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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2020
Accounting Policies [Abstract] |
Schedule of Changes in Contract Assets and Liabilities | The following table present changes in our contract assets and liabilities during the nine months ended September 30, 2020 and 2019:
|  | Balance at Beginning of Period |  |  | Addition from acquisition (Note 6) |  |  | Revenue Recognized in Advance of Billings |  |  | Billings |  |  | Balance at End of Period |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract assets: Accounts receivable, unbilled |  | $ | 23,371 |  |  | $ | 276,023 |  |  | $ | 602,692 |  |  | $ | (398,444 | ) |  | $ | 503,642 |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract assets: Accounts receivable, unbilled |  | $ | 65,118 |  |  | $ | - |  |  | $ | 133,505 |  |  | $ | (163,271 | ) |  | $ | 35,352 |
|  | Balance at Beginning of Period |  |  | Addition from acquisition (Note 6) |  |  | Billings |  |  | Recognized Revenue |  |  | Balance at End of Period |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 754,073 |  |  | $ | 198,659 |  |  | $ | 2,215,742 |  |  | $ | (2,146,222 | ) |  | $ | 1,022,252 |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 723,619 |  |  | $ | - |  |  | $ | 2,010,090 |  |  | $ | (2,060,993 | ) |  | $ | 672,716 |
Schedule of Segment Information | Information by operating segment is as follows:
|  | Three months ended September 30, 2020 |  |  | Three months ended September 30, 2019 |
Revenues |  |  |  |  |  |  |  |
Document Management |  | $ | 780,834 |  |  | $ | 738,957 |
Document Conversion |  |  | 1,730,448 |  |  |  | 16,611 |
Total revenues |  | $ | 2,511,282 |  |  | $ | 755,568 |
Gross profit |  |  |  |  |  |  |  |
Document Management |  | $ | 605,451 |  |  | $ | 610,998 |
Document Conversion |  |  | 884,843 |  |  |  | (3,120 | )
Total gross profit |  | $ | 1,490,294 |  |  | $ | 607,878 |
Capital additions, net |  |  |  |  |  |  |  |
Document Management |  | $ | - |  |  | $ | - |
Document Conversion |  |  | 33,676 |  |  |  | - |
Total capital additions, net |  | $ | 33,676 |  |  | $ | - |
|  | Nine months ended September 30, 2020 |  |  | Nine months ended September 30, 2019 |
Revenues |  |  |  |  |  |  |  |
Document Management |  | $ | 2,018,208 |  |  | $ | 1,879,187 |
Document Conversion |  |  | 3,539,378 |  |  |  | 32,374 |
Total revenues |  | $ | 5,557,586 |  |  | $ | 1,911,561 |
Gross profit |  |  |  |  |  |  |  |
Document Management |  | $ | 1,526,283 |  |  | $ | 1,506,071 |
Document Conversion |  |  | 1,880,648 |  |  |  | (14,769 | )
Total gross profit |  | $ | 3,406,931 |  |  | $ | 1,491,302 |
Capital additions, net |  |  |  |  |  |  |  |
Document Management |  | $ | 7,911 |  |  | $ | - |
Document Conversion |  |  | 51,205 |  |  |  | 5,489 |
Total capital additions, net |  | $ | 59,116 |  |  | $ | 5,489 |
|  | September 30, 2020 |  |  | December 31, 2019 |
Total assets |  |  |  |  |  |  |  |
Document Management |  | $ | 1,825,343 |  |  | $ | 986,574 |
Document Conversion |  |  | 4,995,089 |  |  |  | - |
Corporate |  |  | 3,561,977 |  |  |  | - |
Total assets |  | $ | 10,382,409 |  |  | $ | 986,574 |

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