Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition and Contracts with Customers (Tables)

v3.22.2
Revenue Recognition and Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2022
Revenue Recognition and Contracts with Customers  
Schedule of company's total revenue by major product lines

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

Revenues

 

  

 

  

 

  

 

  

Smart Glasses Sales

$

2,898,892

$

2,833,644

$

5,401,944

$

6,638,814

Engineering Services

 

108,866

 

82,894

 

108,866

 

193,113

Total Revenue

$

3,007,758

$

2,916,538

$

5,510,810

$

6,831,927

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 six months ended June 30, 2022:

    

% of Total Net Sales

2022

 

2021

 

Point-in-Time

 

98

%

97

%

Over Time – Input Method

 

2

%

3

%

Total

 

100

%

100

%