Quarterly report pursuant to Section 13 or 15(d)

C. REVENUE (Tables)

v3.20.1
C. REVENUE (Tables)
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenues

The following table presents the Company’s product and recurring revenues disaggregated by industry for the three months ended March 31, 2020.

 

    Hospitality   Education   Multiple Dwelling Units   Government   Total
Product   $ 1,202,342     $ 249,432     $ 93,072     $ 64,416     $ 1,609,292  
Recurring     173,572       20,263       327       –       194,162  
    $ 1,375,914     $ 269,695     $ 93,399     $ 64,416     $ 1,803,424  

 

The following table presents the Company’s product and recurring revenues disaggregated by industry for the three months ended March 31, 2019.

 

    Hospitality   Education   Multiple Dwelling Units   Government   Total
Product   $ 1,694,649     $ 255,736     $ 200,426     $ 435,858     $ 2,586,669  
Recurring     156,272       19,445       816       –       176,533  
    $ 1,850,921     $ 275,181     $ 201,242     $ 435,858     $ 2,763,202  
Contract Assets and Liabilities

Contract assets and liabilities

 

    March 31,
2020		   December 31,
2019
Contract assets   $ 72,764     $ 188,120  
Contract liabilities     607,120       764,184  
Net contract liabilities   $ 534,356     $ 576,064