Disaggregation of Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Disaggregation of Revenue

Schedule of disaggregation of revenue

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Major products/service lines
Licensing fees - royalty revenue	$	9,000	$	183,549	$	152,642	$	265,847
Total Revenue	$	9,000	$	183,549	$	152,642	$	265,847
Timing of revenue recognition
Products transferred at a point in time	$		$	—	$		$	—
Products and services transferred over time		9,000		183,549		152,642		265,847
	$	9,000	$	183,549	$	152,642	$	265,847

Schedule of contract balances

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

	June 30,		December 31,
	2020		2019
Assets
Trade receivables, net	$	70,305	$	44,913
Liabilities
Contract liabilities	$	208,200	$	180,200

	June 30,		December 31,
Contract liabilities	2020		2019
Opening	$	180,200	$	112,500
Addditions		28,000		120,200
Transfer to revenue		—		52,500
Ending	$	208,200	$	180,200