset and operating lease liability recognized	$ 356,508

Organization

Organization	3 Months Ended
	Mar. 31, 2019
Organization And Basis Of Presentation
Organization	Note 1 – Organization Organization and Line of Business US Nuclear Corp., formerly known as APEX 3, Inc., (the “Company” or “US Nuclear”) was incorporated under the laws of the State of Delaware on February 14, 2012. On May 31, 2016, the Company entered into an Asset Purchase Agreement with Electronic Control Concepts (“ECC”) whereby the Company purchased certain tangible and intangible assets of ECC. The Company is engaged in developing, manufacturing and selling radiation detection and measuring equipment. The Company markets and sells its products to consumers throughout the world.

Basis Presentation

Basis Presentation	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis Presentation	Note 2 – Basis Presentation Interim financial statements The unaudited interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosure are adequate to make the information presented not misleading. These statements reflect all adjustment, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2018 and notes thereto included in the Company’s annual report on Form 10-K filed on April 17, 2019. The Company follows the same accounting policies in the preparation of interim report. Results of operations for the interim period are not indicative of annual results. Recent Accounting Pronouncements In June 2018, the FASB issued Accounting Standards Update (“ASU”) ASU 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases Leases

Inventories

Inventories	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventories at March 31, 2019 and December 31, 2018 consisted of the following: March 31, December 31, 2019 2018 Raw materials $ 828,453 $ 591,970 Work in Progress 131,832 25,353 Finished goods 307,604 430,289 Total inventories $ 1,267,889 $ 1,047,612 At March 31, 2019 and December 31, 2018 the inventory reserve was $0.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2019
Property And Equipment
Property and Equipment	Note 4 – Property and Equipment The following are the details of the property and equipment at March 31, 2019 and December 31, 2018: March 31, December 31, 2019 2018 Furniture and fixtures $ 148,033 $ 148,033 Leasehold Improvements 50,091 50,091 Equipment 233,826 233,826 Computers and software 33,036 33,036 464,986 464,986 Less accumulated depreciation (459,519 ) (459,234 ) Property and equipment, net $ 5,467 $ 5,752 Depreciation expense for the three months ended March 31, 2019 and 2018 was $285 and $2,842, respectively. At March 31, 2019, the Company has $437,044 of fully depreciated property and equipment that is still in use.

Investment

Investment	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Investment	Note 5 – Investment On August 3, 2018, the Company closed an agreement by and among, MIFTEC Laboratories, Inc. (“MIFTEC”), a licensee of Magneto-Inertial Fusion Technologies, Inc., (“MIFTI”), and the Company. MIFTEC is a licensee of MIFTI radionuclide technology. MIFTEC will engage the Company to manufacture equipment pursuant to MIFTEC’s specifications and designs and have the Company as a sales representative for the manufactured equipment. The Company will be the exclusive manufacturer and supplier to MIFTEC of equipment in North America and Asia. In addition, the Company received a 10% ownership interest in MIFTEC. The consideration for the exclusive manufacturing rights and a 10% ownership interest in MIFTEC was $500,000 and 300,000 shares of the Company’s common stock valued at $594,000. The fair value was determined based on the Company’s stock price on August 3, 2018. The Company recorded the value of the 10% interest in MIFTEC at $10,000 and recorded $1,084,000 as the acquisition of manufacturing and supply rights in the accompanying consolidated statement of operations during the year ended December 31, 2018. The Company evaluated this investment for impairment and determined that no impairment was necessary during the three months ended March 31, 2019.

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Notes Payable	Note 6 – Notes Payable In connection with the acquisition of assets from ECC, the Company issued a note payable to the owner of ECC. The note accrued interest at 5% per annum, requires quarterly principal and interest payments of $4,518 and is due on April 15, 2021. At March 31, 2019 and December 31, 2018, the amount outstanding under this note payable was $38,790 and $42,805, respectively. The Company repaid $4,015 during the three months ended March 31, 2019. Future maturities of notes payable as of March 31, 2019 are as follows: Twelve months ending March 31, 2020 $ 16,262 2021 17,303 2022 5,225 $ 38,790

Note Payable to Shareholder

Note Payable to Shareholder	3 Months Ended
	Mar. 31, 2019
Note Payable Shareholder
Note Payable to Shareholder	Note 7 – Note Payable to Shareholder Robert Goldstein, the CEO and majority shareholder, has loaned funds to the Company from time to time to cover general operating expenses. These loans are evidenced by unsecured, non-interest bearing notes due on December 31, 2020. During the three months ended March 31, 2019, the Company’s majority shareholder loaned an additional $900 to the Company and was repaid $15,000. The amounts due to Mr. Goldstein are $399,455 and $413,555 as of March 31, 2019 and December 31, 2018, respectively.

Line of Credit

Line of Credit	3 Months Ended
	Mar. 31, 2019
Lines Of Credit
Line of Credit	Note 8 – Line of Credit As of March 31, 2019, the Company had four lines of credit with a maximum borrowing amount of $400,000 with interest ranging from 5.5% to 11.5%. As of March 31, 2019 and December 31, 2018, the amounts outstanding under these lines of credit were $220,708 and $222,490, respectively.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 9 – Leases The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate. The Company leases its current facilities from Gold Team Inc., a company owned by the Company’s CEO, which owns both the Canoga Park, CA and Milford, Ohio locations. The leases expire on April 30, 2020 and the Company expects to exercise a renewal option for an additional 12 months. Effective January 1, 2019, the Company adopted the provision of ASC 842 Leases. The table below presents the lease related assets and liabilities recorded on the Company’s consolidated balance sheets as of March 31, 2019: Classification on Balance Sheet March 31, Assets Operating lease assets Operating lease right of use assets $ 321,405 Total lease assets $ 321,405 Liabilities Current liabilities Operating lease liability Current operating lease liability $ 147,623 Noncurrent liabilities Operating lease liability Long-term operating lease liability 173,782 Total lease liability $ 321,405 Lease obligations at March 31, 2019 consisted of the following: Twelve months ending March 31, 2020 $ 168,000 2021 168,000 2022 14,000 Total payments 350,000 Amount representing interest (28,595 ) Lease obligation, net 321,405 Less lease obligation, current portion (147,623 ) Lease obligation, long-term portion $ 173,782 The lease expense for the three months ended March 31, 2019 was $42,000 which consisted of amortization expense of $35,103 and interest expense of $6,897. The cash paid under operating leases during the three months ended March 31, 2019 was $42,000. At March 31, 2019, the weighted average remaining lease terms were 2.1 years and the weighted average discount rate was 8%

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Shareholders' Equity	Note 10 – Shareholders’ Equity Information regarding the Company’s shareholders’ equity for the three months ended March 31, 2019 and 2018 is below: Additional Total Common Stock Paid-in Accumulated Shareholders’ Shares Amount Capital Deficit Equity Balance, December 31, 2018 16,959,784 1,696 6,445,625 (4,441,727 ) 2,005,594 Issuance of common stock for services 257,050 26 118,541 - 118,567 Net loss for the three months - - - (187,419 ) (187,419 ) Balance, March 31, 2019 17,216,834 $ 1,722 $ 6,564,166 $ (4,629,146 ) $ 1,936,742 Balance, December 31, 2017 14,047,403 $ 1,405 $ 3,342,953 $ (2,034,657 ) $ 1,309,701 Issuance of common stock for services 386,410 38 632,918 - 632,956 Issuance of common stock for cash 1,270,000 127 781,123 - 781,250 Net loss for the three months - - - (542,141 ) (542,141 ) Balance, March 31, 2018 15,703,813 $ 1,570 $ 4,756,994 $ (2,576,798 ) $ 2,181,766 During the three months ended March 31, 2019, the Company issued: ● 252,000 shares of common stock to consultants for services rendered valued at $187,900. The fair value was determined based on the Company’s stock price on the grant date ● 5,050 shares of common stock to employees for compensation valued at $2,525. The fair value was determined based on the Company’s stock price on the grant date; The Company recorded a total of stock based compensation of $118,567 during the three months ended March 31, 2019, as common stock issued to consultants have various vesting terms; and therefore, the company amortized the fair value on grant date over vesting term.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2019
Segment Reporting
Segment Reporting	Note 11 – Segment Reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The Company has two reportable segments: Optron and Overhoff. Optron is located in Canoga Park, California and Overhoff is located in Milford, Ohio. The assets and operations of the Company’s recent acquisition of the assets of Electronic Control Concepts are included with Overhoff in the table below. The following tables summarize the Company’s segment information for the three months ended March 31, 2019 and 2018: Three Months Ended 2019 2018 Sales Optron $ 117,064 $ 159,061 Overhoff 511,989 840,716 Corporate - - $ 629,053 $ 999,777 Gross profit Optron $ 52,792 $ 71,089 Overhoff 265,125 406,195 Corporate - - $ 317,917 $ 477,284 Income (loss) from operations Optron $ (111,223 ) $ (51,747 ) Overhoff 79,250 205,139 Corporate (149,343 ) (688,654 ) $ (181,316 ) $ (535,262 ) Interest Expenses Optron $ 5,523 $ 6,122 Overhoff 49 757 Corporate 531 - $ 6,103 $ 6,879 Net income (loss) Optron $ (110,746 ) $ (57,869 ) Overhoff 70,201 204,382 Corporate (146,874 ) (688,654 ) $ (187,419 ) $ (542,141 ) As of As of March 31, December 31, 2019 2018 Total Assets Optron $ 1,361,555 $ 1,324,707 Overhoff 2,113,683 1,811,483 Corporate 151,443 199,741 $ 3,626,681 $ 3,335,931 Goodwill Optron $ - $ - Overhoff 570,176 570,176 Corporate - - $ 570,176 $ 570,176

Geographical Sales

Geographical Sales	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Geographical Sales	Note 12 – Geographical Sales The geographical distribution of the Company’s sales for the three months ended March 31, 2019 and 2018 is as follows: Three Months Ended 2019 2018 Geographical sales North America $ 289,823 $ 809,241 Asia 331,803 153,408 South America 586 4,115 Other 6,841 33,013 $ 629,053 $ 999,777

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions The Company leases its current facilities from Gold Team Inc., a company owned by the Company’s CEO, which owns both the Canoga Park, CA and Milford, Ohio locations. Rent expense for the three months ended March 31, 2019 and 2018 were $42,000 and $42,000, respectively. As of March 31, 2019 and December 31, 2018, payable to Gold Team Inc. in connection with the above leases amount to $0 and $0, respectively. (See Note 9) In addition, as of March 31, 2019 and December 31, 2018, the Company had accrued compensation payable to its majority shareholder of $375,000 and $350,000, respectively.

Concentrations

Concentrations	3 Months Ended
	Mar. 31, 2019
Risks and Uncertainties [Abstract]
Concentrations	Note 14 – Concentrations Two customers accounted for 22% and 27.3% of the Company’s sales for the three months ended March 31, 2019 and one customer accounted for 54% of the Company’s sales for the three months ended March 31, 2018. No vendors accounted for more than 10% of the Company’s purchases for the three months ended March 31, 2019 and 2018.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 15 – Fair Value Measurements The Company follows a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to measurements involving unobservable inputs (Level 3). The three levels of the fair value hierarchy are as follows: Level 1 inputs - observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs - other inputs that are directly or indirectly observable in the marketplace. Level 3 inputs - unobservable inputs which are supported by little or no market activity. The Company categorizes its fair value measurements within the hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety. The following table presents the amount and level in the fair value hierarchy of each of its assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018. The contingent liability is for the earn-out related to the purchase of Electronic Control Concepts. March 31, 2019 Level 1 Level 2 Level 3 TOTAL LIABILITES Contingent Liability - - $ 51,339 $ 51,339 December 31, 2018 Level 1 Level 2 Level 3 TOTAL LIABILITES Contingent Liability - - 57,142 57,142 A summary of the activity of the contingent liability is as follows: Contingent liability at December 31, 2018 $ 57,142 Change in fair value (2,272 ) Reclassification to accounts payable (3,531 ) Contingent liability at March 31, 2019 $ 51,339

Commitments

Commitments	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 16 – Commitments Future payment under all of the Company obligations as of March 31, 2019: Twelve Months Ended March 31, 2020 2021 2022 2023 Total Note payable $ 16,262 $ 17,303 $ 5,225 $ - $ 38,790 Note payable - shareholder - 399,455 - - 399,455 Operating lease obligations 168,000 168,000 14,000 - 350,000 Line of credit 220,708 - - - 220,708 $ 404,970 $ 584,758 $ 19,225 $ - $ 1,008,953

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 17 – Subsequent Events Subsequent to March 31, 2019, the Company issued 235,000 shares of common stock for services. The Company also entered into a Cooperative Agreement with Magneto-Inertial Fusion Technologies, Inc (“MIFTI”) whereby the Company acquired certain exclusive manufacturing and supply rights, including thermonuclear fusion-powered reactor for production of electricity per MIFTI designs in return for $500,000, of which $100,000 is payable upon signing, $200,000 within four months of the agreement and $200,000 within nine months of the agreement. The $500,000 is an option to buy a 10% interest in MIFTI for $2,700,000, if completed with 24 months of the agreement date. If the options expires, MIFTI shall issue the Company 500,000 shares of common stock and rescind all other exclusive rights contained in the agreement.

Basis Presentation (Policies)

Basis Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Interim financial statements	Interim financial statements The unaudited interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosure are adequate to make the information presented not misleading. These statements reflect all adjustment, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2018 and notes thereto included in the Company’s annual report on Form 10-K filed on April 17, 2019. The Company follows the same accounting policies in the preparation of interim report. Results of operations for the interim period are not indicative of annual results.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2018, the FASB issued Accounting Standards Update (“ASU”) ASU 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases Leases

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	March 31, December 31, 2019 2018 Raw materials $ 828,453 $ 591,970 Work in Progress 131,832 25,353 Finished goods 307,604 430,289 Total inventories $ 1,267,889 $ 1,047,612

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property And Equipment Tables
Schedule of Property and Equipment	March 31, December 31, 2019 2018 Furniture and fixtures $ 148,033 $ 148,033 Leasehold Improvements 50,091 50,091 Equipment 233,826 233,826 Computers and software 33,036 33,036 464,986 464,986 Less accumulated depreciation (459,519 ) (459,234 ) Property and equipment, net $ 5,467 $ 5,752

Notes Payable (Table)

Notes Payable (Table)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of future maturities of notes payable	Twelve months ending March 31, 2020 $ 16,262 2021 17,303 2022 5,225 $ 38,790

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of lease related assets and liabilities	Classification on Balance Sheet March 31, Assets Operating lease assets Operating lease right of use assets $ 321,405 Total lease assets $ 321,405 Liabilities Current liabilities Operating lease liability Current operating lease liability $ 147,623 Noncurrent liabilities Operating lease liability Long-term operating lease liability 173,782 Total lease liability $ 321,405
Schedule of Lease obligations	Twelve months ending March 31, 2020 $ 168,000 2021 168,000 2022 14,000 Total payments 350,000 Amount representing interest (28,595 ) Lease obligation, net 321,405 Less lease obligation, current portion (147,623 ) Lease obligation, long-term portion $ 173,782

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of shareholders' equity	Additional Total Common Stock Paid-in Accumulated Shareholders’ Shares Amount Capital Deficit Equity Balance, December 31, 2018 16,959,784 1,696 6,445,625 (4,441,727 ) 2,005,594 Issuance of common stock for services 257,050 26 118,541 - 118,567 Net loss for the three months - - - (187,419 ) (187,419 ) Balance, March 31, 2019 17,216,834 $ 1,722 $ 6,564,166 $ (4,629,146 ) $ 1,936,742 Balance, December 31, 2017 14,047,403 $ 1,405 $ 3,342,953 $ (2,034,657 ) $ 1,309,701 Issuance of common stock for services 386,410 38 632,918 - 632,956 Issuance of common stock for cash 1,270,000 127 781,123 - 781,250 Net loss for the three months - - - (542,141 ) (542,141 ) Balance, March 31, 2018 15,703,813 $ 1,570 $ 4,756,994 $ (2,576,798 ) $ 2,181,766

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting Tables
Schedule of Company's Segment Reporting Information	Three Months Ended 2019 2018 Sales Optron $ 117,064 $ 159,061 Overhoff 511,989 840,716 Corporate - - $ 629,053 $ 999,777 Gross profit Optron $ 52,792 $ 71,089 Overhoff 265,125 406,195 Corporate - - $ 317,917 $ 477,284 Income (loss) from operations Optron $ (111,223 ) $ (51,747 ) Overhoff 79,250 205,139 Corporate (149,343 ) (688,654 ) $ (181,316 ) $ (535,262 ) Interest Expenses Optron $ 5,523 $ 6,122 Overhoff 49 757 Corporate 531 - $ 6,103 $ 6,879 Net income (loss) Optron $ (110,746 ) $ (57,869 ) Overhoff 70,201 204,382 Corporate (146,874 ) (688,654 ) $ (187,419 ) $ (542,141 ) As of As of March 31, December 31, 2019 2018 Total Assets Optron $ 1,361,555 $ 1,324,707 Overhoff 2,113,683 1,811,483 Corporate 151,443 199,741 $ 3,626,681 $ 3,335,931 Goodwill Optron $ - $ - Overhoff 570,176 570,176 Corporate - - $ 570,176 $ 570,176

Geographical Sales (Tables)

Geographical Sales (Tables)	3 Months Ended
	Mar. 31, 2019
Geographical Sales Tables
Schedule of Geographical Distribution of Comapany's Sales	Three Months Ended 2019 2018 Geographical sales North America $ 289,823 $ 809,241 Asia 331,803 153,408 South America 586 4,115 Other 6,841 33,013 $ 629,053 $ 999,777

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of contingent liability	March 31, 2019 Level 1 Level 2 Level 3 TOTAL LIABILITES Contingent Liability - - $ 51,339 $ 51,339 December 31, 2018 Level 1 Level 2 Level 3 TOTAL LIABILITES Contingent Liability - - 57,142 57,142
Schedule of contingent liability activity	Contingent liability at December 31, 2018 $ 57,142 Change in fair value (2,272 ) Reclassification to accounts payable (3,531 ) Contingent liability at March 31, 2019 $ 51,339

Commitments (Table)

Commitments (Table)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of future payment obligations	Twelve Months Ended March 31, 2020 2021 2022 2023 Total Note payable $ 16,262 $ 17,303 $ 5,225 $ - $ 38,790 Note payable - shareholder - 399,455 - - 399,455 Operating lease obligations 168,000 168,000 14,000 - 350,000 Line of credit 220,708 - - - 220,708 $ 404,970 $ 584,758 $ 19,225 $ - $ 1,008,953

Basis Presentation (Details)

Basis Presentation (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Basis Presentation (Textual)
Right of use asset and operating lease liability recognized	$ 356,508

Inventories (Details)

Inventories (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 828,453	$ 591,970
Work in Progress	131,832	25,353
Finished goods	307,604	430,289
Total inventories	$ 1,267,889	$ 1,047,612

Inventories (Details Textual)

Inventories (Details Textual) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Inventories (Textual)
Inventory reserve	$ 0	$ 0

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 464,986	$ 464,986
Less accumulated depreciation	(459,519)	(459,234)
Property and equipment, net	5,467	5,752
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	148,033	148,033
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	50,091	50,091
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	233,826	233,826
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 33,036	$ 33,036

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Property and Equipment (Textual)
Depreciation expense	$ 285	$ 2,842
Depreciated property and equipment in use	$ 437,044

Investment (Details)

Investment (Details) - USD ($)	Aug. 03, 2018	Mar. 31, 2018	Dec. 31, 2018
Ownership interest in MIFTEC	10.00%
MIFTEC value		$ 781,250
Common stock valued	$ 594,000
Acquisition of manufacturing and supply right			$ 1,084,000
Interest in MIFTEC			$ 10,000
MIFTEC
MIFTEC value	$ 500,000
MIFTEC shares	300,000

Notes Payable (Details)

Notes Payable (Details)	Mar. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 16,262
2021	17,303
2022	5,225
Total	$ 38,790

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Notes Payable (Textual)
Interest rate	5.00%
Principal and interest payments	$ 4,518
Due date	Apr. 15, 2021
Outstanding notes payable	$ 38,790		$ 42,805
Repayment of note payable	$ 4,015	$ 3,818

Note Payable to Shareholder (De

Note Payable to Shareholder (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Note Payable to Shareholder (Textual)
Loan from shareholders	$ 900
Repayment of loan	15,000
Note payable to shareholder	$ 399,455	$ 413,555

Line of Credit (Details)

Line of Credit (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Line of Credit (Textual)
Line of credit	$ 220,708	$ 222,490
Line of Credit [Member]
Line of Credit (Textual)
Line of credit maximum borrowing amount	$ 400,000
Line of Credit [Member] | Minimum [Member]
Line of Credit (Textual)
Interest rate on line of credit	5.50%
Line of Credit [Member] | Maximum [Member]
Line of Credit (Textual)
Interest rate on line of credit	11.50%

Leases (Details)

Leases (Details)	Mar. 31, 2019USD ($)
Classification on Balance Sheet
Operating lease assets	$ 321,405
Total lease assets	321,405
Current liabilities	147,623
Noncurrent liabilities	173,782
Total lease liability	$ 321,405

Leases (Details 1)

Leases (Details 1)	Mar. 31, 2019USD ($)
Twelve months ending March 31,
2020	$ 168,000
2021	168,000
2022	14,000
Total payments	350,000
Amount representing interest	(28,595)
Lease obligation, net	321,405
Less lease obligation, current portion	(147,623)
Lease obligation, long-term portion	$ 173,782

Leases (Details Textual)

Leases (Details Textual)	3 Months Ended
	Mar. 31, 2019USD ($)
Leases (Textual)
lease expense	$ 42,000
Amortization expense	35,103
Interest expense	6,897
Operating leases payment	$ 42,000
Weighted average remaining lease terms	2 years 1 month 6 days
Weighted average discount rate	8.00%

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Common Stock [Member]
Balance	$ 1,696	$ 1,405
Balance, shares	16,959,784	14,047,403
Issuance of common stock for services	$ 26	$ 38
Issuance of common stock for services, shares	257,050	386,410
Issuance of common stock for cash		$ 127
Issuance of common stock for cash, shares		1,270,000
Net loss for the three months
Balance	$ 1,722	$ 1,570
Balance, shares	17,216,834	15,703,813
Additional Paid-in Capital [Member]
Balance	$ 6,445,625	$ 3,342,953
Issuance of common stock for services	118,541	632,918
Issuance of common stock for cash		781,123
Net loss for the three months
Balance	6,564,166	4,756,994
Accumulated Deficit [Member]
Balance	(4,441,727)	(2,034,657)
Issuance of common stock for services
Issuance of common stock for cash
Net loss for the three months	(187,419)	(542,141)
Balance	(4,629,146)	(2,576,798)
Balance	2,005,594	1,309,701
Issuance of common stock for services	118,567	632,956
Issuance of common stock for cash		781,250
Net loss for the three months	(187,419)	(542,141)
Balance	$ 1,936,742	$ 2,181,766

Shareholders' Equity (Details T

Shareholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Shareholders' Equity (Textual)
Common stock issued for services	$ 118,567	$ 632,956
Consultants [Member]
Shareholders' Equity (Textual)
Common stock issued for services, shares	252,000
Common stock issued for services	$ 187,900
Employees [Member]
Shareholders' Equity (Textual)
Common stock issued for services, shares	5,050
Common stock issued for services	$ 2,525

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Sales	$ 629,053	$ 999,777
Gross profit	317,917	477,284
Income (loss) from operations	(181,316)	(535,262)
Interest Expenses	6,103	6,879
Net income (loss)	(187,419)	(542,141)
Total Assets	3,626,681		$ 3,335,931
Goodwill	570,176		570,176
Operating Segments [Member] | Corporate [Member]
Sales
Gross profit
Income (loss) from operations	(149,343)	(688,654)
Interest Expenses	531
Net income (loss)	(146,874)	(688,654)
Total Assets	151,443		199,741
Goodwill
Operating Segments [Member] | Overhoff [Member]
Sales	511,989	840,716
Gross profit	265,125	406,195
Income (loss) from operations	79,250	205,139
Interest Expenses	49	757
Net income (loss)	70,201	204,382
Total Assets	2,113,683		1,811,483
Goodwill	570,176		570,176
Operating Segments [Member] | Optron [Member]
Sales	117,064	159,061
Gross profit	52,792	71,089
Income (loss) from operations	(111,223)	(51,747)
Interest Expenses	5,523	6,122
Net income (loss)	(110,746)	$ (57,869)
Total Assets	1,361,555		1,324,707
Goodwill

Segment Reporting (Details Text

Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2019Segments
Segment Reporting Details Textual Abstract
Number of reportable segments	2

Geographical Sales (Details)

Geographical Sales (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Geographical sales	$ 629,053	$ 999,777
Asia [Member]
Geographical sales	331,803	153,408
South America [Member]
Geographical sales	586	4,115
Other [Member]
Geographical sales	6,841	33,013
North America [Member]
Geographical sales	$ 289,823	$ 809,241

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Accounts payable, related party for leases	$ 0		$ 0
Accrued compensation payable	375,000		$ 350,000
Gold Team Inc. [Member]
Related Party Transaction [Line Items]
Rent expense	$ 42,000	$ 42,000

Concentrations (Details)

Concentrations (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Sales [Member] | Customer 1 [Member]
Concentrations (Textual)
Concentration percentage	22.00%	54.00%
Sales [Member] | Customer 2 [Member]
Concentrations (Textual)
Concentration percentage	27.30%
Purchases [Member] | Vendors [Member]
Concentrations (Textual)
Concentration percentage	10.00%	10.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent Liability	$ 51,339	$ 57,142
Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent Liability
Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent Liability
Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent Liability	$ 51,339	$ 57,142

Fair Value Measurements (Deta_2

Fair Value Measurements (Details 1)	3 Months Ended
	Mar. 31, 2019USD ($)
Fair Value Disclosures [Abstract]
Contingent liability, beginning balance	$ 57,142
Change in fair value	(2,272)
Reclassification to accounts payable	(3,531)
Contingent liability, ending balance	$ 51,339

Commitments (Details)

Commitments (Details)	Mar. 31, 2019USD ($)
Note payable
2020	$ 16,262
2021	17,303
2022	5,225
2023
Total	38,790
Operating lease obligations
2020	168,000
2021	168,000
2022	14,000
2023
Total	350,000
Line of credit
2020	220,708
2021
2022
2023
Total	220,708
Future payment obligations
2020	404,970
2021	584,758
2022	19,225
2023
Total	1,008,953
Shareholder [Member]
Note payable
2020
2021	399,455
2022
2023
Total	$ 399,455

Subsequent Events (Details)

Subsequent Events (Details)	3 Months Ended
	Mar. 31, 2019
Subsequent Events (Textual)
Acquired exclusive manufacturing and supply rights, description	The Company also entered into a Cooperative Agreement with Magneto-Inertial Fusion Technologies, Inc (“MIFTI”) whereby the Company acquired certain exclusive manufacturing and supply rights, including thermonuclear fusion-powered reactor for production of electricity per MIFTI designs in return for $500,000, of which $100,000 is payable upon signing, $200,000 within four months of the agreement and $200,000 within nine months of the agreement. The $500,000 is an option to buy a 10% interest in MIFTI for $2,700,000, if completed with 24 months of the agreement date. If the options expires, MIFTI shall issue the Company 500,000 shares of common stock and rescind all other exclusive rights contained in the agreement.