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Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of operating segments

The following table shows information for reportable operating segments:

	Three months ended September 30, 2019												Three months ended September 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
Assets:
Intangible and other assets, net	$	1,343,955		$	2,053,842		$	—		$	3,397,797		$	2,883,887		$	1,983,577		$	—		$	4,867,464
Goodwill		1,133,122			2,010,612			—			3,143,734			1,840,956			1,372,488			—			3,213,444
Total assets		14,214,110			5,323,783			—			19,537,893			14,274,121			1,229,225			—			15,503,346

Revenues:
Verification and certification service revenue	$	4,759,383		$	—		$	—		$	4,759,383		$	3,906,996		$	—		$	—		$	3,906,996
Product sales		1,086,272			—			—			1,086,272			783,303			—			—			783,303
Software license, maintenance and support services revenue		—			286,816			(60,000	)		226,816			—			208,541			—			208,541
Software-related consulting service revenue		—			196,723			(36,712	)		160,011			—			226,538			—			226,538
Total revenues	$	5,845,655		$	483,539		$	(96,712	)	$	6,232,482		$	4,690,299		$	435,079		$	—		$	5,125,378
Costs of revenues:
Costs of verification and certification services		2,733,350			—			(60,150	)		2,673,200			2,098,462			—			—			2,098,462
Costs of products		696,579			—			—			696,579			489,149			—			—			489,149
Costs of software license, maintenance and support services		—			153,452			—			153,452			—			183,942			—			183,942
Costs of software-related consulting services		—			122,224			—			122,224			—			117,303			—			117,303
Total costs of revenues		3,429,929			275,676			(60,150	)		3,645,455			2,587,611			301,245			—			2,888,856
Gross profit		2,415,726			207,863			(36,562	)		2,587,027			2,102,688			133,834			—			2,236,522
Depreciation & amortization		78,620			178,568			—			257,188			102,944			138,230			—			241,174
Other operating expenses		1,519,708			232,698			(36,562	)		1,715,844			1,442,568			135,277			—			1,577,845
Segment operating (loss)/income	$	817,398		$	(203,403	)	$	—		$	613,995		$	557,176		$	(139,673	)	$	—		$	417,503
Other items to reconcile segment operating income (loss) to net income attributable to WFCF:
Other expense (income)		(29,563	)		(6	)		—			(29,569	)		(102,155	)		—			—			(102,155	)
Income tax (benefit)/expense		—			—			184,001			184,001			—			—			169,000			169,000
Net loss attributable to non-controlling interest		—			81,359			—			81,359			—			26,691			—			26,691
Net (loss)/income attributable to WFCF	$	846,961		$	(122,038	)	$	(184,001	)	$	540,922		$	659,331		$	(112,982	)	$	(169,000	)	$	377,349

	Nine months ended September 30, 2019												Nine months ended September 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
Assets:
Intangible and other assets, net	$	1,343,955		$	2,053,842		$	—		$	3,397,797		$	2,883,887		$	1,983,577		$	—		$	4,867,464
Goodwill		1,133,122			2,010,612			—			3,143,734			1,840,956			1,372,488			—			3,213,444
Total assets		14,214,110			5,323,783			—			19,537,893			14,274,121			1,229,225			—			15,503,346

Revenues:
Verification and certification service revenue	$	11,314,318		$	—		$	—		$	11,314,318		$	10,210,947		$	—		$	—		$	10,210,947
Product sales		2,362,663			—			—			2,362,663			1,633,509			—			—			1,633,509
Software license, maintenance and support services revenue		—			969,056			(147,277	)		821,779			—			759,301			—			759,301
Software-related consulting service revenue		—			660,755			(84,234	)		576,521			—			580,731			—			580,731
Total revenues	$	13,676,981		$	1,629,811		$	(231,511	)	$	15,075,281		$	11,844,456		$	1,340,032		$	—		$	13,184,488
Costs of revenues:
Costs of verification and certification services		6,455,687			—			(123,123	)		6,332,564			5,399,626			—			—			5,399,626
Costs of products		1,537,837			—			—			1,537,837			1,035,094			—			—			1,035,094
Costs of software license, maintenance and support services		—			469,065			—			469,065			—			489,887			—			489,887
Costs of software-related consulting services		—			394,660			—			394,660			—			280,310			—			280,310
Total costs of revenues		7,993,524			863,725			(123,123	)		8,734,126			6,434,720			770,197			—			7,204,917
Gross profit		5,683,457			766,086			(108,388	)		6,341,155			5,409,736			569,835			—			5,979,571
Depreciation & amortization		263,209			539,207			—			802,416			328,370			414,410			—			742,780
Other operating expenses		4,229,813			700,718			(108,388	)		4,822,143			4,127,982			423,199			—			4,551,181
Segment operating (loss)/income	$	1,190,435		$	(473,839	)	$	—		$	716,596		$	953,384		$	(267,774	)	$	—		$	685,610
Other items to reconcile segment operating income (loss) to net income attributable to WFCF:
Other expense (income)		(89,538	)		(1,009	)		—			(90,547	)		(108,661	)		860			—			(107,801	)
Income tax (benefit)/expense		—			—			230,090			230,090			—			—			257,000			257,000
Net loss attributable to non-controlling interest		—			181,829			—			181,829			—			53,261			—			53,261
Net (loss)/income attributable to WFCF	$	1,279,973		$	(291,001	)	$	(230,090	)	$	758,882		$	1,062,045		$	(215,373	)	$	(257,000	)	$	589,672