Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.19.3
REVENUE RECOGNITION (Tables)
9 Months Ended
Sep. 30, 2019
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 September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

North America and Caribbean

 

$

3,891,875

 

 

$

3,622,729

 

 

$

11,644,353

 

 

$

10,568,129

 

Europe

 

 

1,479,771

 

 

 

1,153,055

 

 

 

4,473,230

 

 

 

3,104,521

 

Total revenue

 

$

5,371,646

 

 

$

4,775,784

 

 

$

16,117,583

 

 

$

13,672,650

 

Summary of Changes in Revenue Contract Liability

The table below summarizes changes in the revenue contract liability during the nine months ended September 30, 2019:

 

Beginning balance – January 1, 2019

 

$

1,438,492

 

Increase (advanced billings)

 

 

11,547,925

 

Decrease (revenue recognition)

 

 

(11,691,737

)

Ending balance – September 30, 2019

 

$

1,294,680