XML 69 R58.htm IDEA: XBRL DOCUMENT v3.19.2
Segments (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Assets:              
Intangible and other assets, net $ 3,547,898   $ 3,754,305   $ 3,547,898 $ 3,754,305  
Goodwill 3,143,734   2,624,690   3,143,734 2,624,690 $ 3,143,734
Total assets 18,765,287   14,038,895   18,765,287 14,038,895 $ 14,463,938
Revenues:              
Total revenues 4,888,259   4,438,308   8,842,799 8,059,110  
Costs of revenues:              
Total costs of revenues 2,799,857   2,426,582   5,088,671 4,316,061  
Gross profit 2,088,402   2,011,726   3,754,128 3,743,049  
Depreciation & amortization         545,227 501,603  
Other operating expenses         3,106,300 2,973,336  
Segment operating (loss)/income 403,214   241,258   102,601 268,107  
Other items to reconcile segment operating income (loss) to net income attributable to WFCF:              
Other expense (income)         (60,978) (5,646)  
Income tax (benefit)/expense 129,089   80,000   46,089 88,000  
Net loss attributable to non-controlling interest 56,635   11,774   100,470 26,570  
Net (loss)/income attributable to WFCF 361,089 $ (143,129) 176,839 $ 35,484 217,960 212,323  
Verification and Certification Service Revenue [Member]              
Revenues:              
Total revenues 3,743,241   496,312   6,554,935 850,206  
Costs of revenues:              
Total costs of revenues 2,097,274   1,850,555   3,659,364 3,301,164  
Product Sales [Member]              
Revenues:              
Total revenues 635,333   496,312   1,276,391 850,206  
Costs of revenues:              
Total costs of revenues 398,073   319,970   841,258 545,945  
Software License, Maintenance and Support Services Revenue [Member]              
Revenues:              
Total revenues 299,934   263,316   594,963 550,760  
Costs of revenues:              
Total costs of revenues 161,610   168,511   315,613 305,945  
Software-Related Consulting Service Revenue [Member]              
Revenues:              
Total revenues 209,751   170,923   416,510 354,193  
Costs of revenues:              
Total costs of revenues 142,900   87,546   272,436 163,007  
Verification and Certification Segment [Member]              
Assets:              
Intangible and other assets, net 1,384,114   2,124,367   1,384,114 2,124,367  
Goodwill 1,133,122   1,427,499   1,133,122 1,427,499  
Total assets 13,242,580   11,921,178   13,242,580 11,921,178  
Revenues:              
Total revenues 4,378,574   4,004,069   7,831,326 7,154,157  
Costs of revenues:              
Total costs of revenues 2,525,647   2,170,525   4,563,595 3,847,109  
Gross profit 1,852,927   1,833,544   3,267,731 3,307,048  
Depreciation & amortization 102,651   90,971   184,588 225,426  
Other operating expenses 1,205,472   1,409,474   2,710,104 2,685,415  
Segment operating (loss)/income 544,804   333,099   373,039 396,208  
Other items to reconcile segment operating income (loss) to net income attributable to WFCF:              
Other expense (income) (30,326)   (3,938)   (59,975) (6,506)  
Net (loss)/income attributable to WFCF 575,130   337,036   433,014 402,714  
Verification and Certification Segment [Member] | Verification and Certification Service Revenue [Member]              
Revenues:              
Total revenues 3,743,241   3,507,757   6,554,935 6,303,951  
Costs of revenues:              
Total costs of revenues 2,127,574   1,850,555   3,722,337 3,301,164  
Verification and Certification Segment [Member] | Product Sales [Member]              
Revenues:              
Total revenues 635,333   496,312   1,276,391 850,206  
Costs of revenues:              
Total costs of revenues 398,073   319,970   841,258 545,945  
Other [Member]              
Revenues:              
Total revenues (71,797)       (134,798)    
Costs of revenues:              
Total costs of revenues (30,300)       (62,973)    
Gross profit (41,497)       (71,825)    
Other operating expenses (41,497)       (71,825)    
Other items to reconcile segment operating income (loss) to net income attributable to WFCF:              
Income tax (benefit)/expense 129,089   80,000   46,089 88,000  
Net (loss)/income attributable to WFCF (129,089)   (80,000)   (46,089) (88,000)  
Other [Member] | Verification and Certification Service Revenue [Member]              
Costs of revenues:              
Total costs of revenues (30,300)       (62,973)    
Other [Member] | Software License, Maintenance and Support Services Revenue [Member]              
Revenues:              
Total revenues (38,740)       (87,277)    
Other [Member] | Software-Related Consulting Service Revenue [Member]              
Revenues:              
Total revenues (33,057)       (47,521)    
Software Sales and Related Consulting Segment [Member]              
Assets:              
Intangible and other assets, net 2,163,784   1,629,938   2,163,784 1,629,938  
Goodwill 2,010,612   1,197,191   2,010,612 1,197,191  
Total assets 5,522,707   2,117,717   5,522,707 2,117,717  
Revenues:              
Total revenues 581,482   434,239   1,146,271 904,953  
Costs of revenues:              
Total costs of revenues 304,510   256,057   588,049 468,952  
Gross profit 276,972   178,182   558,222 436,001  
Depreciation & amortization 182,457   138,134   360,639 276,180  
Other operating expenses 236,105   131,888   468,021 287,922  
Segment operating (loss)/income (141,590)   (91,840)   (270,438) (128,101)  
Other items to reconcile segment operating income (loss) to net income attributable to WFCF:              
Other expense (income) (3)   131   (1,003) 860  
Net loss attributable to non-controlling interest 56,635   11,774   100,470 26,570  
Net (loss)/income attributable to WFCF (84,952)   (80,197)   (168,965) (102,390)  
Software Sales and Related Consulting Segment [Member] | Software License, Maintenance and Support Services Revenue [Member]              
Revenues:              
Total revenues 338,674   263,316   682,240 550,760  
Costs of revenues:              
Total costs of revenues 161,610   168,511   315,613 305,945  
Software Sales and Related Consulting Segment [Member] | Software-Related Consulting Service Revenue [Member]              
Revenues:              
Total revenues 242,808   170,923   464,031 354,193  
Costs of revenues:              
Total costs of revenues $ 142,900   $ 87,546   $ 272,436 $ 163,007