7. Deferred Revenue (Details Narrative) - USD ($) |
Mar. 31, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Deferred revenue | $ 4,826,351 | $ 3,106,608 |
| Future Royalty [Member] | ||
| Deferred revenue | 2,000,000 | $ 2,000,000 |
| Distribution Rights [Member] | ||
| Deferred revenue | $ 1,489,583 |
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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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