Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue Recognition

Schedule of Disaggregation of Revenue

In the following table, revenue is disaggregated by major products/service lines, and timing of revenue recognition:

	For the Years Ended December 31,
	2018		2017
Major products/service lines
Licensing fees - royalty revenue	$	703,833	$	709,448
Initiation fees		0		13,500
Total Revenue	$	703,833	$	722,948
Timing of revenue recognition
Products transferred at a point in time	$	0	$	13,500
Products and services transferred over time		703,833		709,448
	$	703,833	$	722,948

Schedule of Contract Balances

The following table provides information about receivables, assets, and liabilities from contracts with customers:

	December 31,		December 31,
	2018		2017
Assets
Trade receivables - including affiliates, net	$	52,017	$	73,943
Liabilities
Deferred revenue	$	0	$	14,000
Deferred revenue - long term	$	112,500	$	35,750