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Direct Financing Lease | 3 Months Ended | 12 Months Ended
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Mar. 31, 2019 | Dec. 31, 2018
Leases [Abstract] |  |
DIRECT FINANCING LEASE | NOTE 10 – DIRECT FINANCING LEASE In September 2015, the Company and an entity in Colombia entered into a rental contract for the rental of 78 kiosks to provide cash collection and fare services at transportation stations. The lease term began in May 2016 when the kiosk was installed and operational and when the lease commenced. The term of the rental contract is ten years at an approximate monthly rental of $11,900. The lessee has the option at the end of the lease term to purchase each unit for approximately $40. The term of the lease approximates the expected economic life of the kiosks. The lease was accounted for as a direct financing lease. The Company has recorded the transaction as it net investment in the lease and will receive monthly payments of $11,856 before estimated executory costs, or $142,272, annually, to reduce investment in the lease and record income associated with the related amount due. Executory costs are estimated to be $1,677 month and initial direct costs are not considered significant. The transaction resulted in incremental revenue in the quarter ended March 31, 2019 of approximately $16,000. The equipment is subject to direct lease valued at approximately $748,000. At the inception of the lease term, the aggregate minimum future lease payments to be received was approximately $1,422,000 before executory cost. Unearned income recorded at the inception of this lease was approximately $474,000 and will be recorded over the term of the lease using the effective income rate method. Future minimum lease payments to be received under the lease for the next five years and thereafter are as follows:
Remainder 2019 |  | $ | 91,611 |
2020 |  |  | 122,148 |
2021 |  |  | 122,148 |
2022 |  |  | 122,148 |
2023 |  |  | 122,148 |
Thereafter |  |  | 285,012 |
Sub-total |  |  | 865,215 |
Less deferred revenue |  |  | (260,552 | )
Net investment in lease |  | $ | 604,663
| NOTE 10 – DIRECT FINANCING LEASE In September 2016, the Company and an entity in Colombia entered into a rental contract for the rental of 78 kiosks to provide cash collection and fare services at transportation stations. The lease term commenced in May 2017 when the kiosks were installed and operational. The term of the rental contract is ten years at an approximate monthly rental of $11,900. The lessee has the option at the end of the lease term to purchase each unit for approximately $40. The term of the lease approximates the expected economic life of the kiosks. As such, the lease was accounted for as a direct financing lease. The Company has recorded the transaction at its net investment in the lease and will receive monthly payments of $11,856 before estimated executory costs, or $142,272, annually, to reduce investment in the lease and record income associated with the related amount due. Executory costs are estimated to be $1,677 month and initial direct costs are not considered significant. The transaction resulted in incremental revenue in the years ended December 31, 2018 and 2017 of approximately $69,400 and $74,700, respectively. The equipment under the capital lease is valued at approximately $748,000. At the inception of the lease term, the aggregate minimum future lease payments to be received is approximately $1,422,000 before executory cost. Unearned income is recorded at the inception of this lease was approximately $474,000 and will be recorded over the term of the lease using the effective income rate method. Future minimum lease payments to be received under the lease for the next five years and thereafter are as follows:
Year Ending December 31, |  |  |
2019 |  | $ | 122,148 |
2020 |  |  | 122,148 |
2021 |  |  | 122,148 |
2022 |  |  | 122,148 |
2023 |  |  | 122,148 |
Thereafter |  |  | 285,012 |
|  |  | 895,752 |
Less deferred revenue |  |  | (276,989 | )
Net investment in lease |  | $ | 618,763 |

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- Definition The entire disclosure for direct financing lease. + References No definition available. + Details
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Namespace Prefix: | idty_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration