Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 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 March 31,

 

 

 

2020

 

 

2019

 

North America and Caribbean

 

$

3,130,465

 

 

$

3,844,525

 

Europe, Middle East and Africa

 

 

1,363,853

 

 

 

1,502,226

 

Total revenue

 

$

4,494,318

 

 

$

5,346,751

 

Summary of Changes in Revenue Contract Liability

The table below summarizes changes in the revenue contract liability during the three months ended March 31, 2020:

 

Beginning balance – January 1, 2020

 

$

1,294,265

 

Increase (advanced billings)

 

 

3,817,076

 

Decrease (revenue recognition)

 

 

(3,812,890

)

Ending balance – March 31, 2020

 

$

1,298,451