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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Changes in Contract Assets and Liabilities

The following table present changes in our contract assets and liabilities during the twelve months ended December 31, 2018 and 2017:

 

   

Balance at Beginning

of Period

   

Revenue Recognized

in Advance

of Billings

    Billings    

Balance at

End of

Period

 
Twelve months ended December 31, 2018                                
Contract assets: Unbilled receivables   $ 89,847     $ 319,221     $ (318,366 )   $ 90,702  
                                 
Twelve months ended December 31, 2017                                
Contract assets: Unbilled receivables   $ 94,153     $ 380,219     $ (384,525 )   $ 89,847  

 

   

Balance at

Beginning

of Period

    Billings     Recognized Revenue    

Balance at

End of

Period

 
Twelve months ended December 31, 2018                                
Contract liabilities: Deferred revenue   $ 708,130     $ 2,370,975     $ (2,355,486 )   $ 723,619  
                                 
Twelve months ended December 31, 2017                                
Contract liabilities: Deferred revenue   $ 666,288     $ 2,709,932     $ (2,668,090 )   $ 708,130  

Schedule of Adoption of New Revenue

Adoption of the new revenue standard impacted our reported results as follows:

 

    For the Twelve Months Ended December 31, 2017  
    As Reported    

New Revenue

Standard Adjustment

    As Adjusted  
                   
Consolidated Statements of Operations:                        
Revenues   $ 2,623,441     $ (3,333 )   $ 2,620,108  
Operating expenses     3,031,555       2,694       3,034,249  
Net loss     (1,359,337 )     (6,027 )     (1,365,364 )
Basic and diluted net loss per share     (0.08 )     -       (0.08 )

 

    December 31, 2017  
    As Reported    

New Revenue

Standard Adjustment

    As Adjusted  
                   
Consolidated Balance Sheets:                        
Accounts payable and accrued expenses   $ 400,896     $ 4,259     $ 405,155  
Deferred revenue     703,971       4,159       708,130  
Accumulated deficit     (16,314,087 )     (8,418 )     (16,322,505 )