Quarterly report pursuant to Section 13 or 15(d)

C. REVENUE (Tables)

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C. REVENUE (Tables)
6 Months Ended
Jun. 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 June 30, 2020.

 

      Hospitality     Education     Multiple Dwelling Units     Government     Total  
Product     $ 979,720     $ 72,733     $ 37,198     $ 13,720     $ 1,103,371  
Recurring       142,351       20,099       15,861             178,311  
        $ 1,122,071     $ 92,832     $ 53,059     $ 13,720     $ 1,281,682  
                                             

 

 

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

 

      Hospitality     Education     Multiple Dwelling Units     Government     Total  
Product     $ 2,182,060     $ 322,166     $ 130,270     $ 78,137     $ 2,712,633  
Recurring       315,923       40,362       16,188             372,473  
        $ 2,497,983     $ 362,528     $ 146,458     $ 78,137     $ 3,085,106  
                                             

 

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

Contract assets and liabilities

 

    June 30,
2020
    December 31,
2019
 
Contract assets   $ 43,866     $ 188,120  
Contract liabilities     654,754       764,184  
Net contract liabilities   $ 610,888     $ 576,064