XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Schedule of Changes in Contract Assets and Liabilities

The following table presents changes in our contract assets during the nine months ended September 30, 2021 and 2020:

Schedule of Changes in Contract Assets and Liabilities 

		Balance at Beginning of Period				Addition from acquisition (Note 5)				Revenue Recognized in Advance of Billings				Billings				Balance at End of Period
Nine months ended September 30, 2021
Accounts receivable, unbilled		$	523,522			$	-			$	3,281,320			$	(3,151,767	)		$	653,075
Other contract assets		$	31,283			$	-			$	107,364			$	68,235			$	70,412
Nine months ended September 30, 2020
Accounts receivable, unbilled		$	23,371			$	276,023			$	602,692			$	(398,444	)		$	503,642
Other contract assets		$	19,670			$	-			$	39,975			$	28,695			$	30,950

Schedule of changes in contract deferred revenue

The following table presents changes in our contract liabilities during the nine months ended September 30, 2021 and 2020:

 Schedule of changes in contract deferred revenue

		Balance at Beginning of Period				Addition from acquisition (Note 5)				Billings				Recognized Revenue				Balance at End of Period
Nine months ended September 30, 2021
Deferred revenue		$	996,131			$	-			$	2,954,212			$	(2,613,480	)		$	1,336,863
Nine months ended September 30, 2020
Deferred revenue		$	754,073			$	198,659			$	2,215,742			$	(2,146,222	)		$	1,022,252

Schedule of Segment Information

Information by operating segment is as follows:

Schedule of Segment Information 

		For the three months ended September 30,								For the nine months ended September 30,
		2021				2020				2021				2020
Revenues
Document Management		$	792,548			$	780,834			$	2,319,370			$	2,018,208
Document Conversion			2,378,814				1,730,448				6,396,857				3,539,378
Total revenues		$	3,171,362			$	2,511,282			$	8,716,227			$	5,557,586
Gross profit
Document Management		$	673,237			$	605,451			$	1,898,799			$	1,526,283
Document Conversion			1,242,484				884,843				3,435,893				1,880,648
Total gross profit		$	1,915,721			$	1,490,294			$	5,334,692			$	3,406,931
Capital additions, net
Document Management		$	5,935			$	-			$	44,051			$	7,911
Document Conversion			126,578				33,676				488,100				51,205
Total capital additions, net		$	132,513			$	33,676			$	532,151			$	59,116

		As of September 30,				As of December 31,
		2021				2020
Total assets
Document Management		$	2,249,183			$	2,295,165
Document Conversion			9,957,635				8,049,468
Total assets		$	12,206,818			$	10,344,633

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124098289&loc=d3e6935-107765

+ Details

Name:	us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration