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Deferred Revenue
12 Months Ended
Dec. 31, 2017
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue

NOTE 11 – DEFERRED REVENUE

 

On July 18, 2016, upon the acquisition of Boxlight Group, the Company assumed a $761,622 future performance obligation for separately priced extended warranties sold by Boxlight Group based on preliminary measurement of the assets acquired and liabilities assumed.

 

Deferred revenue consisted of the following as of December 31, 2017 and 2016:

 

    December 31, 2017     December 31, 2016  
             
Balance, beginning of year   $ 767,726     $ -  
Assumed from Boxlight Group     -       761,622  
Additions     1,070,528       259,744  
Amortization     (535,537 )     (253,640 )
Balance, ending of year     1,302,717       767,726  
                 
Deferred revenue – short-term     1,127,423       495,603  
Deferred revenue – long-term   $ 175,294     $ 272,123