SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of activity in contract liabilities - USD ($) |
6 Months Ended | 12 Months Ended |
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Jun. 30, 2020 |
Dec. 31, 2019 |
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Schedule of activity in contract liabilities [Abstract] | ||
Balance at beginning of period | $ 378,850 | $ 20,631 |
Additions | 582,266 | 397,269 |
Transfer to revenue | (717,856) | (39,050) |
Balance at end of period | $ 243,260 | $ 378,850 |
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- References No definition available.
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- Definition Transfer to revenue. No definition available.
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- Definition Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred revenue recognized for transactions arising during the current reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. 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. No definition available.
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