ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

Disaggregated revenue for the three months ended March 31, 2019 and 2018 was as follows:

	For the Three Months Ended  March 31,
	2019		2018
Product Revenue	$	4,930,924	$	5,532,647
Service Revenue		505,675		422,815
Total Revenue	$	5,436,599	$	5,955,462

Schedule of deferred revenue

Deferred revenue as of March 31, 2019 was as follows:

	Service			Product			Total Deferred Revenue
Balance, beginning of period	$	1,455,757		$	33,000		$	1,488,757
Revenue recognized		(368,956	)		(33,000	)		(401,956	)
Amounts invoiced		473,359			—			473,359
Balance, end of period	$	1,560,160		$	—		$	1,560,160

Schedule of estimated service revenue recognised

Estimated service revenue to be recognized in the future related to the performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2019 is as follows:

Year	Service Revenue
2019 (April 1 – December 31, 2019)	$	579,785
2020		539,914
2021		405,892
2022		34,569
Total	$	1,560,160

Schedule of investment

These securities are carried at amortized cost plus accrued interest and consist of the following:

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
Short-Term:
Corporate bonds	$	2,892,190	$	—	$	623	$	2,891,567
Total Short Term:		2,892,190		—		623		2,891,567
Total Investments December 31, 2018	$	2,892,190	$	—	$	623	$	2,891,567
Short-Term:
Corporate bonds	$	4,699,954	$	1,226	$	—	$	4,701,180
Total Short Term:		4,699,954		1,226		—		4,701,180
Total Investments March 31, 2019	$	4,699,954	$	1,226	$	—	$	4,701,180

Schedule of antidilutive

Shares were excluded as follows:

	For the Three Months Ended  March 31,
	2019		2018
Warrants		256,035		—
Stock options		64,463		3,660
Shares		70,951		—