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v3.19.3.a.u2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Schedule of revenue attributable to each of our identified revenue categories | Revenue attributable to each of our identified revenue categories is disaggregated in the table below.
|  | Year ended December 31, 2019 |  |  | Year ended December 31, 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 |  | $ | 15,564,411 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,564,411 |  |  | $ | 13,743,311 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,743,311 |
Product sales |  |  | 3,300,799 |  |  |  | — |  |  |  | — |  |  |  | 3,300,799 |  |  |  | 2,266,771 |  |  |  | — |  |  |  | — |  |  |  | 2,266,771 |
Software license, maintenance and support services revenue |  |  | — |  |  |  | 1,273,820 |  |  |  | (207,277 | ) |  |  | 1,066,543 |  |  |  | — |  |  |  | 993,161 |  |  |  | — |  |  |  | 993,161 |
Software-related consulting service revenue |  |  | — |  |  |  | 947,524 |  |  |  | (104,861 | ) |  |  | 842,663 |  |  |  | — |  |  |  | 800,316 |  |  |  | — |  |  |  | 800,316 |
Total revenues |  | $ | 18,865,210 |  |  | $ | 2,221,344 |  |  | $ | (312,138 | ) |  | $ | 20,774,416 |  |  | $ | 16,010,082 |  |  | $ | 1,793,477 |  |  | $ | — |  |  | $ | 17,803,559
Schedule of changes in contract liabilities | The following table reflects the changes in our contract liabilities during the year ended December 31, 2019:
Deferred revenue: |  |  |  |
Unearned revenue January 1, 2019 |  | $ | 654,873 |
Unearned billings |  |  | 2,683,647 |
Revenue recognized |  |  | (2,541,487 | )
Unearned revenue December 31, 2019 |  | $ | 797,033 |
Schedule of impact of adoption ASU 606 | The impact of adoption on our current period results is as follows:
|  | Year ended December 31, 2018 |
|  | Under ASC |  |  | Under ASC |  |  | Increase / |
|  | 606 |  |  | 605 |  |  | (Decrease) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Verification and certification service revenue |  | $ | — |  |  | $ | 170,340 |  |  | $ | (170,340 | )
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of verification and certification services |  | $ | — |  |  | $ | 170,340 |  |  | $ | (170,340 | )
Gross profit |  | $ | — |  |  | $ | — |  |  | $ | — |
Net income (loss) |  | $ | — |  |  | $ | — |  |  | $ | — |
Retained earnings |  | $ | — |  |  | $ | — |  |  | $ | — |

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