XML 43 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation; Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Revenue by Source

The following table sets forth the Company’s revenue by source:

 

    For the Years Ended December 31,  
    2020     2019  
Equipment and systems sales   $ 7,730,371     $ 13,692,863  
Engineering and other services     568,131       1,239,130  
Shipping and handling     215,770       292,461  
Total revenue   $ 8,514,272     $ 15,224,454  

Schedule of Remaining Performance Obligations Expected to be Recognized

The remaining performance obligations expected to be recognized through 2022 are as follows:

 

    2021     2022     Total  
Remaining performance obligations related to engineering only paid contracts   $ 2,355,000     $ 288,000     $ 2,643,000  
Remaining performance obligations related to partial equipment paid contracts     5,703,000       102,000     $ 5,805,000  
Total remaining performance obligations   $ 8,058,000     $ 390,000     $ 8,448,000  
Schedule of Share-based Compensation Costs

The following is a summary of such share-based compensation costs included in the Company’s consolidated statements of operations for the years ended December 31, 2020 and 2019:

 

    For the Years Ended December 31,  
    2020     2019  
Share-based compensation expense included in:                
Cost of revenue   $ 31,006     $ 91,081  
Advertising and marketing expenses     8,333       33,977  
Product development costs     21,882       45,330  
Selling, general and administrative expenses     344,396       1,121,677  
Total share-based compensation expense included in consolidated statement of operations   $ 405,617     $ 1,292,065