Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.2
REVENUE RECOGNITION (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

North America and Caribbean

 

$

971,147

 

 

$

3,891,875

 

 

$

4,262,408

 

 

$

11,644,353

 

Europe, Middle East and Africa

 

 

826,686

 

 

 

1,479,771

 

 

 

2,693,714

 

 

 

4,473,230

 

Total revenue

 

$

1,797,833

 

 

$

5,371,646

 

 

$

6,956,122

 

 

$

16,117,583

 

Summary of Changes in Revenue Contract Liability

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

 

Beginning balance – January 1, 2020

 

$

1,294,265

 

Increase (advanced billings)

 

 

7,199,100

 

Decrease (revenue recognition)

 

 

(7,906,271

)

Ending balance – September 30, 2020

 

$

587,094