Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2019 |
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| Summary Of Significant Accounting Policies |
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| Schedule of revenue is disaggregated by major product |
The following table shows revenue disaggregated
by major product line and timing of revenue recognition:
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30,
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2019 |
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2018 |
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2019 |
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2018 |
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| Major products/services lines |
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| Infrastructure & Disaster Recovery/Cloud Service |
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$ |
1,468,887 |
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|
$ |
1,170,378 |
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|
$ |
2,624,118 |
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|
$ |
2,304,938 |
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| Equipment and Software |
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|
372,935 |
|
|
|
1,379,424 |
|
|
|
875,059 |
|
|
|
1,767,804 |
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| Managed Services |
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|
95,871 |
|
|
|
128,819 |
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|
|
205,867 |
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|
346,656 |
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| Other |
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|
95,935 |
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|
|
71,921 |
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|
|
329,865 |
|
|
|
280,669 |
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| Total Revenue |
|
$ |
2,033,628 |
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|
$ |
2,750,542 |
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|
$ |
4,034,909 |
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|
$ |
4,700,067 |
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| Timing of revenue recognition |
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| Products transferred at a point in time |
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$ |
372,935 |
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|
$ |
1,379,424 |
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|
$ |
875,059 |
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|
$ |
1,767,804 |
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| Products and services transferred over time |
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|
1,660,693 |
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|
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1,371,118 |
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|
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3,159,850 |
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|
|
2,932,262 |
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| Total
Revenue |
|
$ |
2,033,628 |
|
|
$ |
2,750,542 |
|
|
$ |
4,034,909 |
|
|
$ |
4,700,067 |
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| Schedule of Earnings Per Share, Basic and Diluted |
Net Income (Loss) Per Common Share
In accordance with FASB ASC 260-10-5 Earnings
Per Share, basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of
common stock outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) adjusted for income
or loss that would result from the assumed conversion of potential common shares from contracts that may be settled in stock or
cash by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding
during each period.
The following table sets forth the information
needed to compute basic and diluted earnings per share for the six months ended June 30, 2019 and 2018:
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For the Three Months Ended June 30,
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For the Six Months Ended June 30,
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2019 |
|
2018 |
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2019 |
|
2018 |
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| Net Income (Loss) Available to Common Shareholders |
|
$ |
17,233 |
|
|
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(28,522 |
) |
|
$ |
49,016 |
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|
$ |
(41,037 |
) |
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| Weighted average number of common shares - basic |
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128,139,418 |
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128,139,418 |
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128,139,418 |
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|
128,139,418 |
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| Dilutive securities |
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| Options |
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3,667,227 |
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— |
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3,667,227 |
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— |
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| Warrants |
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|
133,334 |
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— |
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|
133,334 |
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— |
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| Weighted average number of common shares - diluted |
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|
131,939,979 |
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128,139,418 |
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131,939,979 |
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|
128,139,418 |
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| Earnings (Loss) per share, basic |
|
$ |
0.00 |
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|
$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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| Earnings (Loss) per share, diluted |
|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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$ |
0.00 |
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| Schedule of anti-dilutive income (loss) per share |
The following table sets forth the number of
potential shares of common stock that have been excluded from diluted net income (loss) per share net income (loss) per share because
their effect was anti-dilutive:
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For the Three Months Ended
June 30, |
|
For the Six Months Ended June 30,
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| |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
| |
Options |
|
|
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2,006,059 |
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|
2,348,291 |
|
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2,006,059 |
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2,348,291 |
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Warrants |
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|
— |
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133,334 |
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— |
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|
133,334 |
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2,006,059 |
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|
2,481,625 |
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2,006,059 |
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2,481,625 |
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