Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition and Contracts with Customers (Tables)

v3.20.2
Revenue Recognition and Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2020
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, 

    

2020

    

2019

    

2020

    

2019

Revenues

 

  

 

  

 

  

 

  

Smart Glasses Sales

$

2,335,189

$

835,847

$

3,706,699

$

2,114,218

OEM Product Sales

 

 

951,570

 

 

951,570

Waveguide and Display Engine Sales

 

 

47,498

 

 

142,498

Engineering Services

 

701,654

 

350,946

 

861,860

 

350,946

Total Revenue

$

3,036,843

$

2,185,861

$

4,568,559

$

3,559,232

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 six months ended June 30, 2020:

    

% of Total Net Sales

 

Point-in-Time

 

77

%

Over Time – Input Method

 

23

%

Total

 

100

%