| Disaggregation of revenues |
The following table presents the Company’s product
and recurring revenues disaggregated by industry for the year ended December 31, 2020.
| |
|
Hospitality |
|
|
Education |
|
|
Multiple
Dwelling Units |
|
|
Government |
|
|
Total |
|
| Product |
|
$ |
4,940,887 |
|
|
$ |
443,001 |
|
|
$ |
143,887 |
|
|
$ |
214,477 |
|
|
$ |
5,742,251 |
|
| Recurring |
|
|
597,490 |
|
|
|
129,541 |
|
|
|
24,587 |
|
|
|
– |
|
|
|
751,619 |
|
| |
|
$ |
5,538,377 |
|
|
$ |
572,542 |
|
|
$ |
168,474 |
|
|
$ |
214,477 |
|
|
$ |
6,493,870 |
|
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 |
|
|
| Contract Assets and Liabilities |
| |
|
2020 |
|
|
2019 |
|
|
Variance |
|
| Contract assets |
|
$ |
104,989 |
|
|
$ |
188,120 |
|
|
$ |
(83,131 |
) |
| Contract liabilities |
|
|
1,052,367 |
|
|
|
764,184 |
|
|
|
288,183 |
|
| Net contract liabilities |
|
$ |
947,378 |
|
|
$ |
576,064 |
|
|
$ |
371,314 |
|
|