ORGANIZATION AND BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 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:

	Six months ended June 30,
	2019		2018
Revenue – Direct	$	3,287,570	$	1,928,447
Revenue – Indirect (Strategic partners)		1,133,730		455,792
Total revenue	$	4,421,300	$	2,384,239

Schedule of deferred revenue, by arrangement

There were significant changes in contract liabilities balances during the six months ended June 30, 2019. The table below summarizes the activity within the deferred revenue accounts during the six months ended June 30, 2019:

	December 31,		Cash		Revenue		June 30,
	2018		received		recognized		2019
Deferred revenue	$	3,028,787	$	3,414,210	$	3,266,346	$	3,176,651

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 six months ended June 30, 2019 and 2018 are as follows:

	2019	2018
Preferred stock	289,344	277,371
Options to purchase common stock	954,602	1,062,609
Warrants to purchase common stock	1,648,159	1,766,122
Restricted stock units	222,514	194,672
Totals	3,114,619	3,300,774

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 June 30, 2019 and December 31, 2018:

			Fair Value
	Fair Value		Hierarchy
Assets
Marketable securities, June 30, 2019	$	306	Level 1
Marketable securities, December 31, 2018	$	510	Level 1