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Organization and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenues

Under ASC 606, disaggregated revenue from contracts with customers depicts the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. The Company has evaluated revenues recognized and the following table illustrates the disaggregation disclosure by customer’s location and performance obligation.

 

    Year ended December 31,  
    2018     2017  
    Domestic     International     Total     Domestic     International     Total  
Simulators and accessories   $ 12,562,982     $ 2,018,828     $ 14,581,810     $ 11,006,489     $ 2,502,075     $ 13,508,564  
Extended service-type warranties     1,719,347       176,730       1,896,077       1,530,964       211,692       1,742,656  
Customized software     485,409       11,940       497,349       489,671       182,200       671,871  
Installation and training     400,916       146,761       547,677       299,793       11,394       311,187  
Licensing and royalties     557,213       -       557,213       289,947       -       289,947  
Total Revenue   $ 15,725,867     $ 2,354,259     $ 18,080,126     $ 13,616,864     $ 2,907,361     $ 16,524,225  

Schedule of Estimated Useful Life of Property and Equipment

Computer equipment   3-5 years
Furniture and office equipment   5-7 years
Machinery and equipment   5-7 years
Leasehold improvements   7 years

Schedule of Fair Value of Assumptions Used

    Year Ended
December 31, 2017
 
Expected dividend yield     0%  
Expected volatility     95% to 147%  
Risk-free interest rate     1-2%  
Expected term     7 years  
Weighted average grant date fair value     $1.94  

Schedule of Earnings Per Share

Earnings per share computations are as follows:

 

    Year Ended December 31,  
    2018     2017  
Net income   $ 818,092     $ 3,262,282  
                 
Weighted average common stock outstanding     7,903,801       7,919,568  
Incremental shares from stock options     350,575       282,324  
Incremental shares from warrants     -       195,485  
                 
Weighted average common stock outstanding - diluted     8,254,376       8,397,377  
                 
Net income per common share and common equivalent shares                
Basic   $ 0.10     $ 0.41  
Diluted   $ 0.10     $ 0.39