DEFERRED REVENUE (Details Narrative) - USD ($) |
Dec. 31, 2015 |
Dec. 31, 2014 |
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| Deferred Revenue Details Narrative | ||
| Remaining deferred revenue | $ 1,480,286 | $ 1,917,026 |
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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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