Deferred revenue |
6 Months Ended |
|---|---|
Jun. 30, 2015 | |
| Deferred revenue {2} | |
| Deferred revenue |
Note 14 - Deferred revenue
Deferred revenue represents revenue for which the Company has not yet performed services for which it has received payment. At June 30, 2015, the Company had unearned revenue relating to a twelve month consulting contract in the amount of $77,422 and other unearned revenue of $1,542. There was no unearned revenue at June 30, 2014. |
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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