Annual report pursuant to Section 13 and 15(d)

2. Summary of Significant Accounting Policies (Tables)

v3.20.1
2. Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Restricted Cash

The Company’s restricted cash is discussed below in Note 4.

 

    December 31, 2019     December 31, 2018  
Cash and cash equivalents   $ 7,241,288     $ 282,736  
Restricted cash           272,397  
Total   $ 7,241,288     $ 555,133  
Schedule of estimated useful lives

Property and equipment will be recorded at cost and depreciated over their estimated useful lives using the straight-line depreciation method as follows:

 

Leasehold improvement Shorter of estimated useful lives or the term of the lease
Computer equipment 2 years
Machinery and equipment 5 years
Furniture and office equipment 7 years