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REVENUE (Tables)
6 Months Ended
Jun. 30, 2018
REVENUE [Abstract]  
Summary of Contract Liabilities



 

 

 

 

 

 



 

June 30,

 

December 31,

 

June 30,



 

2018

 

2017

 

2017

Contract liabilities

$

8,633,764 

$

 -

$

 -



Significant Changes in Contract Liabilities



 

 



 

Contract liabilities

Balance, December 31, 2017

 

 -

Non-cancelable contracts with customers recognized as a result of ASC 606 adoption

$

9,394,130 

Non-cancelable contracts with customers entered into during the period

 

9,926,280 

Revenue recognized related to non-cancelable contracts with customers during the period

 

(10,686,646)

Balance, June 30, 2018

$

8,633,764