Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue

The disaggregated Company’s revenues for the years ended December 31, 2019 and 2018 was as follows:

 

   

For the Years

Ended December 31,

  
    2019     2018  
             
Revenues:                
Product sales   $ 19,184,428     $ 16,037,221  
Service revenues     -       197,068  
Licensing revenues     444,634       267,920  
Total revenues, net   $ 19,629,062     $ 16,502,209  
Schedules of Concentration of Risk, by Risk Factor

For the years ended December 31, 2019 and 2018, the following customers represented more than 10% of total net revenues:

 

    For the years ended
December 31,		  
    2019     2018  
Customer:            
Customer A     14 %     21 %
                 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

For the years ended December 31, 2019 and 2018, the following geographical regions represented more than 10% of total net revenues:

 

    For the Years Ended
December 31,		  
    2019     2018  
Region:            
North America     76 %     80 %
Asia-Pacific     9 %     13 %
Europe     15 %     7 %
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following changes in level 3 instruments for the year ended December 31, 2019 are presented below:

 

    Contingent
Consideration
Earnout		  
Balance, January 1, 2019   $ (520,000 )
Change in fair value of earnout     520,000  
Balance, December 31, 2019   $ -  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of December 31, 2019, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive.

 

      December 31,  
      2019  
Selling Agent Warrants     160,492  
Shares reserved in exchange for the cancellation of certain non-voting membership interest in Edison Nation Holdings, LLC     990,000  
Options     80,000  
Convertible shares under notes payable     285,632  
Warrants for noteholders     50,000  
Restricted stock units     210,000  
Shares to be issued to consultants     412,500  
Total     2,188,624  
Schedule of Cumulative Effect of Initially Applying the New Lease Accounting Standard

The cumulative effect of initially applying the new lease accounting standard as of January 1, 2019 is as follows:

 

    January 1,
2019		     Cumulative
Effect
Adjustment		     January 1,
2019, as
adjusted		  
Assets:                        
Right of use assets – operating leases   $      -     $ 943,997     $ 943,997  
                         
Liabilities:                        
Current portion of operating lease liabilities   $ -     $ 261,866     $ 261,866  
Operating lease liabilities, net of current portion   $ -     $ 682,131     $ 682,131