Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

v3.20.1
REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 31, 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 year ended December 31, 2019 and 2018:

 

 

 

2019

 

 

2018

 

North America and Caribbean

 

$

15,387,519

 

 

$

14,275,967

 

Europe

 

 

5,913,478

 

 

 

4,284,701

 

Total revenue

 

$

21,300,996

 

 

$

18,560,668

 

Summary of Changes in Revenue Contract Liability

The table below summarizes changes in the revenue contract liability during year ended December 31, 2019:

 

Beginning balance – January 1, 2019

 

$

1,438,492

 

Increase (advanced billings)

 

 

15,333,034

 

Decrease (revenue recognition)

 

 

(15,477,261

)

Ending balance – December 31, 2019

 

$

1,294,265