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Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue Recognition Tables Abstract  
Schedule of revenues disaggregated by revenue discipline

Revenue attributable to each of our identified revenue categories is disaggregated in the table below.

 

 

 

Three months ended June 30, 2019

 

 

Three months ended June 30, 2018

 

 

 

 Verification and Certification Segment

 

 

 Software Sales and Related Consulting Segment

 

 

 Eliminations and Other

 

 

 Consolidated Totals

 

 

 Verification and Certification Segment

 

 

 Software Sales and Related Consulting Segment

 

 

 Eliminations and Other

 

 

 Consolidated Totals

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Verification and certification service revenue

 

$

    3,743,241

 

 

$

—

 

 

$

—

 

 

$

    3,743,241

 

 

$

    3,507,757

 

 

$

—

 

 

$

—

 

 

$

    3,507,757

 

Product sales

 

 

635,333

 

 

 

—

 

 

 

—

 

 

 

635,333

 

 

 

496,312

 

 

 

—

 

 

 

—

 

 

 

496,312

 

Software license, maintenance and support services revenue

 

 

—

 

 

 

338,674

 

 

 

(38,740

)

 

 

299,934

 

 

 

—

 

 

 

263,316

 

 

 

—

 

 

 

263,316

 

Software-related consulting service revenue

 

 

—

 

 

 

242,808

 

 

 

(33,057

)

 

 

209,751

 

 

 

—

 

 

 

170,923

 

 

 

—

 

 

 

170,923

 

Total revenues

 

$

    4,378,574

 

 

$

       581,482

 

 

$

       (71,797

)

 

$

    4,888,259

 

 

$

    4,004,069

 

 

$

       434,239

 

 

$

—

 

 

$

    4,438,308

 

  

 

 

Six months ended June 30, 2019

 

 

Six months ended June 30, 2018

 

 

 

 Verification and Certification Segment

 

 

 Software Sales and Related Consulting Segment

 

 

 Eliminations and Other

 

 

 Consolidated Totals

 

 

 Verification and Certification Segment

 

 

 Software Sales and Related Consulting Segment

 

 

 Eliminations and Other

 

 

 Consolidated Totals

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Verification and certification service revenue

 

$

    6,554,935

 

 

$

—

 

 

$

—

 

 

$

    6,554,935

 

 

$

    6,303,951

 

 

$

—

 

 

$

—

 

 

$

    6,303,951

 

Product sales

 

 

1,276,391

 

 

 

—

 

 

 

—

 

 

 

1,276,391

 

 

 

850,206

 

 

 

—

 

 

 

—

 

 

 

850,206

 

Software license, maintenance and support services revenue

 

 

—

 

 

 

682,240

 

 

 

(87,277

)

 

 

594,963

 

 

 

—

 

 

 

550,760

 

 

 

—

 

 

 

550,760

 

Software-related consulting service revenue

 

 

—

 

 

 

464,031

 

 

 

(47,521

)

 

 

416,510

 

 

 

—

 

 

 

354,193

 

 

 

—

 

 

 

354,193

 

Total revenues

 

$

    7,831,326

 

 

$

    1,146,271

 

 

$

   (134,798

)

 

$

    8,842,799

 

 

$

    7,154,157

 

 

$

       904,953

 

 

$

—

 

 

$

    8,059,110

 

 
Schedule of changes contract liabilities

The following table reflects the changes in our contract liabilities during the three month period ended June 30, 2019:

 

Deferred revenue:        
Unearned revenue March 31, 2019   $    1,274,032  
Unearned billings     515,138  
Revenue recognized     (646,012 )
Unearned revenue June 30, 2019   $    1,143,158  

  

The following table reflects the changes in our contract liabilities during the six month period ended June 30, 2019:

 

Deferred revenue:    
Unearned revenue January 1, 2019   $       654,872  
Unearned billings     1,753,172  
Revenue recognized     (1,264,886 )
Unearned revenue June 30, 2019   $    1,143,158