Nocopi (NNUP) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 08, 2019
Document And Entity Information
Entity Registrant Name	NOCOPI TECHNOLOGIES INC/MD/
Entity Central Index Key	0000888981
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		60,324,698
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Country Name	MD
Entity File Number	000-20333

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Licenses, royalties and fees	$ 189,400	$ 175,200	$ 571,900	$ 2,005,700
Product and other sales	448,100	386,200	991,100	854,800
Total revenues	637,500	561,400	1,563,000	2,860,500
Cost of revenues
Licenses, royalties and fees	41,400	35,100	98,200	84,300
Product and other sales	166,600	137,900	380,300	323,500
Total cost of revenues	208,000	173,000	478,500	407,800
Gross profit	429,500	388,400	1,084,500	2,452,700
Operating expenses
Research and development	45,200	38,100	122,600	111,300
Sales and marketing	81,000	74,600	224,200	313,200
General and administrative	84,200	73,400	265,200	277,600
Total operating expenses	210,400	186,100	612,000	702,100
Net income from operations	219,100	202,300	472,500	1,750,600
Other income (expenses)
Interest income	4,600	700	7,200	1,400
Interest expense and bank charges	(2,600)	(2,600)	(8,000)	(8,300)
Total other income (expenses)	2,000	(1,900)	(800)	(6,900)
Net income before income taxes	221,100	200,400	471,700	1,743,700
Income taxes	14,300	199,300	30,600	199,300
Net income	$ 206,800	$ 1,100	$ 441,100	$ 1,544,400
Basic and diluted net income per common share	$ 0	$ 0	$ .01	$ 0.03
Weighted average common shares outstanding
Basic	59,614,698	58,616,716	58,949,377	58,616,716
Diluted	59,990,371	59,012,626	59,322,141	58,977,284

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash	$ 798,000	$ 400,800
Accounts receivable less $5,000 allowance for doubtful accounts	834,500	579,000
Inventory	161,000	133,500
Prepaid and other	81,100	43,600
Total current assets	1,874,600	1,156,900
Fixed assets
Leasehold improvements	19,700	19,700
Furniture, fixtures and equipment	185,800	185,400
Fixed assets, gross	205,500	205,100
Less: accumulated depreciation and amortization	198,700	197,600
Total fixed assets	6,800	7,500
Other assets
Long-term receivables	1,070,700	1,352,200
Operating lease right of use - building	212,000
Other assets	1,282,700	1,352,200
Total assets	3,164,100	2,516,600
Current liabilities
Convertible debentures	97,900	128,300
Accounts payable	41,400	16,500
Accrued expenses	202,200	163,000
Income taxes	37,500	38,600
Operating lease liability, current	41,000
Total current liabilities	420,000	346,400
Other liabilities
Accrued expenses, non-current	75,000	94,700
Deferred income taxes	47,600	108,800
Operating lease liability, non-current	171,000
Total other liabilities	293,600	203,500
Stockholders' equity
Common stock, $0.01 par value Authorized - 75,000,000 shares Issued and outstanding - 2019 - 60,324, 698 shares; 2018 - 58,616,716 shares	603,300	586,200
Paid-in capital	12,465,600	12,440,000
Accumulated deficit	(10,618,400)	(11,059,500)
Total stockholders' equity	2,450,500	1,966,700
Total liabilities and stockholders' equity	$ 3,164,100	$ 2,516,600

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,000	$ 5,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	60,324,698	58,616,716
Common stock, shares outstanding	60,324,698	58,616,716

Statements of Cash Flows

Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net income	$ 441,100	$ 1,544,400
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization	2,900	5,300
Deferred income taxes	(61,200)	106,000
Other assets	69,500	(1,423,800)
Other liabilities	192,300	99,600
Cumulative effect of accounting change		96,100
Net income adjusted for non-cash operating activities	644,600	427,600
Increase in assets
Accounts receivable	(255,500)	(308,000)
Inventory	(27,500)	(20,100)
Prepaid and other	(37,500)	(8,000)
Increase (decrease) in liabilities
Accounts payable and accrued expenses	76,400	(159,000)
Income taxes	(1,100)	93,300
Deferred revenue		(99,400)
Total increase in operating capital	(245,200)	(501,200)
Net cash provided by (used in) operating activities	399,400	(73,600)
Investment Activities
Additions to fixed assets	(2,200)	(500)
Net cash used in investing activities	(2,200)	(500)
Increase (decrease) in cash	397,200	(74,100)
Cash at beginning of year	400,800	360,400
Cash at end of period	798,000	286,300
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Operating lease right of use - building	241,100
Operating lease liability	(241,100)
Accumulated depreciation and amortization	1,800
Furniture, fixtures and equipment	(1,800)
Convertible debentures	30,400
Accrued expenses	12,300
Common stock	(17,100)
Paid-in capital	$ (25,600)

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2017	$ 586,200	$ 12,440,000	$ (12,811,000)	$ 215,200
Balance shares at Dec. 31, 2017	58,616,716
Cumulative effect of accounting change			96,100	96,100
Net income			95,800	95,800
Balance at Mar. 31, 2018	$ 586,200	12,440,000	(12,619,100)	407,100
Balance shares at Mar. 31, 2018	58,616,716
Balance at Dec. 31, 2017	$ 586,200	12,440,000	(12,811,000)	215,200
Balance shares at Dec. 31, 2017	58,616,716
Cumulative effect of accounting change				96,100
Net income				1,544,400
Balance at Sep. 30, 2018	$ 586,200	12,440,000	(11,170,500)	1,855,700
Balance shares at Sep. 30, 2018	58,616,716
Balance at Mar. 31, 2018	$ 586,200	12,440,000	(12,619,100)	407,100
Balance shares at Mar. 31, 2018	58,616,716
Net income			1,447,500	1,447,500
Balance at Jun. 30, 2018	$ 586,200	12,440,000	(11,171,600)	1,854,600
Balance shares at Jun. 30, 2018	58,616,716
Net income			1,100	1,100
Balance at Sep. 30, 2018	$ 586,200	12,440,000	(11,170,500)	1,855,700
Balance shares at Sep. 30, 2018	58,616,716
Balance at Dec. 31, 2018	$ 586,200	12,440,000	(11,059,500)	$ 1,966,700
Balance shares at Dec. 31, 2018	58,616,716			58,616,716
Net income			85,400	$ 85,400
Balance at Mar. 31, 2019	$ 586,200	12,440,000	(10,974,100)	2,052,100
Balance shares at Mar. 31, 2019	58,616,716
Balance at Dec. 31, 2018	$ 586,200	12,440,000	(11,059,500)	$ 1,966,700
Balance shares at Dec. 31, 2018	58,616,716			58,616,716
Net income				$ 441,100
Balance at Sep. 30, 2019	$ 603,300	12,465,600	(10,618,400)	$ 2,450,500
Balance shares at Sep. 30, 2019	60,324,698			60,324,698
Balance at Mar. 31, 2019	$ 586,200	12,440,000	(10,974,100)	$ 2,052,100
Balance shares at Mar. 31, 2019	58,616,716
Net income			148,900	148,900
Balance at Jun. 30, 2019	$ 586,200	12,440,000	(10,825,200)	2,201,000
Balance shares at Jun. 30, 2019	58,616,716
Issuance of common stock	$ 17,100	25,600		42,700
Issuance of common stock Shares	1,707,982
Net income			206,800	206,800
Balance at Sep. 30, 2019	$ 603,300	$ 12,465,600	$ (10,618,400)	$ 2,450,500
Balance shares at Sep. 30, 2019	60,324,698			60,324,698

Financial Statements

Financial Statements	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statements	Note 1. Financial Statements The accompanying unaudited condensed financial statements have been prepared by Nocopi Technologies, Inc. (the “Company”). These statements include all adjustments (consisting only of normal recurring adjustments) which management believes necessary for a fair presentation of the statements and have been prepared on a consistent basis using the accounting policies described in the summary of Accounting Policies included in our Company's 2018 Annual Report on Form 10-K. Certain financial information and footnote disclosures 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 our Company believes that the accompanying disclosures are adequate to make the information presented not misleading. The Notes to Financial Statements included in the 2018 Annual Report on Form 10-K should be read in conjunction with the accompanying interim financial statements. The interim operating results for the three and nine months ended September 30, 2019 may not be necessarily indicative of the operating results expected for the full year. Our Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 220 in reporting comprehensive income. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Since our Company has no items of other comprehensive income, comprehensive income is equal to net income.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Note 2. Revenues On January 1, 2018, our Company adopted ASU 214-09, Revenue from Contracts with Customers Revenue Recognition Our Company recorded a decrease to the opening balance of the accumulated deficit of $96,100 and a corresponding charge to deferred revenue as of January 1, 2018 due to the cumulative impact of the adoption of Topic 606. The disclosure of disaggregated revenue is disclosed in Note 10. The adoption of the new guidance affected our recognition of revenue from licenses and royalties. Under our previous accounting practice, we recognized revenue from licenses and royalties on a straight-line basis over the term of the related license agreement. As a result of our adoption of the new guidance, we will recognize revenue from licensees and royalties at a point in time when the term begins. During the second quarter of 2018, we negotiated an amendment to a license agreement with a licensee that, in addition to expanding the technologies that the licensee is permitted to market, provides for a four year extension to the license agreement that contains guaranteed royalties payable in installments over the term of the amendment to the license agreement. Since the performance obligation is to grant the license for the use of certain patented ink technology as it exists at the time that it is granted, the promise to grant the license is a performance obligation satisfied at a point in time in accordance with Topic 606. The change in accumulated deficit on our Balance Sheet at September 30, 2018, including the aggregate impact of the change in accounting principles which was effective on January 1, 2018, was as follows: Accumulated deficit – January 1, 2018 $ (12,811,000 ) Net earnings 1,544,400 Cumulative effect of accounting change at January 1, 2018 96,100 Accumulated deficit – September 30, 2018 $ (11,170,500 )

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	Note 3. Stock Based Compensation Our Company follows FASB ASC 718, Compensation – Stock Compensation

Line of Credit

Line of Credit	9 Months Ended
	Sep. 30, 2019
Line of Credit Facility [Abstract]
Line of Credit	Note 4. Line of Credit In November 2018, our Company negotiated a $150,000 revolving line of credit with a bank to provide a source of working capital, if required. The line of credit is secured by all the assets of our Company and bears interest at the bank’s prime rate for a period of one year and its prime rate plus 1.5% thereafter. The line of credit is subject to an annual review and quiet period. There have been no borrowings under the line of credit since its inception.

Convertible Debentures

Convertible Debentures	9 Months Ended
	Sep. 30, 2019
Convertible Debt [Abstract]
Convertible Debentures	Note 5. Convertible Debentures At September 30, 2019, our Company had convertible debentures totaling $97,900 outstanding, which are due during the third quarter of 2020. The convertible debentures bear interest at 7%. During the third quarter of 2019, our Company’s Board of Directors approved and the holders of $97,900 of the $128,300 of convertible debentures previously outstanding agreed to extend the maturity dates of those convertible debentures for one year to the third quarter of 2020 with no change in the terms or conditions of the debentures. At the option of the lender, the debentures and accrued interest are convertible in whole or part into common stock of our Company at $0.025 per share. During the third quarter of 2019, the holders of approximately $30,400 of previously outstanding convertible debentures elected to convert those debentures plus approximately $12,300 of accrued interest into 1,707,982 shares of restricted stock of our Company. Our Company also granted warrants in earlier periods to purchase 691,365 shares of our Company’s common stock at $0.02 per share to the holders of the debentures. The warrants are exercisable two years after issuance and expire seven years after issuance. The fair value of the warrants was determined using the Black-Scholes pricing model. The relative fair value of the warrants was recorded as a discount to the notes payable with an offsetting credit to additional paid-in capital since our Company determined that the warrants were an equity instrument in accordance with FASB ASC 815. The debt discount related to the warrant issuances has been accreted through interest expense over the term of the notes payable. The following table summarizes our Company’s warrant position at September 30, 2019 and December 31, 2018: Weighted Average Number Exercise Exercise of Shares Price Price Outstanding warrants - December 31, 2018 691,365 $ 0.02 $ 0.02 Outstanding warrants - September 30, 2019 691,365 $ 0.02 $ 0.02 Weighted average remaining contractual life (years) 1.08 Exercisable warrants - September 30, 2019 691,365 $ 0.02 $ 0.02 The aggregate intrinsic value of warrants outstanding and exercisable as of September 30, 2019 was approximately $12,100. The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $0.0375 for our Company’s common stock on September 30, 2019.

Other Income (Expenses)

Other Income (Expenses)	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Other Income (Expenses)	Note 6. Other Income (Expenses) Other income (expenses) for the three and nine months ended September 30, 2019 and 2018 includes interest on convertible debentures held by nine investors and interest earned on invested funds.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes There is no provision for federal income taxes for the three and nine months ended September 30, 2019 and September 30, 2018 due to the availability of net operating loss carryforwards. Our Company has established a valuation allowance for the entire amount of benefits resulting from our Company’s net operating loss carryforwards because our Company has determined that the realization of the net deferred tax asset is not assured. The components for state income tax expense resulting from the limitation on the use of net operating losses are: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 Current state taxes $ 21,100 $ 93,300 $ 91,800 $ 93,300 Deferred state taxes (6,800 ) 106,000 (61,200 ) 106,000 $ 14,300 $ 199,300 $ 30,600 $ 199,300 There was no change in unrecognized tax benefits during the period ended September 30, 2019 and there was no accrual for uncertain tax positions as of September 30, 2019. Tax years from 2016 through 2018 remain subject to examination by U.S. federal and state jurisdictions.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 8. Related Party Transactions During the nine months ended September 30, 2018, our Company paid $235,400 to Michael A. Feinstein, M.D., our Company’s Chairman of the Board and Chief Executive Officer, representing the balance of previously deferred salary owed to him under an employment agreement with our Company. During the five month period ended May 31, 2018, Dr. Feinstein deferred $35,400 of salary. The deferred salary was fully repaid to Dr. Feinstein during 2018 and, at September 30, 2018, there was no remaining deferred salary owed to him. There was no interest payable on the deferred salary.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2019
Weighted average common shares outstanding
Earnings per Share	Note 9. Earnings per Share In accordance with FASB ASC 260, Earnings per Share

Major Customer and Geographic I

Major Customer and Geographic Information	9 Months Ended
	Sep. 30, 2019
Major Customer and Geographic Information [Abstract]
Major Customer and Geographic Information	Note 10. Major Customer and Geographic Information Our Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of our Company’s total revenues were: Three Months ended September 30, Nine Months ended September 30, 2019 2018 2019 2018 Customer A 65 % 49 % 47 % 20 % Customer B 14 % 22 % 21 % 64 % Customer C – 11 % 6 % 6 % Our Company’s non-affiliate customers whose individual balances amounted to more than 10% of our Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were: September 30, December 31, 2019 2018 Customer A 13 % 6 % Customer B 79 % 86 % Our Company performs ongoing credit evaluations of its customers and generally does not require collateral. Our Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on our Company’s business operations and financial condition. Our Company’s revenues by geographic region are as follows: Three Months ended September 30, Nine Months ended September 30, 2019 2018 2019 2018 North America $ 190,600 $ 208,400 $ 633,000 $ 2,067,700 South America – – – 1,500 Europe – 100 100 200 Asia 418,300 352,900 901,300 791,100 Australia 28,600 – 28,600 – $ 637,500 $ 561,400 $ 1,563,000 $ 2,860,500

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Leases	Note 11. Leases Our Company conducts its operations in leased facilities under a non-cancelable operating lease expiring in 2024. Due to the adoption of the new lease standard under the optional transition method which allows the entity to apply the new lease standard at the adoption date, our Company has capitalized the present value of the minimum lease payments commencing January 1, 2019, using an estimated incremental borrowing rate of 6%. The minimum lease payments do not include common area annual expenses which are considered to be non-lease components. As of January 1, 2019 the operating lease right-of-use asset and operating lease liability amounted to $241,100 with no cumulative-effect adjustment to the opening balance of accumulated deficit. There are no other material operating leases. Our Company has elected not to recognize right-of-use assets and lease liabilities arising from short-term leases. Future minimum lease payments under non-cancelable operating leases with initial or remaining terms of one year or more at September 30, 2019 are: $12,600 – 2019; $51,600 – 2020; $53,100 – 2021; $54,600 – 2022; $56,200 – 2023 and $18,900 – 2024. Total lease expense under operating leases for the three and nine months ended September 30, 2019 was $13,300 and $40,000, respectively. Total lease expense under operating leases for the three and nine months ended September 30, 2018 was $11,300 and $33,800, respectively. Maturities of lease liabilities are as follows: Operating Leases Year ending December 31 2019 $ 12,600 2020 51,600 2021 53,100 2022 54,600 2023 56,200 2024 18,900 Total lease payments 247,000 Less imputed interest (35,000 ) Total $ 212,000

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Change in Accumulated Deficit Balance	The change in accumulated deficit on our Balance Sheet at September 30, 2018, including the aggregate impact of the change in accounting principles which was effective on January 1, 2018, was as follows: Accumulated deficit – January 1, 2018 $ (12,811,000 ) Net earnings 1,544,400 Cumulative effect of accounting change at January 1, 2018 96,100 Accumulated deficit – September 30, 2018 $ (11,170,500 )

Convertible Debentures (Tables)

Convertible Debentures (Tables)	9 Months Ended
	Sep. 30, 2019
Convertible Debt [Abstract]
Schedule of Warrants Outstanding	The following table summarizes our Company’s warrant position at September 30, 2019 and December 31, 2018: Weighted Average Number Exercise Exercise of Shares Price Price Outstanding warrants - December 31, 2018 691,365 $ 0.02 $ 0.02 Outstanding warrants - September 30, 2019 691,365 $ 0.02 $ 0.02 Weighted average remaining contractual life (years) 1.08 Exercisable warrants - September 30, 2019 691,365 $ 0.02 $ 0.02

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Components for State Income Tax Expense	The components for state income tax expense resulting from the limitation on the use of net operating losses are: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 Current state taxes $ 21,100 $ 93,300 $ 91,800 $ 93,300 Deferred state taxes (6,800 ) 106,000 (61,200 ) 106,000 $ 14,300 $ 199,300 $ 30,600 $ 199,300

Major Customer and Geographic_2

Major Customer and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Revenues from Non-affiliated Customers	Our Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of our Company’s total revenues were: Three Months ended September 30, Nine Months ended September 30, 2019 2018 2019 2018 Customer A 65 % 49 % 47 % 20 % Customer B 14 % 22 % 21 % 64 % Customer C – 11 % 6 % 6 %
Schedule of Non-affiliated Customers with Accounts Receivable More Than 10%	Our Company’s non-affiliate customers whose individual balances amounted to more than 10% of our Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were: September 30, December 31, 2019 2018 Customer A 13 % 6 % Customer B 79 % 86 %
Schedule of Revenue by Geographic Region	Our Company’s revenues by geographic region are as follows: Three Months ended September 30, Nine Months ended September 30, 2019 2018 2019 2018 North America $ 190,600 $ 208,400 $ 633,000 $ 2,067,700 South America – – – 1,500 Europe – 100 100 200 Asia 418,300 352,900 901,300 791,100 Australia 28,600 – 28,600 – $ 637,500 $ 561,400 $ 1,563,000 $ 2,860,500

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Maturities of Lease Liabilities	Maturities of lease liabilities are as follows: Operating Leases Year ending December 31 2019 $ 12,600 2020 51,600 2021 53,100 2022 54,600 2023 56,200 2024 18,900 Total lease payments 247,000 Less imputed interest (35,000 ) Total $ 212,000

Revenues (Details)

Revenues (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accumulated deficit			$ (11,059,500)			$ (12,811,000)	$ (11,059,500)	$ (12,811,000)
Net earnings	$ 206,800	$ 148,900	$ 85,400	$ 1,100	$ 1,447,500	95,800	441,100	1,544,400
Cumulative effect of accounting change						$ 96,100		96,100
Accumulated deficit	(10,618,400)			(11,170,500)			(10,618,400)	(11,170,500)
Long-term receivable	$ 1,070,700			$ 1,521,700			$ 1,070,700	1,521,700	$ 1,352,200
Selling expense								$ 106,500

Stock Based Compensation (Detai

Stock Based Compensation (Details)	Sep. 30, 2019USD ($)
Share-based Payment Arrangement [Abstract]
Unrecognized portion of expense related to stock option grants	$ 0

Line of Credit (Details)

Line of Credit (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Line of Credit Facility [Abstract]
Line of credit borrowing capacity	$ 150,000
Interest rate	The line of credit is secured by all the assets of our Company and bears interest at the bank’s prime rate for a period of one year and its prime rate plus 1.5% thereafter.

Convertible Debentures (Narrati

Convertible Debentures (Narrative) (Details) - Convertible Debt [Member]	3 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Debt Instrument [Line Items]
Convertible debt amount outstanding	$ 97,900
Convertible debentures extended for one year	$ 97,900
Debt instrument, interest rate	7.00%
Debt instrument, conversion price per share | $ / shares	$ 0.025
Debt converted	$ 30,400
Interest converted	$ 12,300
Shares issued | shares	1,707,982
Number of shares of common stock that can be purchased through warrants | shares	691,365
Price per share of warrants | $ / shares	$ 0.02
Warrants outstanding intrinsic value	$ 12,100
Warrants exercisable intrinsic value	$ 12,100
Closing stock price | $ / shares	$ 0.0375

Convertible Debentures (Warrant

Convertible Debentures (Warrants Activity) (Details) - Warrant [Member] - $ / shares	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Warrants
Warrants outstanding	691,365	691,365
Exercise price	$ 0.02	$ 0.02
Weighted average exercise price	$ 0.02	0.02
Weighted average remaining contractual life	1 year 29 days
Exercisable	691,365
Exercisable weighted average exercise price	$ 0.02	$ 0.02

Income Taxes (Details)

Income Taxes (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Tax Contingency [Line Items]
Change in unrecognized tax benefits during the period
Accrual for uncertain tax positions
Minimum [Member]
Income Tax Contingency [Line Items]
Tax years open for examination	2016
Maximum [Member]
Income Tax Contingency [Line Items]
Tax years open for examination	2018

Income Taxes (Components for St

Income Taxes (Components for State Income Tax Expense) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Current state taxes	$ 21,100	$ 93,300	$ 91,800	$ 93,300
Deferred state taxes	(6,800)	106,000	(61,200)	106,000
Income tax expense	$ 14,300	$ 199,300	$ 30,600	$ 199,300

Related Party Transactions (Det

Related Party Transactions (Details) - Related Party [Member] - USD ($)	5 Months Ended	9 Months Ended
	May 31, 2018	Sep. 30, 2018	Sep. 30, 2019
Related Party Transaction [Line Items]
Deferred salary paid to related party		$ 235,400
Portion of salary to related party deferred during period	$ 35,400
Deferred salary owed to related party			$ 0

Earnings per Share (Details)

Earnings per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted average common shares outstanding
Number of incremental common shares resulting from the assumed conversion of warrants	375,673	395,910	372,764	360,568

Major Customer and Geographic_3

Major Customer and Geographic Information (Schedule of Revenues from Non-affiliated Customers) (Details) - Revenue [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Customer A [Member]
Revenue, Major Customer [Line Items]
Risk percentage	65.00%	49.00%	47.00%	20.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Risk percentage	14.00%	22.00%	21.00%	64.00%
Customer C [Member]
Revenue, Major Customer [Line Items]
Risk percentage		11.00%	6.00%	6.00%

Major Customer and Geographic_4

Major Customer and Geographic Information (Schedule of Non-affiliated Customers with Accounts Receivable) (Details) - Accounts Receivable [Member]	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Customer A [Member]
Concentration Risk [Line Items]
Risk percentage	13.00%	6.00%
Customer B [Member]
Concentration Risk [Line Items]
Risk percentage	79.00%	86.00%

Major Customer and Geographic_5

Major Customer and Geographic Information (Schedule of Revenue by Geographic Region) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 637,500	$ 561,400	$ 1,563,000	$ 2,860,500
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	190,600	208,400	633,000	2,067,700
South America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues				1,500
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		100	100	200
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	418,300	352,900	901,300	791,100
Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 28,600		$ 28,600

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 02, 2019	Dec. 31, 2018
Lessee Disclosure [Abstract]
2019	$ 12,600		$ 12,600
2020	51,600		51,600
2021	53,100		53,100
2022	54,600		54,600
2023	56,200		56,200
2024	18,900		18,900
Lease expense	$ 13,300	$ 11,300	$ 40,000	$ 33,800
Incremental borrowing rate	6.00%		6.00%
Operating lease right-of-use asset	$ 212,000		$ 212,000		$ 241,100
Operating lease liability	$ 212,000		$ 212,000		$ 241,100

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details) - USD ($)	Sep. 30, 2019	Jan. 02, 2019
Lessee Disclosure [Abstract]
2019	$ 12,600
2020	51,600
2021	53,100
2022	54,600
2023	56,200
2024	18,900
Total lease payments	247,000
Less imputed interest	(35,000)
Total	$ 212,000	$ 241,100