Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition and Contracts with Customers (Tables)

v3.20.1
Revenue Recognition and Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2020
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:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 

 

    

2020

    

2019

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

Smart Glasses Sales

 

$

1,371,509

 

$

1,278,371

Waveguide and Display Engine Sales

 

 

 —

 

 

95,000

Engineering Services

 

 

160,206

 

 

 

 

 

 

 

 

 

Total Revenue

 

$

1,531,715

 

$

1,373,371

 

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 three months ended March 31, 2020:

 

 

 

 

 

 

    

% of Total Net Sales

 

Point-in-Time

 

90

%

Over Time - Input Method

 

10

%

Total

 

100

%