XML 26 R18.htm IDEA: XBRL DOCUMENT v3.20.1

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Future minimum payments for operating leases

Future minimum lease payments under the operating lease at December 31, 2019 are shown below:

Annual minimum payments:		Amount
2020		$	478,455
2021			497,594
2022			253,675
Total minimum payments			1,229,724
Less: Present value factor			(253,675	)
Total operating lease liabilities			1,134,349
Less: Current portion of operating lease			(419,288	)
Long-term portion of operating lease		$	715,062

Future minimum payments under capital lease and equipment financing arrangements

Future minimum payments under financing lease and equipment financing arrangements as of December 31, 2019 are as follows:

Annual minimum payments:		Amount
2020		$	8,455
Less amount representing interest			(164	)
Present value of net minimum payments		$	8,291
Current portion of finance leases			(8,291	)
Long-term portion of finance leases		$	—

X

- References

No definition available.

+ Details

Name:	SCKT_NotesToFinancialStatementsAbstract
Namespace Prefix:	SCKT_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration