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DEFERRED REVENUES
9 Months Ended
Sep. 30, 2016
Deferred Revenue Disclosure [Abstract]  
DEFERRED REVENUES

NOTE 5 – DEFERRED REVENUES

 

A portion of the Company’s revenues are from coaching and/or training services provided under contracts that are greater than one month in length. These contracts are billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue is earned. We recognize revenue on these contracts in the period the coaching and/or training services are provided under the contract. Expenses associated with providing the coaching and/or training services are recognized in the period the services are provided which coincides with when the revenue is earned.

 

As of September 30, 2016 and December 31, 2015, the Company had deferred revenues balance of $1,170,870 and $1,572,644, respectively.