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Deferred Revenue | 12 Months Ended
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Dec. 31, 2018
Revenue Recognition and Deferred Revenue [Abstract] |
Deferred Revenue | NOTE 10 – DEFERRED REVENUE The Company has future performance obligations for separately priced extended warranties sold related to its Lamps for Life program and advances from customers. Deferred revenue consisted of the following:
|  | December 31, 2018 |  |  | December 31, 2017 |
Balance, beginning of year |  | $ | 1,302,717 |  |  | $ | 767,726 |
Additions |  |  | 17,989,811 |  |  |  | 1,070,528 |
Amortization |  |  | (18,219,514 | ) |  |  | (535,537 | )
Balance, ending of year |  |  | 1,073,014 |  |  |  | 1,302,717 |
Deferred revenue – short-term |  |  | 938,050 |  |  |  | 1,127,423 |
Deferred revenue – long-term |  | $ | 134,964 |  |  | $ | 175,294 |
The Company entered an arrangement with a distributor which specified shipment to an intermediate site before final delivery to the end user. The distributor would prepay the majority of the sales price and assumes title to the products upon shipment to the intermediate site. The balance of the sales price would be payable upon final delivery to the end user. Revenue was deferred for sales subject to these payment terms and recognized upon final delivery.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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