Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition and Contracts with Customers (Tables)

v3.19.1
Revenue Recognition and Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Company's total revenue was comprised of four major product lines The following table summarizes the revenue recognized by major product line:
 
 
 
Three Months Ended

March 31,
 
 
 
2019
 
 
2018
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
Smart Glasses and iWear Video Headphones Sales
 
$
1,278,371
 
 
$
1,212,771
 
OEM Product Sales
 
 
 
 
 
114,170
 
Waveguide and Display Engine Sales
 
 
95,000
 
 
 
36,438
 
Engineering Services
 
 
 
 
 
180,516
 
 
 
 
 
 
 
 
 
 
Total Revenue
 
$
1,373,371
 
 
$
1,543,895
 
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 three months ended March 31, 2019:
 
 
 
% of Total Net Sales
 
Point-in-Time
 
 
100
%
Over Time - Input Method
 
 
%
Total
 
 
100
%