Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
Major products/service lines
Licensing fees - royalty revenue	$	583,530	$	703,833
Initiation fees		0		0
Total Revenue	$	583,530	$	703,833
Timing of revenue recognition
Products transferred at a point in time	$	0	$	0
Products and services transferred over time		583,530		703,833
	$	583,530	$	703,833

Schedule of contract balances

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

	December 31,		December 31,
	2019		2018
Assets
Trade receivables - including affiliates, net	$	44,913	$	52,017
Liabilities
Deferred revenue	$	0	$	0
Deferred revenue - long term	$	180,200	$	112,500