| Disaggregation of revenues |
The following table presents the Company’s
product and recurring revenues disaggregated by industry for the year ended December 31, 2019.
| |
|
|
Hospitality |
|
|
Education |
|
|
Multiple
Dwelling Units
|
|
|
Government |
|
|
Total |
|
| Product |
|
|
$ |
8,570,225 |
|
|
$ |
1,038,660 |
|
|
$ |
564,811 |
|
|
$ |
1,039,158 |
|
|
$ |
11,212,854 |
|
| Recurring |
|
|
|
604,624 |
|
|
|
140,817 |
|
|
|
23,901 |
|
|
|
– |
|
|
|
769,342 |
|
| |
|
|
$ |
9,174,849 |
|
|
$ |
1,179,477 |
|
|
$ |
588,712 |
|
|
$ |
1,039,158 |
|
|
$ |
11,982,196 |
|
The following table presents the Company’s
product and recurring revenues disaggregated by industry for the year ended December 31, 2018.
| |
|
|
Hospitality |
|
|
Education |
|
|
Multiple
Dwelling Units
|
|
|
Government |
|
|
Total |
|
| Product |
|
|
$ |
6,410,615 |
|
|
$ |
652,019 |
|
|
$ |
472,462 |
|
|
$ |
81,319 |
|
|
$ |
7,616,415 |
|
| Recurring |
|
|
|
668,039 |
|
|
|
128,872 |
|
|
|
18,653 |
|
|
|
– |
|
|
|
815,564 |
|
| |
|
|
$ |
7,078,654 |
|
|
$ |
780,891 |
|
|
$ |
491,115 |
|
|
$ |
81,319 |
|
|
$ |
8,431,979 |
|
|
| Contract Assets and Liabilities |
Contract assets and liabilities
| |
|
2019 |
|
|
2018 |
|
|
Variance |
|
| Contract assets |
|
$ |
188,120 |
|
|
$ |
314,749 |
|
|
$ |
126,629 |
|
| Contract liabilities |
|
|
764,184 |
|
|
|
1,232,623 |
|
|
|
(468,439 |
) |
| Net contract liabilities |
|
$ |
576,064 |
|
|
$ |
917,874 |
|
|
$ |
(341,810 |
) |
|