ORGANIZATION AND BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2019

ORGANIZATION AND BASIS OF PRESENTATION

Schedule of disaggregation of revenue

The following table presents our revenue disaggregated by type of good or service and sales channel:

	Nine months ended September 30,
	2019		2018
Revenue – Direct	$	5,134,901	$	2,999,738
Revenue – Indirect (Vertical partners)		2,062,835		878,814
Total revenue	$	7,197,736	$	3,878,552

Schedule of deferred revenue, by arrangement

The table below compares the deferred revenue balance as of September 30, 2019 versus December 31, 2018:

	September30,		December 31,
	2019		2018
Deferred revenue	$	4,311,688	$	3,028,787

Schedule of antidilutive securities excluded from computation of earnings Per share

Potentially dilutive securities excluded from the computation of basic and diluted net earnings (loss) per share for the nine months ended September 30, 2019 and 2018 are as follows:

	2019	2018
Preferred stock	292,362	280,389
Options to purchase common stock	903,847	1,025,247
Warrants to purchase common stock	537,321	1,881,041
Restricted stock units	381,359	194,674
Totals	2,114,889	3,381,351

Schedule of fair value, assets and liabilities measured on recurring basis

The following are the Company’s assets measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018:

			Fair Value
	Fair Value		Hierarchy
Assets
Marketable securities, September 30, 2019	$	762	Level 1
Marketable securities, December 31, 2018	$	510	Level 1