Deferred Revenue

12 Months Ended

Dec. 31, 2016

Deferred Revenue Disclosure [Abstract]

Deferred Revenue

NOTE 13 – DEFERRED REVENUE

Deferred revenue consists of prepaid third party hardware service agreements, software maintenance service contracts and the related costs and expenses recorded net of the revenue charged to the customer and paid within normal business terms. The net amount recorded as a deferred revenue liability is being amortized into the results of operations over the related periods on a straight line basis, normally 1-5 years with 3 years being the average term.

	2016			2015
Deferred Revenue	$	8,721,725		$	7,332,218
Less Deferred Costs & Expenses		(7,277,275	)		(6,113,027	)
Net Deferred Revenue		1,444,449			1,219,191
Less Current Portion		(879,026	)		(685,317	)
Total Long Term net Deferred Revenue	$	565,423		$	533,874
Expected future amortization of net deferred revenue, are as follows;
2017				$	180,935
2018					141,356
2019					124,393
2020					118,739
Total				$	565,423