Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.2
REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue by Geographic Location

The following table disaggregates our revenue by geographic location for the following periods:

 

 

 

Three Months

Ended June 30,

 

 

Six Months

Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

North America and Caribbean

 

$

159,085

 

 

$

3,907,953

 

 

$

3,291,260

 

 

$

7,752,478

 

Europe, Middle East and Africa

 

 

504,887

 

 

 

1,491,233

 

 

 

1,867,029

 

 

 

2,993,460

 

Total revenue

 

$

663,972

 

 

$

5,399,186

 

 

$

5,158,289

 

 

$

10,745,938

 

Summary of Changes in Revenue Contract Liability

The table below summarizes changes in the revenue contract liability during the six months ended June 30, 2020:

 

Beginning balance – January 1, 2020

 

$

1,294,265

 

Increase (advanced billings)

 

 

5,704,713

 

Decrease (revenue recognition)

 

 

(6,627,722

)

Ending balance – June 30, 2020

 

$

371,256