Quarterly report pursuant to Section 13 or 15(d)

C. REVENUE (Tables)

v3.19.3
C. REVENUE (Tables)
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
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 September 30, 2019.

   

    Hospitality     Education     Multiple
Dwelling Units		     Government     Total  
Product   $ 1,764,778     $ 155,354     $ 59,661     $ 15,995     $ 1,995,788  
Recurring     149,868       51,321       1,666       –       202,855  
    $ 1,914,646     $ 206,675     $ 61,327     $ 15,995     $ 2,198,643  

 

The following table presents the Company’s product and recurring revenues disaggregated by industry for the nine months ended September 30, 2019.

 

    Hospitality     Education     Multiple
Dwelling Units		     Government     Total  
Product   $ 5,786,068     $ 863,507     $ 371,711     $ 942,063     $ 7,963,349  
Recurring     455,364       92,370       20,797       –       568,531  
    $ 6,241,432     $ 955,877     $ 392,508     $ 942,063     $ 8,531,880  

 

The following table presents the Company’s product and recurring revenues disaggregated by industry for the three months ended September 30, 2018.

 

    Hospitality     Education     Multiple Dwelling Units     Government     Total  
Product   $ 1,222,543     $ (4,159 )   $ 100,604     $ 58     $ 1,319,046  
Recurring     103,157       40,344       1,469       –       144,970  
    $ 1,325,700     $ 36,185     $ 102,073     $ 58     $ 1,464,016  

 

The following table presents the Company’s product and recurring revenues disaggregated by industry for the nine months ended September 30, 2018.

 

    Hospitality     Education     Multiple Dwelling Units     Government     Total  
Product   $ 4,755,219     $ 647,079     $ 166,454     $ 74,757     $ 5,643,509  
Recurring     330,652       58,449       10,764       –       399,865  
    $ 5,085,871     $ 705,528     $ 177,218     $ 74,757     $ 6,043,374  

 
Contract Assets and Liabilities
    September 30,
2019		     December 31,
2018		     Variance  
Contract assets   $ 423,303     $ 314,749     $ 108,554  
Contract liabilities     1,120,975       1,232,623       (111,648 )
Net contract liabilities   $ 697,672     $ 917,874     $ (220,202 )