Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.8.0.1
REVENUE RECOGNITION (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue Recognition [Line Items]  
Summary of Disaggregation of Revenue by Major Source and Geographic Location

The following table disaggregates our revenue by major source for the three months ended March 31, 2018 and 2017:

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

Table games

 

$

3,792,387

 

 

$

3,193,094

 

Internet-based gaming

 

 

400,771

 

 

 

159,838

 

E-tables

 

 

158,828

 

 

 

113,529

 

Other

 

 

8,709

 

 

 

8,835

 

Total revenue

 

$

4,360,695

 

 

$

3,475,296

 

 

The following table disaggregates our revenue by geographic location for the three months ended March 31, 2018 and 2017:

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

North America and Caribbean

 

$

3,502,810

 

 

 

 

$

2,800,905

 

Europe

 

 

857,885

 

 

 

 

 

674,391

 

Total revenue

 

$

4,360,695

 

 

 

 

$

3,475,296

 

 
Summary of Changes in Revenue Contract Liability

The table below summarizes changes in the revenue contract liability during the three months ended March 31, 2018:

 

 

 

Revenue Contract liability

 

Beginning balance – January 1, 2018

 

$

1,083,639

 

Increase (advanced billings)

 

 

3,260,177

 

Decrease (revenue recognition)

 

 

(3,234,263

)

Ending balance – March 31. 2018

 

$

1,109,553

 

 
ASC 606  
Revenue Recognition [Line Items]  
Summary of Adoption of ASC 606 had Impact on Statement of Income

For the three months ended March 31, 2018, the adoption of ASC 606 had the following impact on our statement of income:

 

 

 

Three Months Ended March 31, 2018

 

 

 

As reported

 

 

Balance without the adoption of ASC 606

 

 

Impact of the adoption

 

Product leases and royalties

 

$

4,360,356

 

 

$

4,153,659

 

 

$

206,697

 

Selling, general and administrative expense

 

$

2,585,070

 

 

$

2,378,373

 

 

$

206,697