Quarterly report pursuant to Section 13 or 15(d)

C. REVENUE (Tables)

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C. REVENUE (Tables)
6 Months Ended
Jun. 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 June 30, 2019.

   

  Hospitality   Education   Multiple Dwelling Units   Government   Total  
Product $ 2,326,641   $ 452,417   $ 111,624   $ 490,210   $ 3,380,892  
Recurring   149,224     21,604     18,315         189,143  
  $ 2,475,865   $ 474,021   $ 129,939   $ 490,210   $ 3,570,035  

 

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

 

  Hospitality   Education   Multiple Dwelling Units   Government   Total  
Product $ 4,021,290   $ 708,153   $ 312,050   $ 926,068   $ 5,967,561  
Recurring   305,496     41,049     19,131         365,676  
  $ 4,326,786   $ 749,202   $ 331,181   $ 926,068   $ 6,333,237  

 

Contract Assets and Liabilities
  June 30,
2019
  December 31,
2018
  Variance  
Contract assets $ 515,080   $ 314,749   $ 200,331  
Contract liabilities   963,916     1,232,623     (268,707 )
Net contract liabilities $ 448,836   $ 917,874   $ (469,038 )