7. Deferred Revenue (Details Narrative) - USD ($) |
Sep. 30, 2016 |
Dec. 31, 2015 |
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| Deferred Revenue Details Narrative | ||
| Deferred revenue | $ 3,118,730 | $ 958,539 |
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- References No definition available.
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- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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