Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition and Contracts with Customers (Tables)

v3.21.2
Revenue Recognition and Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2021
Revenue Recognition and Contracts with Customers  
Schedule of company's total revenue by major product lines

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2021

    

2020

    

2021

    

2020

Revenues

 

  

 

  

 

  

 

  

Smart Glasses Sales

$

3,018,774

$

2,686,166

$

9,657,589

$

6,392,865

Engineering Services

 

 

92,555

 

193,113

 

954,415

Total Revenue

$

3,018,774

$

2,778,721

$

9,850,702

$

7,347,280

Schedule of company's net sales by revenue recognition method as a percentage of total net sales

The following table presents a summary of the Company’s sales by revenue recognition method as a percentage of total net sales for the nine months ended September 30, 2021:

    

% of Total Sales

 

Point-in-Time

 

98

%

Over Time – Input Method

 

2

%

Total

 

100

%