XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Accounting Policies [Abstract] |
Schedule of Changes in Contract Assets and Liabilities | The following table present changes in our contract assets during the nine months ended September 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 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, unbilled |  | $ | 444,782 |  |  | $ | 2,573,944 |  |  | $ | (2,526,780 | ) |  | $ | 491,946 |
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, unbilled |  | $ | 523,522 |  |  | $ | 3,281,320 |  |  | $ | (3,151,767 | ) |  | $ | 653,075 |
|  | Balance at Beginning of Period |  |  | Commissions Paid |  |  | Commissions Recognized |  |  | Balance at End of Period |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other contract assets |  | $ | 78,556 |  |  | $ | 102,321 |  |  | $ | (58,123 | ) |  | $ | 122,754 |
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other contract assets |  | $ | 31,283 |  |  | $ | 107,364 |  |  | $ | (68,235 | ) |  | $ | 70,412 |
The following table presents changes in our contract liabilities during the nine months ended September 30, 2022 and 2021:
|  | Balance at Beginning of Period |  |  | Addition from acquisition (Note 4) |  |  | Billings |  |  | Recognized Revenue |  |  | Balance at End of Period |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 1,194,649 |  |  | $ | 860,456 |  |  | $ | 5,560,018 |  |  | $ | (4,616,476 | ) |  | $ | 2,998,647 |
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities: Deferred revenue |  | $ | 996,131 |  |  | $ | - |  |  | $ | 2,954,212 |  |  | $ | (2,613,480 | ) |  | $ | 1,336,863 |
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, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 1,693,128 |  |  | $ | 792,548 |  |  | $ | 4,180,931 |  |  | $ | 2,319,370 |
Document Conversion |  |  | 2,166,499 |  |  |  | 2,378,814 |  |  |  | 5,797,851 |  |  |  | 6,396,857 |
Total revenues |  | $ | 3,859,627 |  |  | $ | 3,171,362 |  |  | $ | 9,978,782 |  |  | $ | 8,716,227 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 1,427,696 |  |  | $ | 673,237 |  |  | $ | 3,488,947 |  |  | $ | 1,898,799 |
Document Conversion |  |  | 1,078,489 |  |  |  | 1,242,484 |  |  |  | 2,838,093 |  |  |  | 3,435,893 |
Total gross profit |  | $ | 2,506,185 |  |  | $ | 1,915,721 |  |  | $ | 6,327,040 |  |  | $ | 5,334,692 |
Capital additions, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Document Management |  | $ | 145,581 |  |  | $ | 5,935 |  |  | $ | 321,382 |  |  | $ | 44,051 |
Document Conversion |  |  | 43,069 |  |  |  | 126,578 |  |  |  | 136,669 |  |  |  | 488,100 |
Total capital additions, net |  | $ | 188,650 |  |  | $ | 132,513 |  |  | $ | 458,051 |  |  | $ | 532,151 |
|  | September 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 |
|  | September 30, 2022 |  |  | December 31, 2021 |
Total assets |  |  |  |  |  |  |  |
Document Management |  | $ | 11,210,697 |  |  | $ | 2,233,419 |
Document Conversion |  |  | 9,548,940 |  |  |  | 9,728,713 |
Total assets |  | $ | 20,759,637 |  |  | $ | 11,962,132 |

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 https://asc.fasb.org/extlink&oid=126920106&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 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration