Annual report pursuant to Section 13 and 15(d)

Revenue Recognition and Contracts with Customers (Tables)

v3.20.1
Revenue Recognition and Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2019
Revenue Recognition and Contracts with Customers  
Schedule of company's total revenue by major product lines

The following table summarizes the revenue recognized by major product line:

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31, 

 

    

2019

    

2018

    

2017

Revenues

 

 

  

 

 

  

 

 

  

Smart Glasses and iWear Video Headphones Sales

 

$

4,893,384

 

$

6,512,202

 

$

4,197,633

OEM Product Sales

 

 

951,570

 

 

994,500

 

 

 —

Waveguide and Display Engine Sales

 

 

152,499

 

 

185,400

 

 

351,056

Engineering Services

 

 

673,151

 

 

402,266

 

 

989,064

Total Revenue

 

$

6,670,604

 

$

8,094,368

 

$

5,537,753

 

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 net sales by revenue recognition method as a percentage of total net sales for the year ended December 31, 2019:

 

 

 

 

 

    

% of Total Net Sales

 

Point-in-Time – Output Method

 

90

%

Over Time – Input Method

 

10

%

Total

 

100

%