Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

v3.20.1
REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
Summary of changes in contract assets and liabilities for the years ended December 31, 2019 and 2018:

 
2019
 
2018
Contract assets
 
 
 
Contract assets, beginning
$
36,000

 
$
67,000

Contract assets at beginning of year transferred to accounts receivable
(36,000
)
 
(43,000
)
Reversal of contract assets due to changes in transaction price
(8,000
)
 
(24,000
)
Contract assets recorded on contracts during the period
8,000

 
36,000

Contract assets, ending
$

 
$
36,000

 
 
 
 
Contract liabilities
 
 
 
Contract liabilities, beginning
$
271,000

 
$
146,000

Recognition of revenue included in beginning of year contract liabilities
(209,000
)
 
(138,000
)
Contract liabilities, net of revenue recognized on contracts during the period
1,669,000

 
263,000

Contract liabilities, ending
$
1,731,000

 
$
271,000

Disaggregation of Revenue
The following table presents our disaggregated revenue by geographic region:

 
 
2019
 
2018
Revenue by geographic region:
 
 
 
 
United States
 
$
735,000

 
$
447,000

Switzerland
 

 
77,000

Total revenue
 
$
735,000

 
$
524,000