| Summary of product and recurring revenues disaggregated by industry |
The following table presents the Company’s
product and recurring revenues disaggregated by industry for the three months ended June 30, 2019.
| |
Hospitality |
|
Education |
|
Multiple Dwelling Units |
|
Government |
|
Total |
|
| Product |
$ |
2,326,641 |
|
$ |
452,417 |
|
$ |
111,624 |
|
$ |
490,210 |
|
$ |
3,380,892 |
|
| Recurring |
|
149,224 |
|
|
21,604 |
|
|
18,315 |
|
|
– |
|
|
189,143 |
|
| |
$ |
2,475,865 |
|
$ |
474,021 |
|
$ |
129,939 |
|
$ |
490,210 |
|
$ |
3,570,035 |
|
The following table presents the Company’s
product and recurring revenues disaggregated by industry for the six months ended June 30, 2019.
| |
Hospitality |
|
Education |
|
Multiple Dwelling Units |
|
Government |
|
Total |
|
| Product |
$ |
4,021,290 |
|
$ |
708,153 |
|
$ |
312,050 |
|
$ |
926,068 |
|
$ |
5,967,561 |
|
| Recurring |
|
305,496 |
|
|
41,049 |
|
|
19,131 |
|
|
– |
|
|
365,676 |
|
| |
$ |
4,326,786 |
|
$ |
749,202 |
|
$ |
331,181 |
|
$ |
926,068 |
|
$ |
6,333,237 |
|
|
| Contract Assets and Liabilities |
| |
June 30,
2019 |
|
December 31,
2018 |
|
Variance |
|
| Contract assets |
$ |
515,080 |
|
$ |
314,749 |
|
$ |
200,331 |
|
| Contract liabilities |
|
963,916 |
|
|
1,232,623 |
|
|
(268,707 |
) |
| Net contract liabilities |
$ |
448,836 |
|
$ |
917,874 |
|
$ |
(469,038 |
) |
|