- Definition

The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details

Deferred Revenue - Schedule of Expected Future Amortization of Net Deferred Revenue (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Net deferred revenue	$ 452,024	$ 565,423
2018 [Member]
Net deferred revenue	452,024
2019 [Member]
Net deferred revenue
2020 [Member]
Net deferred revenue
2021 [Member]
Net deferred revenue