Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Summary Of Significant Accounting Policies  
Schedule of revenue is disaggregated by major product

The following table shows revenue disaggregated by major product line and timing of revenue recognition: 

 

    For the Three Months Ended September 30,  

For the Nine Months

Ended September 30,

    2019   2018   2019   2018
                 
Major products/services lines                                
                                 
Infrastructure & Disaster Recovery/Cloud Service   $ 1,336,348     $ 1,222,043     $ 3,960,466     $ 3,490,434  
Equipment and Software     410,238       976,111       1,285,297       2,743,915  
Managed Services     116,266       143,228       322,133       489,884  
Other     150,810       219,130       478,635       536,346  
 Total Revenue   $ 2,013,662     $ 2,560,512     $ 6,046,531     $ 7,260,579  
                                 
Timing of revenue recognition                                
                                 
Products transferred at a point in time   $ 410,238     $ 976,111     $ 1,285,297     $ 2,743,915  
Products and services transferred over time     1,603,424       1,584,401       4,761,234       4,516,664  
 Total Revenue   $ 2,013,662     $ 2,560,512     $ 6,046,531     $ 7,260,579  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the information needed to compute basic and diluted earnings per share for the nine months ended September 30, 2019 and 2018:

 

   

For the Three Months Ended

September 30,

 

For the Nine Months Ended

September 30,

    2019   2018   2019   2018
                 
Net Income (Loss) Available to Common Shareholders   $ (152,673 )     200,843     $ (103,659 )   $ 159,807  
                                 
Weighted average number of common shares - basic     128,139,418       128,139,418       128,139,418       128,139,418  
Dilutive securities                                
Options     —         3,667,227       —         3,667,227  
Warrants     —         133,334       —         133,334  
Weighted average number of common shares - diluted     128,139,418       131,939,979       128,139,418       131,939,979  
                                 
Earnings (Loss) per share, basic   $ 0.00     $ 0.00     $ 0.00     $ 0.00  
Earnings (Loss) per share, diluted   $ 0.00     $ 0.00     $ 0.00     $ 0.00  
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:

 

    2019   2018   2019   2018
  Options       6,015,518       2,348,291       6,015,518       2,348,291  
  Warrants       133,334       —         133,334       —    
          6,148,852       2,348,291       6,148,852       2,348,291