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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

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,
		2020				2019
Products and services
Software as a Service (SaaS)		$	2,451,381			$	1,563,680
Other subscription and support services			36,346				141,798
Equipment			176,061				149,844
Non-recurring services			29,000				61,900
Extended warranties on equipment			5,058				11,674
Other			1,129				1,305
		$	2,698,975			$	1,930,201
Timing of revenue recognition
Products transferred at a point in time		$	177,190			$	151,149
Services transferred over time			2,521,785				1,779,052
		$	2,698,975			$	1,930,201

		For the Nine Months Ended September 30,
		2020				2019
Products and services
Software as a Service (SaaS)		$	6,361,150			$	3,545,587
Other subscription and support services			186,280				566,274
Equipment			1,011,608				337,364
Non-recurring services			70,450				259,945
Extended warranties on equipment			17,232				49,993
Other			9,722				8,023
		$	7,656,442			$	4,767,186
Timing of revenue recognition
Products transferred at a point in time		$	1,021,330			$	345,387
Services transferred over time			6,635,112				4,421,799
		$	7,656,442			$	4,767,186

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:

		Remainder
		2020				2021				2022				Total
Software as a Service (SaaS)		$	240,710			$	178,997			$	-			$	419,707
Other subscription and support services			6,773				11,094				5,254				23,121
Extended warranties on equipment			3,436				8,099				2,570				14,105
		$	250,919			$	198,190			$	7,824			$	456,933

Schedule of Earnings Per Share Basic and Diluted

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

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2020				2019				2020				2019
Numerator:
Net Income (Loss)		$	32,412			$	(568,230	)		$	(701,259	)		$	(2,654,898	)
Denominator:
Weighted average common shares – Basic			18,336,107				15,864,004				16,960,770				15,749,312
Dilutive effect of equity incentive plans			428,887				-				-				-
Weighted average common shares – Diluted			18,764,994				15,864,004				16,960,770				15,749,312
Net Income (Loss) per share –
Basic		$	0.00			$	(0.04	)		$	(0.04	)		$	(0.17	)
Diluted		$	0.00			$	(0.04	)		$	(0.04	)		$	(0.17	)

Summary of Common Stock Equivalents Excluded from Loss Per Diluted Share

The following table summarizes the common stock equivalents excluded from income (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,
		2020				2019				2020				2019
Stock options			-				1,436,623				653,882				1,436,623
Warrants			-				204,930				12,680				204,930
Restricted stock			-				4,008				4,499				4,008
Performance stock units			-				-				265,942				-
			-				1,645,561				937,003				1,645,561

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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
-SubTopic 10
-Section 50
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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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