Quarterly report pursuant to Section 13 or 15(d)

C. REVENUE (Tables)

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C. REVENUE (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2020.

 

    Hospitality     Education     Multiple Dwelling Units     Government     Total  
Product   $ 1,890,086     $ 61,779     $ 2,083     $ 96,222     $ 2,050,170  
Recurring     116,292       72,059       1,450       –       189,801  
    $ 2,006,378     $ 133,838     $ 3,533     $ 96,222     $ 2,239,971  

 

The following table presents the Company’s product and recurring revenues disaggregated by industry for the nine months ended September 30, 2020.

 

    Hospitality     Education     Multiple Dwelling Units     Government     Total  
Product   $ 4,072,147     $ 383,944     $ 132,353     $ 174,358     $ 4,762,802  
Recurring     432,214       112,422       17,638       –       562,274  
    $ 4,504,361     $ 496,366     $ 149,991     $ 174,358     $ 5,325,076  

 

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  
Contract Assets and Liabilities

Contract assets and liabilities

 

    September 30,
2020		     December 31,
2019		  
Contract assets   $ 45,879     $ 188,120  
Contract liabilities     707,754       764,184  
Net contract liabilities   $ 661,875     $ 576,064