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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

In the following tables, revenue is disaggregated by product and service and the timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue.

		For the Three Months Ended September 30,
		2019				2018
Products and services
Software as a Service (SaaS)		$	1,563,680			$	650,676
Other subscription and support services			141,798				241,970
Equipment			149,844				110,291
Non-recurring services			61,900				5,500
Extended warranties on equipment			11,674				29,683
Other			1,305				1,461
		$	1,930,201			$	1,039,581
Timing of revenue recognition
Products transferred at a point in time		$	151,149			$	111,752
Services transferred over time			1,779,052				927,829
		$	1,930,201			$	1,039,581

		For the nine months ended September 30,
		2019				2018
Products and services
Software as a Service (SaaS)		$	3,545,587			$	1,870,060
Other subscription and support services			566,274				820,751
Equipment			337,364				287,697
Non-recurring services			259,945				22,748
Extended warranties on equipment			49,993				97,494
Other			8,023				4,311
		$	4,767,186			$	3,103,061
Timing of revenue recognition
Products transferred at a point in time		$	345,387			$	292,008
Services transferred over time			4,421,799				2,811,053
		$	4,767,186			$	3,103,061

Schedule of Revenue Performance Obligation

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period:

		2019				2020				2021				Total
Software as a Service (SaaS)		$	235,998			$	173,296			$	-			$	409,294
Other subscription and support services			99,134				148,907				4,621				252,662
Extended warranties on equipment			9,153				20,646				7,399				37,198
		$	344,285			$	342,849			$	12,020			$	699,154

Schedule of Earnings Per Share Basic and Diluted

The calculation of diluted net loss per share excludes all anti-dilutive shares.

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2019				2018				2019				2018
Numerator:
Net Loss		$	(568,230	)		$	(1,131,219	)		$	(2,654,898	)		$	(3,299,551	)
Denominator:
Weighted average common shares – Basic/Diluted			15,864,004				15,631,818				15,749,312				15,510,115
Net Loss per share – Basic/Diluted		$	(0.04	)		$	(0.07	)		$	(0.17	)		$	(0.21	)

Summary of Common Stock Equivalents Excluded from Loss Per Diluted Share

The following table summarizes the common stock equivalents excluded from loss per diluted share because their effect would be anti-dilutive due to the net loss:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2019				2018				2019				2018
Stock options			1,436,623				1,074,332				1,436,623				1,074,332
Warrants			204,930				471,801				204,930				471,801
Restricted stock			4,008				6,569				4,008				6,569
			1,645,561				1,552,702				1,645,561				1,552,702

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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