Nano Magic (NMGX) 10-Q 28 Oct 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Oct. 15, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	1-11602
Entity Registrant Name	NANO MAGIC HOLDINGS INC.
Entity Central Index Key	0000891417
Entity Tax Identification Number	47-1598792
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	31601 Research Park Drive
Entity Address, City or Town	Madison Heights
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48071
City Area Code	(844)
Local Phone Number	273-6462
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	NMGX
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,657,347

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
REVENUES:
Total Revenues	$ 1,368,568	$ 1,152,484	$ 3,679,743	$ 1,600,658
Total Cost of Revenues	679,423	755,785	1,963,621	1,145,502
GROSS PROFIT	689,145	396,699	1,716,122	455,156
OPERATING EXPENSES:
Selling and marketing expenses	40,324	4,826	77,220	15,883
Salaries, wages and related benefits	781,602	163,831	1,333,332	308,465
Research and development	7,437	14,383	9,313	31,035
Professional fees	198,419	359,420	410,525	484,172
General and administrative expenses	294,238	136,234	478,820	273,304
Other operating income	(164,521)		(500,538)
Total Operating Expense, net	1,157,499	678,694	1,808,672	1,112,859
LOSS FROM OPERATIONS	(468,354)	(281,995)	(92,550)	(657,703)
OTHER (EXPENSE) INCOME:
Interest expense	(4,868)	(519)	(10,275)	(2,627)
Miscellaneous (Expense) Income, net	(375)	237	(375)	237
Total Other (Expense) Income	(5,243)	(282)	(10,650)	(2,390)
NET (LOSS)	$ (473,597)	$ (282,277)	$ (103,200)	$ (660,093)
NET (LOSS) PER COMMON SHARE:
Basic	$ (0.05)	$ (0.04)	$ (0.01)	$ (0.10)
Diluted	$ (0.05)	$ (0.04)	$ (0.01)	$ (0.10)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	9,657,347	7,199,942	9,285,956	6,850,643
Diluted	9,657,347	7,199,942	9,285,956	6,850,643
Product [Member]
REVENUES:
Total Revenues	$ 1,130,397	$ 908,062	$ 3,312,843	$ 1,149,779
Total Cost of Revenues	499,173	600,781	1,630,941	823,599
Contract Services [Member]
REVENUES:
Total Revenues	238,171	244,422	366,900	450,879
Total Cost of Revenues	$ 180,250	$ 155,004	$ 332,680	$ 321,903

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash	$ 1,694,347	$ 288,134
Investments	10,716	10,473
Accounts receivable, net	549,269	1,235,069
Accounts receivable - related party	1,390
Inventory	1,232,688	841,694
Prepaid expenses and contract assets	500,828	278,461
Total Current Assets	3,989,238	2,653,831
Operating lease right-of-use assets	1,415,581	1,518,308
Property, plant and equipment, net	629,538	613,471
Other assets	5,890	5,890
Total Assets	6,040,247	4,791,500
CURRENT LIABILITIES:
Accounts payable	933,962	1,136,756
Accounts payable - related parties		12,000
Accrued expenses and other current liabilities	236,042	351,075
Customer deposits	25,508
Current portion of debt	317,830	97,581
Advances from related parties	122,887	145,387
Current portion of operating lease liabilities	155,336	186,898
Contract liabilities		90,562
Total Current Liabilities	1,791,565	2,020,259
Debt, net of current portion	145,764	178,300
Operating Lease liabilities, net of current portion	1,007,181	1,195,521
Total Liabilities	2,944,510	3,394,080
Commitments and Contingencies (See Note 7)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding
Class A common stock: $0.0001 par value, 30,000,000 shares authorized; 9,657,347 issued and outstanding at June 30, 2021 and December 31, 2020, respectively	965	846
Additional paid-in capital	11,668,572	9,867,174
Accumulated deficit	(8,573,800)	(8,470,600)
Total Stockholders’ Equity	3,095,737	1,397,420
Total Liabilities and Stockholders’ Equity	$ 6,040,247	$ 4,791,500

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	30,000,000	30,000,000
Common Stock, Shares, Issued	9,657,347	9,657,347
Common stock, shares issued	9,657,347	9,657,347

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]Common Class A [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Common Class A [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 622	$ 7,242,067	$ (7,689,545)		$ (446,856)
Balance, shares at Dec. 31, 2019	6,222,881
Common stock issued for cash, net of issuance costs	$ 96	621,313			621,409
Common stock issued for cash, net of issuance costs, shares	956,013
Common stock issued for services	$ 2	11,998			12,000
Common stock issued for services, shares	21,048
Warrants, options, and warrant options on private placement		37,058			37,058
Warrants issued in connection with building lease		311,718			311,718
Stock subscription payable		181,533			181,533
Stock based compensation		53,242			53,242
Net loss			(660,093)		(660,093)
Ending balance, value at Jun. 30, 2020	$ 720	8,458,929	(8,349,638)		110,011
Balance, shares at Jun. 30, 2020	7,199,942
Beginning balance, value at Dec. 31, 2019	$ 622	7,242,067	(7,689,545)		(446,856)
Balance, shares at Dec. 31, 2019	6,222,881
Net loss					(781,055)
Ending balance, value at Dec. 31, 2020	$ 846	9,867,174	(8,470,600)		1,397,420
Balance, shares at Dec. 31, 2020	8,459,995
Beginning balance, value at Mar. 31, 2020	$ 720	8,118,444	(8,067,361)		51,803
Balance, shares at Mar. 31, 2020	7,119,942
Common stock issued for services
Warrants issued in connection with building lease		311,718			311,718
Stock based compensation		28,767			28,767
Net loss			(282,277)		(282,277)
Ending balance, value at Jun. 30, 2020	$ 720	8,458,929	(8,349,638)		110,011
Balance, shares at Jun. 30, 2020	7,199,942
Beginning balance, value at Dec. 31, 2020	$ 846	9,867,174	(8,470,600)		1,397,420
Balance, shares at Dec. 31, 2020	8,459,995
Common stock issued for cash, net of issuance costs	$ 115	1,442,962			1,443,077
Common stock issued for cash, net of issuance costs, shares	1,154,462
Common stock issued for services	$ 4	40,996			41,000
Common stock issued for services, shares	42,890
Warrants, options, and warrant options on private placement		57,723			57,723
Stock based compensation		259,717			259,717
Net loss			(103,200)		(103,200)
Ending balance, value at Jun. 30, 2021	$ 965	11,668,572	(8,573,800)		3,095,737
Balance, shares at Jun. 30, 2021	9,657,347			9,657,347
Beginning balance, value at Mar. 31, 2021	$ 965	11,435,286	(8,100,203)		3,336,048
Balance, shares at Mar. 31, 2021	9,657,347
Common stock issued for cash, net of issuance costs					1,443,077
Stock based compensation		233,286			233,286
Net loss			(473,597)		(473,597)
Ending balance, value at Jun. 30, 2021	$ 965	$ 11,668,572	$ (8,573,800)		$ 3,095,737
Balance, shares at Jun. 30, 2021	9,657,347			9,657,347

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (473,597)	$ (282,277)	$ (103,200)	$ (660,093)	$ (781,055)
Adjustments to reconcile net loss to net cash provided by operating activities:
Change in inventory obsolescence reserve			75,000	86,121
Depreciation and amortization expense			51,290	8,062
Bad debt expense				4,000
Stock-based compensation			300,836	65,242
Change in operating assets and liabilities:
Accounts receivable			685,800	(381,180)
Accounts receivable - related party			(1,390)
Inventory			(465,993)	(7,523)
Prepaid expenses and contract assets			(222,367)	(152,636)
Accounts payable			(323,222)	228,207
Operating lease liabilities			32,809	78
Customer deposits			24,748	5,701
Accrued expenses			(6,485)	21,393
Contract liabilities			(90,562)	(162,123)
NET CASH USED BY OPERATING ACTIVITIES			(42,736)	(944,751)	2,001,044
CASH FLOWS FROM INVESTING ACTIVITIES
Net activity on CD investments			(243)	(237)
Capitalized lease cost				(311,718)
Purchases of property, plant and equipment			(62,640)	(4,596)
NET CASH USED BY INVESTING ACTIVITIES			(62,883)	(316,551)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of bank lines of credit				(10,378)
Advances from related parties			(22,500)
Proceeds from bank loans			79,305	130,900
Proceeds from sale of common stock and warrants			1,500,800	1,151,718
Repayment of debt			(45,773)	(4,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES			1,511,832	1,268,240
NET INCREASE IN CASH			1,406,213	6,938
CASH, beginning of year			288,134	216,801	216,801
CASH, end of period	$ 1,694,347	$ 223,739	1,694,347	223,739	$ 288,134
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest			$ 10,275	$ 2,627

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION Organization Nano Magic Holdings Inc. (“we”, “us”, “our”, “Nano Magic” or the “Company”), a Delaware corporation, develops and sells a portfolio of nano-layer coatings, nano-based cleaners, and nano-composite products based on its proprietary technology, and performs nanotechnology product research and development generating revenues through performing contract services. On March 3, 2020, we changed our name from PEN Inc. to Nano Magic Inc. and on March 2, 2021 we changed our name to Nano Magic Holdings Inc. Through the Company’s wholly-owned subsidiary, Nano Magic LLC, formerly known as PEN Brands LLC, we develop, manufacture and sell consumer and institutional products using nanotechnology to deliver unique performance attributes at the surfaces of a wide variety of substrates. These products are marketed internationally directly to consumers and also to retailers and other institutional customers. On March 31, 2020, PEN Brands LLC changed its name to Nano Magic LLC. Through the Company’s wholly-owned subsidiary, Applied Nanotech, Inc., we primarily perform contract research services for the Company and for governmental and private customers. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information. Accordingly, they do not include all the information and disclosures required by US GAAP for annual financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the unaudited condensed consolidated financial statements of the Company as of June 30, 2021 and for the three and six months ended June 30, 2021 and 2020. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results for the full year ending December 31, 2021 or any other period. The balance sheet at December 31, 2020 has been derived from the audited financial statement at that date but does not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures of the Company as of December 31, 2020 and for the year then ended, which were filed with the Securities and Exchange Commission on Form 10-K on May 28, 2021. Going Concern Matters and Management’s Plan As indicated in the accompanying condensed consolidated financial statements, the company has positive working capital on June 30, 2021 and at December 31, 2020, including $ 1,694,347 and $ 288,134 of cash at June 30, 2021 and December 31, 2020, respectively. The company had cash used by operations of $ 42,736 for the six-months ended June 30, 2021, and a net loss of $ 103,200 for the period and a net loss of $ 781,055 and negative cash flows from operations of $ 2,001,044 for the year ended December 31, 2020. The consolidated statement of operations also reflects an increase in Product sales of $ 2,163,064 or 188 % for the six months ended June 30, 2021 as compared to the six months ended June 30, 2020. Management has considered whether there is substantial doubt about its ability to continue as a going concern in light of the operating losses and historical negative cash flows from operations. Considering the increased sales generating increased revenue, the cash flow for the first two quarters of 2021 and the positive working capital at June 30, 2021 and December 31, 2020, the Company believes that its capital resources are sufficient to maintain its business operations for the next twelve months. Moreover, the Company is implementing a marketing plan under which management projects sales to increase in 2021 and 2022 as compared to 2020 that are expected to contribute additional funds to maintain operations. The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. They do not include any adjustments related to the recoverability and/or classification of the recorded asset amounts and/or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

INVENTORY

INVENTORY	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
INVENTORY	NOTE 2 – INVENTORY At June 30, 2021 and December 31, 2020, inventory consisted of the following: SCHEDULE OF INVENTORY June 30, 2021 December 31, 2020 Raw materials $ 994,224 $ 632,055 Work-in-progress 76,788 176,392 Finished goods 351,341 147,913 Inventory, gross 1,422,353 956,360 Less: reserve for obsolescence (189,665 ) (114,666 ) Inventory, net $ 1,232,688 $ 841,694

FACTORING

FACTORING	6 Months Ended
	Jun. 30, 2021
Factoring
FACTORING	NOTE 3 – FACTORING Since September 1, 2020, The Company has participated in a factoring program with NOWaccount ® Network Corporation (“NOW”). At the time of a sale, NOW buys the receivables at a discount, based on the due date and other terms. Costs associated with this program were $ 5,593 9,057

DEBT

DEBT	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
DEBT	NOTE 4 – DEBT On February 10, 2015, Nano Magic entered into a $ 373,000 promissory note (the “Equipment Note”) with KeyBank, N.A. (the “Bank”). The unpaid principal balance of this Equipment Note is payable in 60 equal monthly instalments payments of principal and interest through June 10, 2020 . The Equipment Note is secured by certain equipment, as defined in the Equipment Note, and bears interest computed at a rate of interest of 4.35 % per annum based on a year of 360 days. On June 18, 2019, Nano Magic entered into an Amendment to the Equipment Note with the Bank. By the amendment, the maturity date of the note was extended until April 10, 2022 , the interest rate was raised to 6.29 % per year, and the monthly payments were reduced to $ 4,053 , including interest. At June 30, 2021, the principal amount due under the Equipment Note amounted to $ 64,042 and is current. On May 8, 2020, Nano Magic LLC obtained a loan from Fifth Third Bank for $ 130,900 under the Small Business Administration Paycheck Protection Program. The loan bears interest at 1.00 % and is payable in monthly instalments of principal and interest in the amount of $ 7,330 . As of June 30, 2021, the balance on the loan was the full principal amount and is current. On August 11, 2020, the company entered into a finance lease for furniture. We financed $ 60,684 over a period of 36 months with monthly payments of $ 1,972 during that time. As of June 30, 2021, the balance on the lease was $ 44,116 ; the current and non-current portions were $ 19,980 and $ 24,136 respectively. On September 24, 2020, the company entered into a finance lease with Raymond Leasing Corporation for a forklift. Nano Magic LLC financed $ 14,250 36 months 425 10,493 4,709 5,784 In December 2020, the company entered into a finance lease for production equipment. We financed $ 85,000 over a period of 48 months with monthly payments of $ 2,135 during that time. As of June 30, 2021, the balance on the lease was $ 75,174 ; the current and non-current portions were $ 18,894 and $ 56,280 , respectively. On February 1, 2021, our subsidiary Applied Nanotech obtained a loan from Amegy Bank of Texas for $ 79,305 under the Small Business Administration Paycheck Protection Program. The loan bears interest at 1.00 %. As of June 30, 2021, the balance on the loan was the full principal amount and is current Other Applied Nanotech long term debt was $ 54,893 as of June 30, 2021.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS For the three month and six-month periods ended June 30, 2021, we accrued $ 12,000 in fees for each of the directors. In August, pursuant to authorization granted by the Board in May, we entered into indemnification agreements with our directors. Other compensation paid to directors was: SCHEDULE OF OTHER COMPENSATION Three Months ended June 30, Six Months ended June 30, 2021 2020 2021 2020 Ronald J. Berman $ 45,094 $ 47,700 $ 107,694 $ 139,700 Tom J. Berman $ 93,546 * $ 45,000 $ 266,499 + $ 92,000 * Jeanne M Rickert $ - $ 3,000 $ - $ 6,000 Scott E. Rickert $ 12,000 ++ $ 3,000 $ 22,500 ++ $ 6,000 + Salary and bonus paid under employment agreement. * Indicates amount paid as salary ++ Repayment of advances made to the Company Mr. Ron Berman and Mr. Tom Berman are the managers of the limited liability company that is the manager of PEN Comeback, LLC, PEN Comeback 2, LLC, Magic Growth, LLP and Magic Growth 2 LLC. These four limited liability companies purchased shares of common stock and derivative securities from us in 2018, 2019, 2020, and 2021. See the subsection on Sales of Stock under Issuances of Common Stock in In addition, Mr. Tom Berman and Mr. Ron Berman are two of three individuals who share voting power of the sole manager of the limited liability company that is our landlord in Michigan. Together, Tom and Ron Berman hold, in the aggregate, a 5 The lease for the Michigan facility gives us the right, during the first three years of the lease, to buy up to a 49% interest in the landlord for a price equal to 49% of the contributions received from other members.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 6 - STOCKHOLDERS’ EQUITY Description of Preferred and Common Stock On July 2, 2020, we amended and restated our certification of incorporation to eliminate the Company’s Class B common stock and Class Z common stock and rename as “common stock” the Company’s Class A Common Stock. As part of the amendment, we increased the number of authorized shares of common stock from 7,200,000 30,000,000 0.0001 100,000 0.0001 Preferred Stock The preferred stock may be issued in one or more series. The Company’s board of directors are authorized to issue the shares of preferred stock in such series and to fix from time to time before issuance thereof the number of shares to be included in any such series and the designation, powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations or restrictions thereof, of such series. Common Stock The rights of each share of common are the same with respect to dividends, distributions and rights upon liquidation. Holders of common stock each have one vote per share in the election of directors and other matters submitted to a vote of the stockholders. Issuances of Common Stock Common Stock Issued for Services and Stock Appreciation Rights Pursuant to the agreement entered into on October 20, 2020, with the holder of substantially all the outstanding stock appreciation rights, on March 2, 2021, we issued 5,000 1.00 On March 2, 2021, we issued an aggregate of 37,890 0.95 36,000 Sales of Common Stock and Derivative Equity Securities On March 2, 2021, the Company sold to Magic Growth 2 LLC, 769,231 961,539 769,225 38,461 2.00 On March 17, 2021, the Company sold to Magic Growth 2 LLC, 385,231 481,539 385,225 19,260 2.00 In total for the six months ended June 30, 2021, 1,154,462 shares of common stock were sold and issued for $ 1,443,077 . Additionally, 1,154,450 warrants were sold for $ 57,723 . Stock Options In connection with the three-year extension of the contract with our President and Chief Executive Officer, he was granted an option on March 3, 2021 to purchase up to 2,350,000 0.75 SCHEDULE OF STOCK OPTIONS VESTING The right to purchase: Consisting of: Is vested on: Tranche 1 150,000 June 30, 2021 Tranche 2 150,000 December 31, 2021 Tranche 3 150,000 June 30, 2022 Tranche 4 150,000 December 31, 2022 Tranche 5 150,000 June 30, 2023 Tranche 6 150,000 December 31, 2023 Tranche 7 Up to 150,000 If the aggregate sales bonus payable for 2021 exceeds $240,000 Tranche 8 Up to 150,000 If the aggregate sales bonus payable for 2022 exceeds $260,000 Tranche 9 Up to 150,000 If the aggregate sales bonus payable for 2023 exceeds $300,000 Tranche 10 Up to 1 If a profit bonus is payable under the employment contract and the Board determines to pay some or all of it with options, the number vested as determined by the Board On March 2, 2021, we granted an option to Ronald J. Berman as part of his consulting contract entered into on that day. Under the consulting agreement, Mr. Berman oversees sales and marketing for Nano Magic LLC and will work on special projects as requested by the President & CEO. His cash compensation is $ 10,000 100,000 0.75 Mr. Berman is a director and is the father of our President, Tom J. Berman. On March 2, 2021, our Board adopted the 2021 Nano Magic 2021 Equity Incentive Plan described below. Stock options to purchase common stock outstanding at June 30, 2021 include the 87,500 the expiration of 1,022 options. SCHEDULE OF STOCK OPTION PLAN ACTIVITY Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding December 31, 2020 502,892 $ 0.89 3.23 220,000 Exercised - - - - Issued 2,637,500 $ 0.75 - - Expired & forfeited (1,022 ) 80.21 - - Outstanding June 30, 2021 3,139,370 $ 0.75 5.48 $ - Exercisable June 30, 2021 679,449 $ 0.74 3.21 $ - SCHEDULE OF STOCK OPTIONS AND WARRANTS June 30, 2021 December 31, 2020 Stock options 3,139,370 502,892 Stock warrants 6,597,890 5,443,440 Total 9,737,260 5,946,332 Warrants As of June 30, 2021, there were outstanding and exercisable warrants to purchase 6,597,890 shares of common stock with a weighted average exercise price of $ 1.66 per share and a weighted average remaining contractual term of 31 2015 Equity Incentive Plan On November 30, 2015, the Board of Directors authorized the 2015 Equity Incentive Plan. On December 31, 2019, we issued an aggregate of 102,500 shares to employees in settlement of accrued salaries totaling $ 66,615 . On January 31, 2020 we granted an option to purchase 100,000 shares to a senior member of the sales team with vesting tied directly to 2020 sales goals. On April 8, 2021, the Board terminated the 2015 Equity Incentive Plan. 2021 Equity Incentive Plan On March 2, 2021, our Board adopted the 2021 Nano Magic 2021 Equity Incentive Plan (the “Plan”) to allow equity compensation for those who provide services to the Company and to encourage ownership in the Company by personnel whose service to the Company is important to its continued progress, to encourage recipients to act as owners and thereby in the stockholders’ interest and to enable recipients to share in the Company’s success. Initially, 85,000 2,500 2,500 200,000 100,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 - COMMITMENTS AND CONTINGENCIES Litigation The Company may be, from time to time, subject to various administrative, regulatory, and other legal proceedings arising in the ordinary course of business. On May 28, 2021, we entered into a settlement and release with a former consultant under which we will pay $ 15,000 in three monthly installments commencing on June 1, 2021. As of June 30, 2021 we were not a defendant in any proceedings. See Note 9, Subsequent Events, regarding a collection suit previously reported that is settled. Our policy is to accrue costs for contingent liabilities, including legal proceedings or unasserted claims that may result in legal proceedings, when a liability is probable and the amount can be reasonably estimated. As of June 30, 2021, the Company has no

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 8 – SEGMENT REPORTING The Company’s principal operating segments coincide with the types of products to be sold. The products from which revenues are derived are consistent with the reporting structure of the Company’s internal organization. The Company’s two Segment operating profit is determined based upon internal performance measures used by the chief operating decision-maker. The Company derives the segment results from its internal management reporting system. The accounting policies the Company uses to derive reportable segment results are the same as those used for external reporting purposes. Management measures the performance of each reportable segment based upon several metrics, including net revenues, gross profit and operating loss. Management uses these results to evaluate the performance of, and to assign resources to, each of the reportable segments. The Company manages certain operating expenses separately at the corporate level and does not allocate such expenses to the segments. Segment income from operations excludes interest income/expense and other income or expenses and income taxes according to how a particular reportable segment’s management is measured. Management does not consider impairment charges, and unallocated costs in measuring the performance of the reportable segments. Segment information available with respect to these reportable business segments for the three and six months ended June 30, 2021 and 2020 was as follows: SCHEDULE OF SEGMENT INFORMATION 2021 2020 2021 2020 Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenues: Product segment $ 1,130,397 $ 908,062 $ 3,312,843 $ 1,149,779 Contract services segment 238,171 244,422 366,900 450,879 Total segment and consolidated revenues $ 1,368,568 $ 1,152,484 $ 3,679,743 $ 1,600,658 Cost of revenues: Products $ 499,173 $ 600,781 $ 1,630,941 $ 823,599 Contract services segment 180,250 155,004 332,680 321,903 Total segment and consolidated cost of revenues $ 679,423 $ 755,785 $ 1,963,621 $ 1,145,502 Gross profit: Product segment $ 631,224 $ 307,281 $ 1,681,902 $ 326,180 Contract services segment 57,921 89,418 34,220 128,976 Total segment and consolidated gross profit $ 689,145 $ 396,699 $ 1,716,122 $ 455,156 Gross margin: Product segment 55.8 % 33.8 % 50.8 % 28.4 % Contract services segment 24.3 % 36.6 % 9.3 % 28.6 % Total gross margin 50.4 % 34.4 % 46.6 % 28.4 % Segment operating expenses: Product segment $ 1,108,667 $ 645,570 $ 1,724,747 $ 1,034,755 Contract services segment 48,832 32,124 83,924 78,104 Total segment operating expenses $ 1,157,499 $ 678,694 $ 1,808,672 $ 1,112,859 (Loss) income from operations: Product segment $ (477,443 ) $ (339,289 ) $ (42,845 ) $ (708,575 ) Contract services segment 9,089 57,294 (49,705 ) 50,872 Total segment (loss) income (468,354 ) (281,995 ) (92,550 ) (657,703 ) Total consolidated (loss) income from operations $ (468,354 ) $ (281,995 ) $ (92,550 ) $ (657,703 ) Depreciation and amortization: Product segment $ 26,417 $ 12,488 $ 50,460 $ 7,228 Contract services segment 415 415 830 834 Total segment depreciation and amortization 26,832 12,903 51,290 8,062 Unallocated depreciation - - - - Total consolidated depreciation and amortization $ 26,832 $ 12,903 $ 51,290 $ 8,062 Capital additions: Product segment $ 39,678 $ 3,121 $ 62,640 $ 4,596 Contract services segment - - - - Total segment capital additions 49,678 3,121 62,640 4,596 Unallocated capital additions - - - - Total consolidated capital additions $ 39,678 $ 3,121 $ 62,640 $ 4,596 June 30, 2021 June 30, 2020 Segment total assets: Product segment $ 4,584,061 $ 1,792,175 Contract services segment 1,456,186 218,789 Total consolidated total assets $ 6,040,247 $ 2,010,964

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS The reduction in mask wearing as a result of the waning of the COVID-19- restrictions as well as the ability for more of the population to be outside during the summer months, drove a drop in sales of anti-fog products that continued into the third quarter. Other effects of the pandemic that affect business generally, for example, labor shortages, also affect us, making it harder for us to hire for both production and salaried positions. Supply chain disruptions also continue, leading to continued long lead times to get materials as well as on-going cost increases. On August 3, 2021, we were notified of a collection suit for approximately $ 23,000 On August 6, 2021 we completed the loan forgiveness application with Fifth Third Bank for the Paycheck Protection Plan loan we received through that bank. On August 11, 2021 we were notified by Amegy Bank that the Small Business Administration had reviewed our loan forgiveness application filed earlier and that the entire amount of the loan to Applied Nanotech Inc. was forgiven. On August 10, 2021 we issued the option to purchase up to 100,000

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY	At June 30, 2021 and December 31, 2020, inventory consisted of the following: SCHEDULE OF INVENTORY June 30, 2021 December 31, 2020 Raw materials $ 994,224 $ 632,055 Work-in-progress 76,788 176,392 Finished goods 351,341 147,913 Inventory, gross 1,422,353 956,360 Less: reserve for obsolescence (189,665 ) (114,666 ) Inventory, net $ 1,232,688 $ 841,694

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
SCHEDULE OF OTHER COMPENSATION	Other compensation paid to directors was: SCHEDULE OF OTHER COMPENSATION Three Months ended June 30, Six Months ended June 30, 2021 2020 2021 2020 Ronald J. Berman $ 45,094 $ 47,700 $ 107,694 $ 139,700 Tom J. Berman $ 93,546 * $ 45,000 $ 266,499 + $ 92,000 * Jeanne M Rickert $ - $ 3,000 $ - $ 6,000 Scott E. Rickert $ 12,000 ++ $ 3,000 $ 22,500 ++ $ 6,000 + Salary and bonus paid under employment agreement. * Indicates amount paid as salary ++ Repayment of advances made to the Company

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
SCHEDULE OF STOCK OPTIONS VESTING	SCHEDULE OF STOCK OPTIONS VESTING The right to purchase: Consisting of: Is vested on: Tranche 1 150,000 June 30, 2021 Tranche 2 150,000 December 31, 2021 Tranche 3 150,000 June 30, 2022 Tranche 4 150,000 December 31, 2022 Tranche 5 150,000 June 30, 2023 Tranche 6 150,000 December 31, 2023 Tranche 7 Up to 150,000 If the aggregate sales bonus payable for 2021 exceeds $240,000 Tranche 8 Up to 150,000 If the aggregate sales bonus payable for 2022 exceeds $260,000 Tranche 9 Up to 150,000 If the aggregate sales bonus payable for 2023 exceeds $300,000 Tranche 10 Up to 1 If a profit bonus is payable under the employment contract and the Board determines to pay some or all of it with options, the number vested as determined by the Board
SCHEDULE OF STOCK OPTION PLAN ACTIVITY	SCHEDULE OF STOCK OPTION PLAN ACTIVITY Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding December 31, 2020 502,892 $ 0.89 3.23 220,000 Exercised - - - - Issued 2,637,500 $ 0.75 - - Expired & forfeited (1,022 ) 80.21 - - Outstanding June 30, 2021 3,139,370 $ 0.75 5.48 $ - Exercisable June 30, 2021 679,449 $ 0.74 3.21 $ -
SCHEDULE OF STOCK OPTIONS AND WARRANTS	SCHEDULE OF STOCK OPTIONS AND WARRANTS June 30, 2021 December 31, 2020 Stock options 3,139,370 502,892 Stock warrants 6,597,890 5,443,440 Total 9,737,260 5,946,332

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT INFORMATION	Segment information available with respect to these reportable business segments for the three and six months ended June 30, 2021 and 2020 was as follows: SCHEDULE OF SEGMENT INFORMATION 2021 2020 2021 2020 Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenues: Product segment $ 1,130,397 $ 908,062 $ 3,312,843 $ 1,149,779 Contract services segment 238,171 244,422 366,900 450,879 Total segment and consolidated revenues $ 1,368,568 $ 1,152,484 $ 3,679,743 $ 1,600,658 Cost of revenues: Products $ 499,173 $ 600,781 $ 1,630,941 $ 823,599 Contract services segment 180,250 155,004 332,680 321,903 Total segment and consolidated cost of revenues $ 679,423 $ 755,785 $ 1,963,621 $ 1,145,502 Gross profit: Product segment $ 631,224 $ 307,281 $ 1,681,902 $ 326,180 Contract services segment 57,921 89,418 34,220 128,976 Total segment and consolidated gross profit $ 689,145 $ 396,699 $ 1,716,122 $ 455,156 Gross margin: Product segment 55.8 % 33.8 % 50.8 % 28.4 % Contract services segment 24.3 % 36.6 % 9.3 % 28.6 % Total gross margin 50.4 % 34.4 % 46.6 % 28.4 % Segment operating expenses: Product segment $ 1,108,667 $ 645,570 $ 1,724,747 $ 1,034,755 Contract services segment 48,832 32,124 83,924 78,104 Total segment operating expenses $ 1,157,499 $ 678,694 $ 1,808,672 $ 1,112,859 (Loss) income from operations: Product segment $ (477,443 ) $ (339,289 ) $ (42,845 ) $ (708,575 ) Contract services segment 9,089 57,294 (49,705 ) 50,872 Total segment (loss) income (468,354 ) (281,995 ) (92,550 ) (657,703 ) Total consolidated (loss) income from operations $ (468,354 ) $ (281,995 ) $ (92,550 ) $ (657,703 ) Depreciation and amortization: Product segment $ 26,417 $ 12,488 $ 50,460 $ 7,228 Contract services segment 415 415 830 834 Total segment depreciation and amortization 26,832 12,903 51,290 8,062 Unallocated depreciation - - - - Total consolidated depreciation and amortization $ 26,832 $ 12,903 $ 51,290 $ 8,062 Capital additions: Product segment $ 39,678 $ 3,121 $ 62,640 $ 4,596 Contract services segment - - - - Total segment capital additions 49,678 3,121 62,640 4,596 Unallocated capital additions - - - - Total consolidated capital additions $ 39,678 $ 3,121 $ 62,640 $ 4,596 June 30, 2021 June 30, 2020 Segment total assets: Product segment $ 4,584,061 $ 1,792,175 Contract services segment 1,456,186 218,789 Total consolidated total assets $ 6,040,247 $ 2,010,964

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash and Cash Equivalents, at Carrying Value	$ 1,694,347		$ 1,694,347		$ 288,134
Net Cash Provided by (Used in) Operating Activities			42,736	$ 944,751	(2,001,044)
Net Income (Loss) Attributable to Parent	$ 473,597	$ 282,277	103,200	660,093	781,055
Net Cash Provided by (Used in) Operating Activities			(42,736)	$ (944,751)	$ 2,001,044
Sales [Member]
Increase (Decrease) in Contract with Customer, Liability			$ 2,163,064
Ownership changes			188.00%

SCHEDULE OF INVENTORY (Details)

SCHEDULE OF INVENTORY (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 994,224	$ 632,055
Work-in-progress	76,788	176,392
Finished goods	351,341	147,913
Inventory, gross	1,422,353	956,360
Less: reserve for obsolescence	(189,665)	(114,666)
Inventory, net	$ 1,232,688	$ 841,694

FACTORING (Details Narrative)

FACTORING (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Factoring
Factoring cost	$ 5,593	$ 9,057

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	Sep. 24, 2020	Aug. 11, 2020	May 08, 2020	Jun. 18, 2019	Feb. 10, 2015	Dec. 31, 2020	Jun. 30, 2021	Feb. 02, 2021
Finance lease liability	$ 14,250	$ 60,684
Finance lease term	36 months	36 months
Finance lease, monthly payments	$ 425	$ 1,972
Applied Nanotech, Inc [Member]
Long-term Debt							$ 54,893
Production Equipment [Member]
Finance lease liability						$ 85,000	75,174
Finance lease term						48 months
Finance lease, monthly payments						$ 2,135
Finance lease liability, current							18,894
Finance lease liability, non current							56,280
Raymond Leasing Corporation [Member]
Finance lease liability							10,493
Finance lease liability, current							4,709
Finance lease liability, non current							5,784
Michigan Facility [Member]
Finance lease liability							44,116
Finance lease liability, current							19,980
Finance lease liability, non current							24,136
Small Business Administration Paycheck Protection Program [Member]
Debt Instrument, Face Amount			$ 130,900					$ 79,305
Debt Instrument, Interest Rate, Stated Percentage			1.00%					1.00%
Debt Instrument, Periodic Payment			$ 7,330
Nano Magic LLC [Member] | Equipment Note [Member]
Debt Instrument, Face Amount					$ 373,000		$ 64,042
Debt Instrument, Frequency of Periodic Payment					Equipment Note is payable in 60 equal monthly instalments payments		the monthly payments were reduced to $4,053 per month
Debt Instrument, Maturity Date				Apr. 10, 2022	Jun. 10, 2020
Debt Instrument, Interest Rate, Stated Percentage				6.29%	4.35%
Debt Instrument, Periodic Payment							$ 4,053

SCHEDULE OF OTHER COMPENSATION

SCHEDULE OF OTHER COMPENSATION (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021		Jun. 30, 2020	Jun. 30, 2021		Jun. 30, 2020
Tom J. Berman [Member]
Related Party Transaction [Line Items]
Other compensation expense	$ 93,546	[1]	$ 45,000	$ 266,499	[2]	$ 92,000	[1]
Jeanne M Rickert [Member]
Related Party Transaction [Line Items]
Other compensation expense			3,000			6,000
Scott Rickert [Member]
Related Party Transaction [Line Items]
Other compensation expense	12,000	[3]	3,000	22,500	[3]	6,000
Ronald Berman [Member]
Related Party Transaction [Line Items]
Other compensation expense	$ 45,094		$ 47,700	$ 107,694		$ 139,700
[1]	Indicates amount paid as salary
[2]	Salary and bonus paid under employment agreement.
[3]	Repayment of advances made to the Company

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Related Party Transaction [Line Items]
Professional Fees	$ 198,419	$ 359,420	$ 410,525	$ 484,172
Tom Berman and Ron Berman [Member]
Related Party Transaction [Line Items]
Economic interest percentage			5.00%
Contribution description			The lease for the Michigan facility gives us the right, during the first three years of the lease, to buy up to a 49% interest in the landlord for a price equal to 49% of the contributions received from other members.
Scott Rickert [Member]
Related Party Transaction [Line Items]
Professional Fees	$ 12,000		$ 12,000

SCHEDULE OF STOCK OPTIONS VESTI

SCHEDULE OF STOCK OPTIONS VESTING (Details) - President and Chief Executive Officer [Member]	Mar. 03, 2021shares
Share-based Payment Arrangement, Tranche One [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Stock options vesting period, description	June 30, 2021
Share-based Payment Arrangement, Tranche Two [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Stock options vesting period, description	December 31, 2021
Share-based Payment Arrangement, Tranche Three [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Stock options vesting period, description	June 30, 2022
Tranche 4 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Stock options vesting period, description	December 31, 2022
Tranche 5 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Stock options vesting period, description	June 30, 2023
Tranche 6 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Stock options vesting period, description	December 31, 2023
Tranche 7 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock options vesting period, description	If the aggregate sales bonus payable for 2021 exceeds $240,000
Tranche 7 [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Tranche 8 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock options vesting period, description	If the aggregate sales bonus payable for 2022 exceeds $260,000
Tranche 8 [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Tranche 9 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock options vesting period, description	If the aggregate sales bonus payable for 2023 exceeds $300,000
Tranche 9 [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	150,000
Tranche 10 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock options vesting period, description	If a profit bonus is payable under the employment contract and the Board determines to pay some or all of it with options, the number vested as determined by the Board
Tranche 10 [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of stock options, vested	1,000,000

SCHEDULE OF STOCK OPTION PLAN A

SCHEDULE OF STOCK OPTION PLAN ACTIVITY (Details)	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Equity [Abstract]
Number of Options, Outstanding, Beginning balance | shares	502,892
Weighted Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 0.89
Weighted Average Remaining Contractual Terms (Years), Outstanding, Beginning	3 years 2 months 23 days
Aggregate Intrinsic Value, Share Outstanding, Beginning balance | $	$ 220,000
Number of Options, Exercised | shares
Weighted Average Exercise Price, Exercised | $ / shares
Aggregate Intrinsic Value, Exercised | $
Number of Options, Issued | shares	2,637,500
Weighted Average Exercise Price, Issued | $ / shares	$ 0.75
Number of Options, Expired | shares	(1,022)
Weighted Average Exercise Price, Expired | $ / shares	$ 80.21
Number of Options, Outstanding, Ending balance | shares	3,139,370
Weighted Average Exercise Price, Outstanding, Ending balance | $ / shares	$ 0.75
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermEnding]	5 years 5 months 23 days
Aggregate Intrinsic Value, Share Outstanding, Ending balance | $
Number of Options, Exercisable, Ending balance | shares	679,449
Weighted Average Exercise Price, Exercisable Ending balance | $ / shares	$ 0.74
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermExercisable]	3 years 2 months 15 days
Aggregate Intrinsic Value, Share Exercisable | $

SCHEDULE OF STOCK OPTIONS AND W

SCHEDULE OF STOCK OPTIONS AND WARRANTS (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total Stock options and stock warrants	9,737,260	5,946,332
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total Stock options and stock warrants	3,139,370	502,892
Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total Stock options and stock warrants	6,597,890	5,443,440

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	Jun. 21, 2021	Apr. 08, 2021	Mar. 17, 2021	Mar. 03, 2021	Mar. 02, 2021	Dec. 31, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Jul. 02, 2020	Jul. 01, 2020
Class of Stock [Line Items]
Common stock, shares authorized							30,000,000		30,000,000		30,000,000	30,000,000	7,200,000
Common stock, par value							$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized							100,000		100,000		100,000	100,000
Preferred stock, par value							$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001
Common stock, voting rights									The rights of each share of common are the same with respect to dividends, distributions and rights upon liquidation. Holders of common stock each have one vote per share in the election of directors and other matters submitted to a vote of the stockholders.
Number of stock issued for services and stock appreciation rights					5,000
Shares issued price per share					$ 1
Number of shares issued for services, value									$ 41,000	$ 12,000
Number of warrants purchase							1,154,450		1,154,450
[custom:StockIssuedDuringPeriodAdditionalSharesIssued]									1,154,462
Stock Issued During Period, Value, New Issues							$ 1,443,077		$ 1,443,077	$ 621,409
Warrants and Rights Outstanding							$ 57,723		$ 57,723
[custom:WarrantsOutstandingAndExercisableWarrants]									6,597,890
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price							$ 1.66		$ 1.66
Weighted average remaining contractual term									31 months
Number of stock options granted									2,637,500
2021 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Number of option granted						100,000	87,500		87,500
Warrant expiration, description									the expiration of 1,022 options.
Stock Issued During Period, Shares, New Issues						102,500
Accrued Salaries						$ 66,615
Number of shares available for issuance		2,500			85,000
Number of stock options granted		2,500
Number of shares available for future issuance	200,000
Number of share options, granted and forfeited	100,000
Magic Growth LLC [Member]
Class of Stock [Line Items]
Number of shares sold, shares			385,231		769,231
Proceeds from private placement			$ 481,539		$ 961,539
Number of warrants purchase			385,225		769,225
Proceeds from warrants exercise			$ 19,260		$ 38,461
Warrant exercise price			$ 2		$ 2
President and CEO [Member]
Class of Stock [Line Items]
Shares issued price per share				$ 0.75
Share-based payment award, description				In connection with the three-year extension of the contract with our President and Chief Executive Officer, he was granted an option on March 3, 2021 to purchase up to 2,350,000 shares of common stock at an exercise price of $0.75.
President and CEO [Member] | Maximum [Member]
Class of Stock [Line Items]
Number of option granted				2,350,000
Ron Berman [Member] | Consulting Agreement [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 0.75
Number of option granted					100,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights					His cash compensation is $10,000 per month, with bonuses from 1% to 3% on certain sales. He was also granted an option to purchase up to 100,000 shares at an exercise price of $0.75. Vesting for 75,000 shares is based on sales by Nano Magic LLC in 2021; 12,500 if sales in 2021 are $4 million, with additional tranches of 12,500 shares for each additional $1 million in sales. Vesting for the remaining 25,000 shares will occur if the Company realizes $1 million in EBITDA for 2021.
Salary and Wage, Officer, Excluding Cost of Good and Service Sold					$ 10,000
Common Stock [Member] | Director [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 0.95
Number of shares issued for services					37,890
Number of shares issued for services, value					$ 36,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	May 28, 2021	Jun. 30, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Litigation settlement		$ 0
Former Consultant [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Litigation settlement	$ 15,000
Loss Contingency, Settlement Agreement, Terms		three monthly installments commencing on June 1, 2021.

SCHEDULE OF SEGMENT INFORMATION

SCHEDULE OF SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total segment and consolidated revenues	$ 1,368,568	$ 1,152,484	$ 3,679,743	$ 1,600,658
Total segment and consolidated cost of revenues	679,423	755,785	1,963,621	1,145,502
Total segment and consolidated gross profit	$ 689,145	$ 396,699	$ 1,716,122	$ 455,156
Total gross margin	50.40%	34.40%	46.60%	28.40%
Total segment operating expenses	$ 1,157,499	$ 678,694	$ 1,808,672	$ 1,112,859
Total segment (loss) income	(468,354)	(281,995)	(92,550)	(657,703)
Total consolidated (loss) income from operations	(468,354)	(281,995)	(92,550)	(657,703)
Total segment depreciation and amortization	26,832	12,903	51,290	8,062
Unallocated depreciation
Total consolidated depreciation and amortization	26,832	12,903	51,290	8,062
Total segment capital additions	49,678	3,121	62,640	4,596
Unallocated capital additions
Total consolidated capital additions	39,678	3,121	62,640	4,596
Total consolidated total assets	6,040,247	2,010,964	6,040,247	2,010,964	$ 4,791,500
Product Segment [Member]
Segment Reporting Information [Line Items]
Total segment and consolidated revenues	1,130,397	908,062	3,312,843	1,149,779
Total segment and consolidated cost of revenues	499,173	600,781	1,630,941	823,599
Total segment and consolidated gross profit	$ 631,224	$ 307,281	$ 1,681,902	$ 326,180
Total gross margin	55.80%	33.80%	50.80%	28.40%
Total segment operating expenses	$ 1,108,667	$ 645,570	$ 1,724,747	$ 1,034,755
Total segment (loss) income	(477,443)	(339,289)	(42,845)	(708,575)
Total segment depreciation and amortization	26,417	12,488	50,460	7,228
Total segment capital additions	39,678	3,121	62,640	4,596
Total consolidated total assets	4,584,061	1,792,175	4,584,061	1,792,175
Contract Services Segment [Member]
Segment Reporting Information [Line Items]
Total segment and consolidated revenues	238,171	244,422	366,900	450,879
Total segment and consolidated cost of revenues	180,250	155,004	332,680	321,903
Total segment and consolidated gross profit	$ 57,921	$ 89,418	$ 34,220	$ 128,976
Total gross margin	24.30%	36.60%	9.30%	28.60%
Total segment operating expenses	$ 48,832	$ 32,124	$ 83,924	$ 78,104
Total segment (loss) income	9,089	57,294	(49,705)	50,872
Total segment depreciation and amortization	415	415	830	834
Total segment capital additions
Total consolidated total assets	$ 1,456,186	$ 218,789	$ 1,456,186	$ 218,789

SEGMENT REPORTING (Details Narr

SEGMENT REPORTING (Details Narrative) - Segment	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting [Abstract]
Number of reportable segments	2	2

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	Aug. 10, 2021	Aug. 03, 2021
Subsequent Event [Line Items]
Collection suit including financing charges		$ 23,000
Share-based Payment Arrangement, Option [Member] | Maximum [Member]
Subsequent Event [Line Items]
Number of shares issued	100,000