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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
Schedule of Changes in Contract Assets and Liabilities | The following table present changes in our contract assets during the six months ended June 30, 2022 and 2021: Schedule of Changes in Contract Assets and Liabilities
|  | Balance at Beginning of Period |  |  | Revenue Recognized in Advance of Billings |  |  | Billings |  |  | Balance at End of Period |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, unbilled |  | $ | 444,782 |  | 96,631 | $ | 1,501,726 |  |  | $ | (1,511,429 | ) |  | $ | 435,079 |
Six months ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, unbilled |  | $ | 523,522 |  |  | $ | 1,944,919 |  |  | $ | (1,956,366 | ) |  | $ | 512,075 |
|  | Balance at Beginning of Period |  |  | Commissions Paid |  |  | Commissions Recognized |  |  | Balance at End of Period |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other contract assets |  | $ | 78,556 |  |  | $ | 52,310 |  |  | $ | (29,708 | ) |  | $ | 101,158 |
Six months ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other contract assets |  | $ | 31,283 |  |  | $ | 24,824 |  |  | $ | (19,944 | ) |  | $ | 36,163 |
The following table presents changes in our contract liabilities during the six months ended June 30, 2022 and 2021:
|  | Balance at Beginning of Period |  |  | Addition from acquisition (Note 4) |  |  | Billings |  |  | Recognized Revenue |  |  | Balance at End of Period |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 1,194,649 |  |  | $ | 860,456 |  |  | $ | 3,166,205 |  |  | $ | (3,507,239 | ) |  | $ | 1,714,071 |
Six months ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 996,131 |  |  | $ | - |  |  | $ | 2,141,905 |  |  | $ | (2,195,089 | ) |  | $ | 942,947 |
Schedule of Segment Information | Information by operating segment is as follows: Schedule of Segment Information
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 1,572,854 |  |  | $ | 791,004 |  |  | $ | 2,487,804 |  |  | $ | 1,526,822 |
Document Conversion |  |  | 1,842,789 |  |  |  | 2,118,642 |  |  |  | 3,631,351 |  |  |  | 4,018,043 |
Total revenues |  | $ | 3,415,643 |  |  | $ | 2,909,646 |  |  | $ | 6,119,155 |  |  | $ | 5,544,865 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 1,326,345 |  |  | $ | 638,169 |  |  | $ | 2,012,823 |  |  | $ | 1,225,700 |
Document Conversion |  |  | 862,673 |  |  |  | 1,175,898 |  |  |  | 1,808,032 |  |  |  | 2,193,271 |
Total gross profit |  | $ | 2,189,018 |  |  | $ | 1,814,067 |  |  | $ | 3,820,855 |  |  | $ | 3,418,971 |
Capital additions, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 144,717 |  |  | $ | - |  |  | $ | 175,801 |  |  | $ | 38,116 |
Document Conversion |  |  | 39,244 |  |  |  | 165,455 |  |  |  | 93,600 |  |  |  | 361,522 |
Total capital additions, net |  | $ | 183,961 |  |  | $ | 165,455 |  |  | $ | 269,401 |  |  | $ | 399,638 |
|  | June 30, 2022 |  |  | December 31, 2021 |
Goodwill |  |  |  |  |  |  |  |
Document Management |  | $ | 3,989,645 |  |  | $ | 522,711 |
Document Conversion |  |  | 1,800,176 |  |  |  | 1,800,176 |
Total goodwill |  | $ | 5,789,821 |  |  | $ | 2,322,887 |
|  | June 30, 2022 |  |  | December 31, 2021 |
Total assets |  |  |  |  |  |  |  |
Document Management |  | $ | 9,616,801 |  |  | $ | 2,233,419 |
Document Conversion |  |  | 9,607,961 |  |  |  | 9,728,713 |
Total assets |  | $ | 19,224,762 |  |  | $ | 11,962,132 |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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