Data Storage Corporation General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Summary Of Significant Accounting Policies

Schedule of revenue is disaggregated by major product

In the following table, revenue is disaggregated by major product line, geography, and timing of revenue recognition.

For the Three Months
Ended September 30, 2020
	United States		International		Total
Infrastructure & Disaster Recovery/Cloud Service	$	1,416,847	$	20,551	$	1,437,398
Equipment and Software		936,344		—		936,344
Managed Services		169,565		—		169,565
Nexxis VoIP Services		180,225		—		180,225
Total Revenue	$	2,702,981	$	20,551	$	2,723,532

For the Three Months
Ended September 30, 2019
	United States		International		Total
Infrastructure & Disaster Recovery/Cloud Service	$	1,273,147	$	63,201	$	1,336,348
Equipment and Software		350,339		—		350,339
Managed Services		195,847		—		195,847
Nexxis VoIP Services		131,128		—		131,129
Total Revenue	$	1,950,461	$	63,201	$	2,013,662

For the Three Months
Ended September 30,
Timing of revenue recognition	2020		2019
Products transferred at a point in time	$	936,344	$	410,238
Products and services transferred over time		1,787,188		1,603,424
Total Revenue	$	2,723,532	$	2,013,662

For the Nine Months
Ended September 30, 2020
	United States		International		Total
Infrastructure & Disaster Recovery/Cloud Service	$	4,133,213	$	107,583	$	4,240,796
Equipment and Software		1,544,786		—		1,544,786
Managed Services		557,515		—		557,515
Nexxis VoIP Services		484,770		—		484,770
Total Revenue	$	6,720,284	$	107,583	$	6,827,867

For the Nine Months
Ended September 30, 2019
	United States		International		Total
Infrastructure & Disaster Recovery/Cloud Service	$	3,849,252	$	111,214	$	3,960,466
Equipment and Software		1,285,297		—		1,285,297
Managed Services		322,133		—		322,133
Nexxis VoIP Services		478,635		—		478,635
Total Revenue	$	5,935,317	$	111,214	$	6,046,531

For the Nine Months
Ended September 30,
Timing of revenue recognition	2020		2019
Products transferred at a point in time	$	1,544,786	$	1,285,297
Products and services transferred over time		5,283,081		4,761,234
Total Revenue	$	6,827,867	$	6,046,531

In the following table, revenue is disaggregated by major product line, geography, and timing of revenue recognition (in thousands of USD).

For the Year
Ended December 31, 2019
	United States		International		Total
Infrastructure & Disaster Recovery/Cloud Service	$	5,223,868	$	213,816	$	5,437,684
Equipment and Software		1,784,658		—		1,784,658
Managed Services		365,767		—		365,767
Professional Fees		411,475		—		411,475
Nexxis VoIP Services		484,024		—		484,024
Total Revenue	$	8,269,792	$	213,816	$	8,483,608

For the Year
Ended December 31, 2018
	United States		International		Total
Infrastructure & Disaster Recovery/Cloud Service	$	4,530,722	$	85,985	$	4,616,707
Equipment and Software		3,221,704		—		3,221,704
Managed Services		603,716		—		603,716
Professional Fees		315,658		—		315,658
Nexxis VoIP Services		129,617		—		129,617
Total Revenue	$	8,801,417	$	85,985	$	8,887,402

For the Year
Ended December 31,
Timing of revenue recognition	2019		2018
Products transferred at a point in time	$	2,196,133	$	3,537,362
Products and services transferred over time		6,287,475		5,350,040
Total Revenue	$	8,483,608	$	8,887,402

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the information needed to compute basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019:

	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2020		2019			2020		2019

Net Income (Loss) Available to Common Shareholders	$	9,568		(152,673	)	$	96,677	$	(103,659	)

Weighted average number of common shares - basic		128,539,418		128,139,418			128,521,836		128,139,418
Dilutive securities
Options		6,667,227		—			5,980,817		—
Warrants		133,334		—			133,334		—
Weighted average number of common shares - diluted		135,339,979		128,139,418			134,635,987		128,139,418

Earnings (Loss) per share, basic	$	0.00	$	0.00		$	0.00	$	0.00
Earnings (Loss) per share, diluted	$	0.00	$	0.00		$	0.00	$	0.00

The following table sets forth the information needed to compute basic and diluted earnings per share for the years ended December 31, 2019 and 2018:

	December 31,
	2019			2018
Net Income (Loss) Available to Common Shareholders	$	(54,452	)	$	146,781

Weighted average number of common shares - basic		128,156,678			128,139,418
Dilutive securities
Options		—			3,667,227
Warrants		—			133,334
Weighted average number of common shares - diluted		128,156,678			131,939,979

Earnings (Loss) per share, basic	$	0.00		$	0.00
Earnings (Loss) per share, diluted	$	0.00		$	0.00

Schedule of anti-dilutive income (loss) per share

The following table sets forth the number of potential shares of common stock that have been excluded from diluted net income (loss) per share net income (loss) per share because their effect was anti-dilutive:

	Three Months ended September 30,				Nine Months ended September 30,
	2020		2019		2020		2019
Options		1,758,597		6,015,518		2,445,007		6,015,518
Warrants		—		133,334		—		133,334
		1,758,597		6,148,852		2,445,007		6,148,852

	December 31,
	2019		2018
Options		8,425,824		2,098,292
Warrants		133,334		—
		8,559,158		2,098,292