Quarterly report pursuant to Section 13 or 15(d)

Revenues (Tables)

v3.20.2
Revenues (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue

Revenue by type was as follows:

 

    Three months ended     Nine months ended  
    September 30,     September 30,  
    2020     2019     2020     2019  
Revenue type                                
Product revenue   $ 348,480     $ 233,038     $ 741,570     $ 662,963  
Shipping revenue     38,381       26,661       76,249       67,167  
Subscription revenue     -       1,866       1,786       9,941  
Service income     1,793       3,916       1,793       5,459  
    $ 388,654     $ 265,481     $ 821,398     $ 745,530  

Schedule of Contract Liabilities

The table below details the activity in the Company’s contract liabilities during the nine months ended September 30, 2020 and as of December 31, 2019, and the balance at the end of each period is reported as contract liability in the Company’s consolidated balance sheet.

 

    September 30,     December 31,  
    2020     2019  
Balance, beginning of year   $ -     $ 9,999  
Additions     130,014       -  
Transfer to revenue     (7,500 )     (9,999 )
Balance, end of period   $ 122,514     $ -