Summary of Significant Accounting Policies (Details Narrative) |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2020
USD ($)
Integer
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Dec. 31, 2019
USD ($)
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| Bank balances in excess of insured limits | $ 7,800,000 | |
| Allowance for doubtful accounts | $ 27,000 | $ 29,000 |
| Payment terms under contracts with customers | A range of 30-60 days after the customers' receipt of the Company's invoices. | |
| Operating segments | Integer | 1 | |
| Minimum | ||
| Term of service agreements (in years) | 1 year | |
| Maximum | ||
| Term of service agreements (in years) | 3 years | |
| License Agreement Terms | ||
| Payment terms under license agreement | $ 591,341 | |
| Expected useful life | 5 years |
| X | ||||||||||
- Definition Represents the term for service agreements. No definition available.
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- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of cash as of the balance sheet date that is not insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Gross carrying amount as of the balance sheet date of certain rights acquired to exercise a certain privilege or pursue a particular business or occupation and which is deemed to have a finite economic life. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. No definition available.
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- Definition Description of payment terms in contract with customer. Includes, but is not limited to, timing of payment, existence of financing component, variability of consideration and constraint on variable consideration. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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