Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Aug. 12, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | KIDOZ INC. | |
Entity Central Index Key | 0001318482 | |
Trading Symbol | kidz | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 131,124,989 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Shares |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash | $ 1,115,332 | $ 967,212 |
Accounts receivable, less allowance for doubtful accounts $53,633 (2019 - $53,708) (Note 4) | 1,216,023 | 2,392,778 |
Prepaid expenses | 77,618 | 109,914 |
Total Current Assets | 2,408,973 | 3,469,904 |
Equipment (Note 5) | 22,466 | 27,182 |
Goodwill (Note 7) | 3,301,439 | 3,301,439 |
Intangible assets (Note 6) | 2,529,026 | 2,807,062 |
Long term cash equivalent | 37,206 | 38,412 |
Operating lease right-of-use assets (Note 13) | 114,621 | 134,914 |
Security deposit | 7,373 | 7,727 |
Total Assets | 8,421,104 | 9,786,640 |
Current liabilities: | ||
Accounts payable | 313,539 | 851,866 |
Accrued liabilities | 271,502 | 287,698 |
Accounts payable and accrued liabilities - related party (Note 14) | 44,897 | 112,120 |
Operating lease liabilities - current portion (Note 13) | 25,215 | 25,715 |
Total Current Liabilities | 655,153 | 1,277,399 |
Government CEBA loan (Note 9) | 29,321 | |
Operating lease liabilities - non current portion (Note 13) | 84,222 | 101,900 |
Total Liabilities | 768,696 | 1,379,299 |
Commitments (Note 12) | ||
Stockholders' Equity (Note 10): | ||
Common stock, no par value, unlimited shares authorized, 131,124,989 shares issued and outstanding (December 31, 2019 - 131,124,989) | 48,945,603 | 48,935,213 |
Accumulated deficit | (41,317,775) | (40,552,452) |
Accumulated other comprehensive income: Foreign currency translation adjustment | 24,580 | 24,580 |
Total Stockholders' Equity | 7,652,408 | 8,407,341 |
Total Liabilities and Stockholders' Equity | $ 8,421,104 | $ 9,786,640 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Allowance for doubtful accounts | $ 53,633 | $ 53,708 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued (in shares) | 131,124,989 | 131,124,989 |
Common stock, shares outstanding (in shares) | 131,124,989 | 131,124,989 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Revenue: | ||||
Total revenue | $ 736,827 | $ 818,286 | $ 1,720,806 | $ 1,124,242 |
Total cost of sales | 411,058 | 574,324 | 950,862 | 752,285 |
Gross profit | 325,769 | 243,962 | 769,944 | 371,957 |
Operating expenses: | ||||
Amortization of operating lease right-of-use assets (Note 13) | 13,589 | 24,943 | 28,961 | 37,503 |
Acquisition of subsidiary (Note 3) | (4,835) | 190,228 | ||
Depreciation and amortization (Notes 5 & 6) | 141,421 | 4,811 | 282,752 | 6,559 |
Directors fees | 2,500 | 3,500 | 5,000 | 4,500 |
General and administrative | 106,568 | 174,977 | 249,823 | 280,905 |
Salaries, wages, consultants and benefits | 100,612 | 144,284 | 236,852 | 432,947 |
Selling and marketing | 77,392 | 95,639 | 193,099 | 181,991 |
Stock-based compensation (Note 10) | 9,849 | 4,950 | 10,390 | 9,930 |
Content and software development (Note 8) | 241,130 | 260,361 | 525,853 | 502,258 |
Total operating expenses | 693,061 | 708,630 | 1,532,730 | 1,646,821 |
Loss before other income (expense) and income taxes | (367,292) | (464,668) | (762,786) | (1,274,864) |
Other income (expense): | ||||
Foreign exchange (loss) gain | 5,376 | 65,608 | (3,328) | 49,446 |
Interest and other income | 517 | 764 | 791 | 818 |
Loss before income taxes | (361,399) | (398,296) | (765,323) | (1,224,600) |
Income tax expense | ||||
Loss after tax | (361,399) | (398,296) | (765,323) | (1,224,600) |
Other comprehensive income (loss) | ||||
Comprehensive loss | $ (361,399) | $ (398,296) | $ (765,323) | $ (1,224,600) |
Basic and diluted loss per common share (in dollars per share) | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Weighted average common shares outstanding, basic (in shares) | 131,124,989 | 131,124,989 | 131,124,989 | 111,128,481 |
Weighted average common shares outstanding, diluted (in shares) | 131,124,989 | 131,124,989 | 131,124,989 | 111,128,481 |
Advertising [Member] | ||||
Revenue: | ||||
Total revenue | $ 611,709 | $ 579,052 | $ 1,507,264 | $ 809,914 |
Content [Member] | ||||
Revenue: | ||||
Total revenue | $ 125,118 | $ 239,234 | $ 213,542 | $ 314,328 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock Including Additional Paid in Capital [Member] | Retained Earnings [Member] | Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2018 | 73,674,703 | |||
Balance at Dec. 31, 2018 | $ 26,552,468 | $ (25,898,220) | $ 24,580 | $ 678,828 |
Stock-based compensation | 4,980 | 4,980 | ||
Net loss and comprehensive loss | (826,304) | (826,304) | ||
Balance (in shares) at Mar. 31, 2019 | 131,124,989 | |||
Balance at Mar. 31, 2019 | $ 48,924,303 | (26,724,524) | 24,580 | 22,224,359 |
Acquisition of subsidiary (in shares) | 52,450,286 | |||
Acquisition of subsidiary | $ 20,603,655 | 20,603,655 | ||
Private placement (in shares) | 5,000,000 | |||
Private placement | $ 2,000,000 | 2,000,000 | ||
Share issuance costs | $ (236,800) | (236,800) | ||
Balance (in shares) at Dec. 31, 2018 | 73,674,703 | |||
Balance at Dec. 31, 2018 | $ 26,552,468 | (25,898,220) | 24,580 | 678,828 |
Net loss and comprehensive loss | (1,224,600) | |||
Balance (in shares) at Jun. 30, 2019 | 131,124,989 | |||
Balance at Jun. 30, 2019 | $ 48,929,253 | (27,122,820) | 24,580 | 21,831,013 |
Balance (in shares) at Mar. 31, 2019 | 131,124,989 | |||
Balance at Mar. 31, 2019 | $ 48,924,303 | (26,724,524) | 24,580 | 22,224,359 |
Stock-based compensation | 4,950 | 4,950 | ||
Net loss and comprehensive loss | (398,296) | (398,296) | ||
Balance (in shares) at Jun. 30, 2019 | 131,124,989 | |||
Balance at Jun. 30, 2019 | $ 48,929,253 | (27,122,820) | 24,580 | 21,831,013 |
Balance (in shares) at Dec. 31, 2019 | 131,124,989 | |||
Balance at Dec. 31, 2019 | $ 48,935,213 | (40,552,452) | 24,580 | 8,407,341 |
Stock-based compensation | 541 | 541 | ||
Net loss and comprehensive loss | (403,924) | (403,924) | ||
Balance (in shares) at Mar. 31, 2020 | 131,124,989 | |||
Balance at Mar. 31, 2020 | $ 48,935,754 | (40,956,376) | 24,580 | 8,003,958 |
Balance (in shares) at Dec. 31, 2019 | 131,124,989 | |||
Balance at Dec. 31, 2019 | $ 48,935,213 | (40,552,452) | 24,580 | 8,407,341 |
Net loss and comprehensive loss | (765,323) | |||
Balance (in shares) at Jun. 30, 2020 | 131,124,989 | |||
Balance at Jun. 30, 2020 | $ 48,945,603 | (41,317,775) | 24,580 | 7,652,408 |
Balance (in shares) at Mar. 31, 2020 | 131,124,989 | |||
Balance at Mar. 31, 2020 | $ 48,935,754 | (40,956,376) | 24,580 | 8,003,958 |
Stock-based compensation | 9,849 | 9,849 | ||
Net loss and comprehensive loss | (361,399) | (361,399) | ||
Balance (in shares) at Jun. 30, 2020 | 131,124,989 | |||
Balance at Jun. 30, 2020 | $ 48,945,603 | $ (41,317,775) | $ 24,580 | $ 7,652,408 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Cash flows from operating activities: | |||||||
Net loss | $ (361,399) | $ (403,924) | $ (398,296) | $ (826,304) | $ (765,323) | $ (1,224,600) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||
Depreciation and amortization | 141,421 | 4,811 | 282,752 | 6,559 | |||
Amortization of operating lease right-of-use assets | 13,589 | 24,943 | 28,961 | 37,503 | $ 72,416 | ||
Stock-based compensation | 10,390 | 9,930 | |||||
Changes in operating assets and liabilities: | |||||||
Accounts receivable | 1,176,755 | (83,067) | |||||
Prepaid expenses | 32,296 | (13,861) | |||||
Accounts payable and accrued liabilities | (621,746) | 78,838 | |||||
Net cash provided by (used in) operating activities | 144,085 | (1,188,698) | |||||
Cash flows from investing activities: | |||||||
Acquisition of equipment | (27,007) | ||||||
Acquisition of subsidiary | 183,264 | ||||||
Long-term cash equivalent | 1,206 | ||||||
Payments on right-of-use assets | (8,668) | (28,388) | |||||
Security deposits | 354 | (7,685) | |||||
Net cash (used in) provided by investing activities | (7,108) | 120,184 | |||||
Cash flows from financing activities: | |||||||
Government CEBA loan | 29,321 | ||||||
Private placement, net | 1,763,200 | ||||||
Payments on operating lease liabilities | (18,178) | (9,115) | |||||
Repayment of short-term loan | (278,063) | ||||||
Net cash generated by financing activities | 11,143 | 1,476,022 | |||||
Change in cash | 148,120 | 407,508 | |||||
Cash, beginning of period | $ 967,212 | $ 641,536 | 967,212 | 641,536 | 641,536 | ||
Cash, end of period | $ 1,115,332 | $ 1,049,044 | 1,115,332 | 1,049,044 | $ 967,212 | ||
Supplementary information: | |||||||
Interest paid | (1,363) | ||||||
Income taxes recovery | |||||||
Non-cash investing activity - operating lease right-of-use assets | (158,181) | ||||||
Non-cash investing activity - operating lease liabilities | $ 158,181 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1. The accompanying unaudited financial statements have been prepared by Kidoz Inc. ("the Company") in conformity with accounting principles generally accepted in the United States of America ("US GAAP") applicable to interim financial information and with the rules and regulations of the United States Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed, or omitted, pursuant to such rules and regulations. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments necessary for the fair presentation of the results of the interim periods presented. All adjustments are of a normal recurring nature, except as otherwise noted below. These unaudited interim consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2019, 10 April 22, 2020, not Continuing operations These unaudited interim consolidated financial statements have been prepared on the going concern basis, which presumes the realization of assets and the settlement of liabilities in the normal course of operations. The application of the going concern basis is dependent upon the Company achieving profitable operations to generate sufficient cash flows to fund continued operations, or, in the absence of adequate cash flows from operations, obtaining additional financing. The Company has reported losses from operations for the quarters ended June 30, 2020 2019 $41,317,775 June 30, 2020. In view of the matters described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts and settlement of the liability amounts shown in the accompanying balance sheets is dependent upon continued operations of the Company, which in turn is dependent upon the Company's ability to succeed in its future operations. The financial statements do not Management continues to review operations in order to identify additional strategies designed to generate cash flow, improve the Company's financial position, and enable the timely discharge of the Company's obligations. If management is unable to identify sources of additional cash flow in the short term, it may In March 2020 19 March 2020, not |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Summary of significant accounting policies: (a) Basis of presentation: These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") applicable to annual financial information and with the rules and regulations of the United States Securities and Exchange Commission. The financial statements include the accounts of the Company's subsidiaries: Company Registered % Owned Shoal Media (Canada) Inc. British Columbia, Canada 100% Coral Reef Marketing Inc. Anguilla 100% Kidoz Ltd. Israel 100% Rooplay Media Ltd. British Columbia, Canada 100% Rooplay Media Kenya Limited Kenya 100% Shoal Media Inc. Anguilla 100% Shoal Games (UK) Plc United Kingdom 99% Shoal Media (UK) Ltd. United Kingdom 100% In addition, there are the following dormant subsidiaries; Bingo.com (Antigua) Inc., Bingo.com (Wyoming) Inc., and Bingo Acquisition Corp. During the quarter ended March 31, 2019, 3 All inter-company balances and transactions have been eliminated in the consolidated financial statements. (b) Use of estimates: The preparation of consolidated financial statements in conformity with US GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and recognized revenues and expenses for the reporting periods. Significant areas requiring the use of estimates include the collectability of accounts receivable, stock-based compensation, the valuation of deferred tax assets, the valuation of the acquisition of Kidoz Ltd. and the associated intangible assets, the useful lives of intangible assets, the determination of the fair value of goodwill after impairment, and the estimated interest rate of 12% 4.12% 5% may (c) Revenue recognition: In accordance with ASC 606, We derive substantially all of our revenue from the sale of Ad tech advertising revenue. To achieve this core principle, the Company applied the following five 1 A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party's rights regarding the services to be transferred, whose impression count will form the basis of the revenue and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that are transferred is probable based on the customer's intent and ability to pay the promised consideration. The Company applies judgment in determining the customer's ability and intention to pay, which is based on a variety of factors including the customer's historical payment experience or, in the case of a new customer, published credit and financial information pertaining to the customer. 2 Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third not 3 The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. None 4 If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not 5 The Company satisfies performance obligations at a point in time as discussed in further detail under "Disaggregation of Revenue" below. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised service to a customer. Disaggregation of Revenue All of the Company's performance obligations, and associated revenue, are generally transferred to customers at a point in time. The Company has the following revenue streams: 1 third one The Company has concluded that the delivery of the Ad tech advertising is delivered at a point in time and, as such, has concluded these deliveries are a single performance obligation. The Company invoices fees which are generally variable based on the arrangement, which would typically include the number of impressions delivered at a specified price per application. For impressions delivered, revenue is recognized in the month in which the Company delivers the application to the end consumer. 2 a) Carriers and OEMs - The Company generally offers these services under a customer contract per tablet device license fee model with OEMs. Monthly or quarterly license fees are based on the OEM agreement with the number of devices the Kidoz Kid Mode is installed upon. b) Rooplay - The Company generates revenue through subscriptions or premium sales of Rooplay, (www.rooplay.com) the cloud-based EduGame system for kids to learn and play within its games on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's games through digital storefronts and decide to subscribe to the multiple of educational and fun games in the Rooplay, cloud-based EduGame system or make a premium per purchase of particular games. The revenue is recognized net of platform fees. c) Rooplay licensing - The Company licenses it branded educational games under a monthly cost per game agreement license fee model. Monthly license fees are based on the number of games licensed. d) Trophy Bingo and Garfield Bingo - The Company generates revenue through in-application purchases ("in-app purchases") within its games; Garfield's Bingo (www.garfieldsbingo.com) and Trophy Bingo (www.trophybingo.com) on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's free-to-play games through Facebook Messenger, Android, Amazon and iOS and pay to acquire virtual currency which can be redeemed in the game for power plays. The initial download of the mobile game from the digital storefront does not 606 606. The Company has identified the following performance obligations in these contracts: i. Ongoing game related services such as hosting of game play, storage of customer content, when and if available content updates, maintaining the virtual currency management engine, tracking gameplay statistics, matchmaking as it relates to multiple player gameplay, etc. ii. Obligation to the paying player to continue displaying and providing access to the virtual items within the game. Neither of these obligations are considered distinct since the actual mobile game and the related ongoing services are both required to purchase and benefit from the related virtual items. As such, the Company's performance obligations represent a single combined performance obligation which is to make the game and the ongoing game related services available to the players. The revenue is recognized net of platform fees. The Company also has relationships with certain advertising service providers for advertisements within smartphone games and revenue from these advertising providers is generated through impressions, clickthroughs, banner ads, and offers. Offers are the type of advertisements where the players are rewarded with virtual currency for completing specified actions, such as downloading another application, watching a short video, subscribing to a service or completing a survey. The Company has determined the advertising buyer to be its customer and displaying the advertisements within the mobile games is identified as the single performance obligation. Revenue from advertisements and offers are recognized at the point-in-time the advertisements are displayed in the game or the offer has been completed by the user as the customer simultaneously receives and consumes the benefits provided from these services. (d) Foreign currency: The consolidated financial statements are presented in United States dollars, the functional currency of the Company and its subsidiaries. The Company accounts for foreign currency transactions and translation of foreign currency financial statements under Statement ASC 830, Gains and losses from restatement of foreign currency monetary and non-monetary assets and liabilities are included in operations. Revenues and expenses are translated at the rates of exchange prevailing on the dates such items are recognized in earnings. (e) Software Development Costs: Software development costs incurred in the research and development of new software products and enhancements to existing software products for external use are expensed as incurred until technological feasibility has been established. After technological feasibility is established, any software development costs are capitalized and amortized at the greater of the straight-line basis over the estimated economic life of the related product or the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for the related product. If a determination is made that capitalized amounts are not may December 31, 2019 2018, no June 30, 2020 December 31, 2019, no Total software development costs were $8,256,704 June 30, 2020 ( December 31, 2019 - $7,730,851 (f) Equipment: Equipment is recorded at cost less accumulated depreciation. Depreciation is provided for annually on the declining balance method over the following periods: Equipment and computers 33.3% Furniture and fixtures 20.0% Expenditures for maintenance and repairs are charged to expenses as incurred. Major improvements are capitalized. Gains and losses on disposition of equipment are included in operations as realized. In accordance with ASU No. 2016 02 842 (g) Right of use assets: The Company determines if an agreement is a lease at inception. The Company evaluates the lease terms to determine whether the lease will be accounted for as an operating or finance lease. Operating leases are included in operating lease right-of-use ("ROU") assets, operating lease liabilities, current portion, and operating lease liabilities, net of current portion in the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company leases do not may A lease that transfers substantially all of the benefits and risks incidental to ownership of property are accounted for as finance leases. At the inception of a finance lease, an asset and finance lease obligation is recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property's fair market value. Finance lease obligations are classified as either current or long-term based on the due dates of future minimum lease payments, net of interest. (h) Business Combinations: When the Company acquires a business, the purchase consideration is allocated to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated respective fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require the Company to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not may one may (i) Impairment of long-lived assets and long-lived assets to be disposed of: The Company accounts for long-lived assets in accordance with the provisions of ASC 360, 350, may not If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount and the fair value less costs to sell. The Company identified the following intangible assets in the acquisition of Kidoz Ltd. (Note 3 Amortization period (in years) Ad Tech technology 5 Kidoz OS technology 3 Customer relationship 8 (j) Goodwill : The Company accounts for goodwill in accordance with the provisions of ASC 350, not may not The goodwill impairment test is used to identify both the existence of impairment and the amount of impairment loss, and compares the fair value of a reporting unit with its carrying amount and is based on discounted future cash flows, and a market approach, based on market multiples applied to free cash flow. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of control premiums, discount rates, terminal growth rates, forecasts of revenue and expense growth rates, income tax rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results, exogenous market conditions, or other underlying assumptions could have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. (k) New accounting pronouncements and changes in accounting policy: In June 2016, No. 2016 13, 326 No. 2016 13 December 15, 2019. December 15, 2018. November 2018, 2018 19, 326, 2018 19" 2018 19 not 326 20. 842, April 2019, 2019 04, 326, 815, 825, The guidance requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. The Update also modified the accounting for available-for-sale ("AFS") debt securities, which must be individually assessed for credit losses when fair value is less than the amortized cost basis, in accordance with Subtopic 326 30, The codification improvements in ASU 2019 04 not not 944 326 20, 2016 13 January 1, 2020 2016 13 not In January 2017, 2017 04, 350 2 not The amendments also eliminate the requirements for any reporting unit with a zero 2 December 15, 2019. 2017 04 2017 04 January 1, 2020 2017 04 not In August 2018, No. 2018 13, 840 1, 2 3 December 15, 2019. 2018 13 January 1, 2020 2018 13 not In August 2018, No. 2018 15, 350 40, 2020, may 2018 15 January 1, 2020 2018 15 not In March 2019, No. 2019 01, 842 2019 01" not may 820, December 15, 2019. 2019 01 January 1, 2020 2019 01 not In May 2019, 2019 05, 326 2019 05" 2019 05 326 20, 825 10, 2019 05 December 15, 2019. November 2019, 2019 10 326 815 842 2019 10 326 December 31, 2020. 2019 05 January 1, 2020 2019 05 not In November 2019, 2019 11, 326, No. 2016 13, 326 In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not 2016 13. 2019 11 January 1, 2020 2019 11 not In December 2019, No. 2019 12, 740 740 December 15, 2020, not In January 2020, 2020 01, 321 323 815 321, 323, 815." 2016 01 December 15, 2020, not Effective November 25, 2019, 119. 119 326, 1 2 3 4 There have been no June 30, 2020, (i) Fair values: Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on measurement date. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy: Level 1 Level 2 not Level 3 no When available, we use quoted market prices to determine fair value, and we classify such measurements within Level 1. not 2. not one 3. Fair value measurements are classified according to the lowest level input or value-driver that is significant to the valuation. A measurement may 3 may Fair value measurement includes the consideration of nonperformance risk. Nonperformance risk refers to the risk that an obligation (either by a counterparty) will not 1 2 2 3 The fair value of accounts receivable, accounts payable, accrued liabilities, and accounts payable and accrued liabilities - related party approximate their financial statement carrying amounts due to the short-term maturities of these instruments and are therefore carried at historical cost basis. The government CEBA loan is classified as a financial liability and its fair value was determined using the effective interest rate method, and is carried at amortised cost. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor's carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Fair values determined by Level 3 1 2 3 (ii) Foreign currency risk: The Company operates internationally, which gives rise to the risk that cash flows may not |
Note 3 - Acquisition of Kidoz L
Note 3 - Acquisition of Kidoz Ltd. | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 3. Acquisition of Kidoz Ltd. : During the quarter ended March 31, 2019, 52,450,286 $20,603,655 $130,000 $60,228. February 28, 2019. The acquisition enables the global reach of Kidoz Ltd.'s content network to be combined with the Company's Rooplay subscription OTT platform. This acquisition is accounted for as a business combination. On acquisition of Kidoz Ltd., the Company allocated the purchase price to the fair value of the net assets acquired. The Company has estimated the following assets and liabilities were acquired with the acquisition of Kidoz Ltd. Cash $ 183,264 Accounts receivable 1,417,546 Prepaid expenses 35,179 Equipment 14,873 Accounts payable and accrued liabilities (466,219 ) Short term loan (278,063 ) Deferred tax liability (752,205 ) Intangible assets 3,270,456 Goodwill 17,178,824 $ 20,603,655 |
Note 4 - Accounts Receivable
Note 4 - Accounts Receivable | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Accounts Receivable: The accounts receivable as at June 30, 2020, June 30, 2020 December 31, 2019 Accounts receivable $ 1,269,656 $ 2,446,486 Expected credit losses (53,633 ) (53,708 ) Net accounts receivable $ 1,216,023 $ 2,392,778 The Company had bank accounts with the National Bank of Anguilla. During the year ended December 31, 2016, 11 $27,666 2016 $25,967 |
Note 5 - Equipment
Note 5 - Equipment | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 5. Equipment June 30, 2020 Cost Accumulated depreciation Net book Value Equipment and computers $ 143,333 $ 127,073 $ 16,260 Furniture and fixtures 14,787 8,581 6,206 $ 158,120 $ 135,654 $ 22,466 December 31, 2019 Cost Accumulated depreciation Net book Value Equipment and computers $ 143,333 $ 123,123 $ 20,210 Furniture and fixtures 14,787 7,815 6,972 $ 158,120 $ 130,938 $ 27,182 Depreciation expense was $2,403 June 30, 2019 - $4,811 June 30, 2020. |
Note 6 - Intangible Assets
Note 6 - Intangible Assets | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 6. Intangible assets June 30, 2020 Cost Accumulated depreciation Net book Value Ad Tech technology $ 1,877,415 $ 500,644 $ 1,376,771 Kidoz OS technology 31,006 13,780 17,226 Customer relationship 1,362,035 227,006 1,135,029 $ 3,270,456 $ 741,430 $ 2,529,026 December 31, 2019 Cost Accumulated amortization Net book Value Ad Tech technology $ 1,877,415 $ 312,902 $ 1,564,513 Kidoz OS technology 31,006 8,613 22,393 Customer relationship 1,362,035 141,879 1,220,156 $ 3,270,456 $ 463,394 $ 2,807,062 Amortization expense was $139,018 June 30, 2019 - $nil June 30, 2020. |
Note 7 - Goodwill
Note 7 - Goodwill | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 7. Goodwill The changes in the carrying amount of goodwill for the periods ended June 30, 2020, 2019 June 30, 2020 December 31, 2019 Goodwill, balance at beginning of period $ 3,301,439 $ - Acquisition of Kidoz Ltd. (Note 3) - 17,178,824 Impairment of goodwill - (13,877,385 ) Goodwill, balance at end of period $ 3,301,439 $ 3,301,439 The Company's annual goodwill impairment analysis performed during the fourth 2019 3. December 31, 2019, $13,877,385 |
Note 8 - Content and Software D
Note 8 - Content and Software Development Assets | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 8. Content and software development assets: Since the year ended December 31, 2014, During the period ended June 30, 2020, Six Months ended June 30, 2020 Six Months ended June 30, 2019 Three Months ended June 30, 2020 Three Months ended June 30, 2019 Opening total software development costs $ 7,730,851 $ 6,716,810 $ 8,015,574 $ 6,958,707 Software development during the period 525,853 502,258 241,130 260,361 Closing total Software development costs $ 8,256,704 $ 7,219,068 $ 8,256,704 $ 7,219,068 |
Note 9 - Government CEBA Loan
Note 9 - Government CEBA Loan | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 9. Government CEBA loan During the quarter ended June 30, 2020, $29,321 CAD$40,000 one 19. $7,330 CAD$10,000 $21,991 CAD$30,000 December 31, 2022. December 31, 2022, 3 5%. |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 10. Stockholders' Equity: The holders of common stock are entitled to one no not no (a) Common stock issuances: There have not June 30, 2020. During the period ended March 31, 2019, $2,000,000. 5,000,000 $0.40 $200,000 $36,800. During the period ended March 31, 2019, 52,450,286 $20,603,655 3 (b) Stock option plans: 2015 In the year ended December 31, 2015, 2015 1999, 2001 2005 2015 not 10% 10 2015 10% During the quarter ended June 30, 2020, 2,745,000 CAD$0.45 $0.33 June 30, 2020, 5,875,750 December 31, 2019 - 3,200,750 June 30, 2020, 3,120,450 December 31, 2019 - 3,065,000 2,755,300 December 31, 2019 - 135,750 Number of options Weighted average exercise price Outstanding, December 31, 2019 3,200,750 $ 0.45 Granted 2,745,000 - Exercised - - Cancelled (70,000 ) (0.42 ) Outstanding June 30, 2020 5,875,750 $ 0.45 The aggregate intrinsic value for options as of June 30, 2020 $nil December 31, 2019 - $nil The following table summarizes information concerning outstanding and exercisable stock options at June 30, 2020: Exercise prices per share Number outstanding Number exercisable Expiry date $ 0.33 2,745,000 60,000 June 30, 2025 0.42 620,000 620,000 December 20, 2021 0.42 522,750 452,450 November 8, 2022 0.42 713,000 713,000 June 4, 2023 0.50 1,275,000 1,275,000 June 4, 2023 5,875,750 3,120,450 During the quarter ended June 30, 2020, $9,849 June 30, 2019 - $4,950 $0.26 2019 $0.29 During the six June 30, 2020, $10,390 June 30, 2019 - $9,930 |
Note 11 - Fair Value Measuremen
Note 11 - Fair Value Measurement | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 11. Fair value measurement The following table sets forth the fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis based on the three Level 1 Level 2 Level 3 Total As at June 30, 2020 Assets Cash $ 1,115,332 $ - $ - $ 1,115,332 Long term cash equivalent 37,206 - - 37,206 Total assets measured and recorded at fair value $ 1,152,538 $ - $ - $ 1,152,538 Level 1 Level 2 Level 3 Total As at December 31, 2019 Assets Cash $ 967,212 $ - $ - $ 967,212 Long term cash equivalent 38,412 - - 38,412 Total assets measured and recorded at fair value $ 1,005,624 $ - $ - $ 1,005,624 |
Note 12 - Commitments
Note 12 - Commitments | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 12. Commitments: The Company leases office facilities in Vancouver, British Columbia, Canada, The Valley, Anguilla, British West Indies and Netanya, Israel. These office facilities are leased under operating lease agreements. During the quarter ended March 31, 2019, five April 1, 2019 March 2024. 1,459 2016 02 842 The Netanya, Israel operating lease expired on July 14, 2017 3 12 December 31, 2019, 12 190 The Anguillan operating lease expired on April 1, 2011 3 3 2016 02 842 The minimum lease payments under these operating leases are approximately as follows: 2020 $ 32,172 2021 44,404 2022 45,474 2023 46,543 2024 11,703 The Company paid rent expense totaling $24,827 June 30, 2020 ( June 30, 2019 - $20,065 The Company has a management consulting agreement with T.M. Williams (Row), Inc., an Anguilla incorporated company, and Mr. T. M. Williams. During the year ended December 31, 2014, 2.5% $11,000 $25,000 During the year ended December 31, 2014, 5,000 December 31, 2014, 2.5% $7,500 $25,000 As at June 30, 2020, As at June 30, 2020, no The Company expensed the minimum guarantee payments over the life of the agreement and recognized license expense of $10,121 June 30, 2019 - $18,458 June 30, 2020, $27,003 June 30, 2019 - $27,874 six June 30, 2020. |
Note 13 - Right-of-use Assets
Note 13 - Right-of-use Assets | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 13. Right of Use assets: On January 1, 2019, 842 842 January 1, 2019, not no 5% January 1, 2019. no 12% January 1, 2019. Effective April 1, 2019, $125,474 , 4.12%. There was no We elected the package of practical expedients permitted under the transition guidance within Topic 842, 842. not 12 not may The right-of-use assets are summarized as follows: June 30, 2020 December 31, 2019 Opening balance for the period $ 134,914 $ - Initial recognition of operating lease right-of-use assets - 76,557 Capitalization of operating lease right-of-use assets - 125,474 Capitalization of additional license leases 8,668 5,299 Amortization of operating lease right-of use assets (28,961 ) (72,416 ) Closing balance for the period $ 114,621 $ 134,914 The operating lease as at June 30, 2020, As at June 30, 2020 Operating lease Office lease 2020 $ 15,002 2021 30,806 2022 31,875 2023 32,945 2024 7,553 Total lease payments $ 118,181 Less: Interest (8,744 ) Present value of lease liabilities $ 109,437 June 30, 2020 December 31, 2019 Opening balance for the period $ 127,615 $ - Initial recognition of operating lease liabilities - 81,856 Operating lease liability incurred during the period - 125,474 Payments on operating lease liabilities (18,178 ) (79,715 ) Closing balance for the period 109,437 127,615 Less: current portion (25,215 ) (25,715 ) Operating lease liabilities - non-current portion as at end of period $ 84,222 $ 101,900 |
Note 14 - Related Party Transac
Note 14 - Related Party Transactions | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 14. Related Party Transactions: The Company has a liability of $13,210 December 31, 2019 - $33,000 $28,875 June 30, 2019 - $33,000 The Company has an asset of $nil December 31, 2019 - $9 The Company has a liability of $nil December 31, 2019 - $267 The Company has a liability of $nil December 31, 2019 - $19,779 $nil June 30, 2019 - $19,363 The Company has a liability of $6,672 December 31, 2019 - $22,500 $28,815 June 30, 2019 - $22,500 The Company has a liability of $7,509 December 31, 2019 - $30,974 The Company has a liability of $9,500 December 31, 2019 - $5,500 June 30, 2020, $2,500 June 30, 2019 - $3,500 The Company has a liability of $8,006 December 31, 2019 - $91 $23,502 June 30, 2019 - $37,333 The Company has a liability of $nil December 31, 2019 - $nil $18,916 June 30, 2019 - $27,911 The related party transactions are in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related party. |
Note 15 - Segmented Information
Note 15 - Segmented Information | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 15. Segmented information: Revenue The Company operates in reportable business segments, the sale of Ad tech advertising and content revenue. The Company had the following revenue by geographical region. Six Months ended June 30, 2020 Six Months ended June 30, 2019 Three Months ended June 30, 2020 Three Months ended June 30, 2019 Ad tech advertising revenue Western Europe $ 635,540 $ 119,278 $ 301,100 $ 119,278 North America 814,121 685,982 305,127 455,120 Other 57,603 4,654 5,482 4,654 Total ad tech advertising revenue $ 1,507,264 $ 809,914 $ 611,709 $ 579,052 Content revenue Western Europe $ 53,257 $ 34,686 $ 26,855 $ 32,233 Central, Eastern and Southern Europe 52,996 99,893 20,452 50,496 North America 75,063 125,606 56,432 107,302 Other 32,226 54,143 21,379 49,203 Total content revenue $ 213,542 $ 314,328 $ 125,118 $ 239,234 Total revenue Western Europe $ 688,797 $ 153,964 $ 327,955 $ 151,511 Central, Eastern and Southern Europe 52,996 99,893 20,452 50,496 North America 889,184 811,588 361,559 562,422 Other 89,829 58,797 26,861 53,857 Total revenue $ 1,720,806 $ 1,124,242 $ 736,827 $ 818,286 Equipment The Company's equipment is located as follows: Net Book Value June 30, 2020 December 31, 2019 Anguilla $ 204 $ 245 Canada 9,272 11,061 Israel 11,337 13,892 United Kingdom 1,653 1,984 $ 22,466 $ 27,182 |
Note 16 - Concentrations
Note 16 - Concentrations | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 16. Concentrations: Major customers During the quarter ended June 30, 2020 2019, June 30, 2020, three $266,338, $134,847, $78,218 June 30, 2019 – one $666,054 10% |
Note 17 - Concentrations of Cre
Note 17 - Concentrations of Credit Risk | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Concentration Credit Risk [Text Block] | 17. Concentrations of credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company places its cash with high quality financial institutions and limits the amount of credit exposure with any one The Company currently maintains a substantial portion of its day-to-day operating cash balances at financial institutions. At June 30, 2020, $1,152,538 December 31, 2019 - $1,005,624 $955,173 December 31, 2019 - $661,741 The Company has concentrations of credit risk with respect to accounts receivable, the majority of its account's receivable are concentrated geographically in the United States amongst a small number of customers. As of June 30, 2020, three $477,535, $135,308 $134,847 10% December 31, 2019, one $1,430,646 10% The Company controls credit risk through monitoring procedures and receiving prepayments of cash for services rendered. The Company performs credit evaluations of its customers but generally does not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | (a) Basis of presentation: These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") applicable to annual financial information and with the rules and regulations of the United States Securities and Exchange Commission. The financial statements include the accounts of the Company's subsidiaries: Company Registered % Owned Shoal Media (Canada) Inc. British Columbia, Canada 100% Coral Reef Marketing Inc. Anguilla 100% Kidoz Ltd. Israel 100% Rooplay Media Ltd. British Columbia, Canada 100% Rooplay Media Kenya Limited Kenya 100% Shoal Media Inc. Anguilla 100% Shoal Games (UK) Plc United Kingdom 99% Shoal Media (UK) Ltd. United Kingdom 100% In addition, there are the following dormant subsidiaries; Bingo.com (Antigua) Inc., Bingo.com (Wyoming) Inc., and Bingo Acquisition Corp. During the quarter ended March 31, 2019, 3 All inter-company balances and transactions have been eliminated in the consolidated financial statements. |
Use of Estimates, Policy [Policy Text Block] | (b) Use of estimates: The preparation of consolidated financial statements in conformity with US GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and recognized revenues and expenses for the reporting periods. Significant areas requiring the use of estimates include the collectability of accounts receivable, stock-based compensation, the valuation of deferred tax assets, the valuation of the acquisition of Kidoz Ltd. and the associated intangible assets, the useful lives of intangible assets, the determination of the fair value of goodwill after impairment, and the estimated interest rate of 12% 4.12% 5% may |
Revenue from Contract with Customer [Policy Text Block] | (c) Revenue recognition: In accordance with ASC 606, We derive substantially all of our revenue from the sale of Ad tech advertising revenue. To achieve this core principle, the Company applied the following five 1 A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party's rights regarding the services to be transferred, whose impression count will form the basis of the revenue and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that are transferred is probable based on the customer's intent and ability to pay the promised consideration. The Company applies judgment in determining the customer's ability and intention to pay, which is based on a variety of factors including the customer's historical payment experience or, in the case of a new customer, published credit and financial information pertaining to the customer. 2 Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third not 3 The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. None 4 If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not 5 The Company satisfies performance obligations at a point in time as discussed in further detail under "Disaggregation of Revenue" below. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised service to a customer. Disaggregation of Revenue All of the Company's performance obligations, and associated revenue, are generally transferred to customers at a point in time. The Company has the following revenue streams: 1 third one The Company has concluded that the delivery of the Ad tech advertising is delivered at a point in time and, as such, has concluded these deliveries are a single performance obligation. The Company invoices fees which are generally variable based on the arrangement, which would typically include the number of impressions delivered at a specified price per application. For impressions delivered, revenue is recognized in the month in which the Company delivers the application to the end consumer. 2 a) Carriers and OEMs - The Company generally offers these services under a customer contract per tablet device license fee model with OEMs. Monthly or quarterly license fees are based on the OEM agreement with the number of devices the Kidoz Kid Mode is installed upon. b) Rooplay - The Company generates revenue through subscriptions or premium sales of Rooplay, (www.rooplay.com) the cloud-based EduGame system for kids to learn and play within its games on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's games through digital storefronts and decide to subscribe to the multiple of educational and fun games in the Rooplay, cloud-based EduGame system or make a premium per purchase of particular games. The revenue is recognized net of platform fees. c) Rooplay licensing - The Company licenses it branded educational games under a monthly cost per game agreement license fee model. Monthly license fees are based on the number of games licensed. d) Trophy Bingo and Garfield Bingo - The Company generates revenue through in-application purchases ("in-app purchases") within its games; Garfield's Bingo (www.garfieldsbingo.com) and Trophy Bingo (www.trophybingo.com) on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's free-to-play games through Facebook Messenger, Android, Amazon and iOS and pay to acquire virtual currency which can be redeemed in the game for power plays. The initial download of the mobile game from the digital storefront does not 606 606. The Company has identified the following performance obligations in these contracts: i. Ongoing game related services such as hosting of game play, storage of customer content, when and if available content updates, maintaining the virtual currency management engine, tracking gameplay statistics, matchmaking as it relates to multiple player gameplay, etc. ii. Obligation to the paying player to continue displaying and providing access to the virtual items within the game. Neither of these obligations are considered distinct since the actual mobile game and the related ongoing services are both required to purchase and benefit from the related virtual items. As such, the Company's performance obligations represent a single combined performance obligation which is to make the game and the ongoing game related services available to the players. The revenue is recognized net of platform fees. The Company also has relationships with certain advertising service providers for advertisements within smartphone games and revenue from these advertising providers is generated through impressions, clickthroughs, banner ads, and offers. Offers are the type of advertisements where the players are rewarded with virtual currency for completing specified actions, such as downloading another application, watching a short video, subscribing to a service or completing a survey. The Company has determined the advertising buyer to be its customer and displaying the advertisements within the mobile games is identified as the single performance obligation. Revenue from advertisements and offers are recognized at the point-in-time the advertisements are displayed in the game or the offer has been completed by the user as the customer simultaneously receives and consumes the benefits provided from these services. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | (d) Foreign currency: The consolidated financial statements are presented in United States dollars, the functional currency of the Company and its subsidiaries. The Company accounts for foreign currency transactions and translation of foreign currency financial statements under Statement ASC 830, Gains and losses from restatement of foreign currency monetary and non-monetary assets and liabilities are included in operations. Revenues and expenses are translated at the rates of exchange prevailing on the dates such items are recognized in earnings. |
Internal Use Software, Policy [Policy Text Block] | (e) Software Development Costs: Software development costs incurred in the research and development of new software products and enhancements to existing software products for external use are expensed as incurred until technological feasibility has been established. After technological feasibility is established, any software development costs are capitalized and amortized at the greater of the straight-line basis over the estimated economic life of the related product or the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for the related product. If a determination is made that capitalized amounts are not may December 31, 2019 2018, no June 30, 2020 December 31, 2019, no Total software development costs were $8,256,704 June 30, 2020 ( December 31, 2019 - $7,730,851 |
Property, Plant and Equipment, Policy [Policy Text Block] | (f) Equipment: Equipment is recorded at cost less accumulated depreciation. Depreciation is provided for annually on the declining balance method over the following periods: Equipment and computers 33.3% Furniture and fixtures 20.0% Expenditures for maintenance and repairs are charged to expenses as incurred. Major improvements are capitalized. Gains and losses on disposition of equipment are included in operations as realized. In accordance with ASU No. 2016 02 842 |
Right-of-use Asset, Policy [Policy | (g) Right of use assets: The Company determines if an agreement is a lease at inception. The Company evaluates the lease terms to determine whether the lease will be accounted for as an operating or finance lease. Operating leases are included in operating lease right-of-use ("ROU") assets, operating lease liabilities, current portion, and operating lease liabilities, net of current portion in the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company leases do not may A lease that transfers substantially all of the benefits and risks incidental to ownership of property are accounted for as finance leases. At the inception of a finance lease, an asset and finance lease obligation is recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property's fair market value. Finance lease obligations are classified as either current or long-term based on the due dates of future minimum lease payments, net of interest. |
Business Combinations Policy [Policy Text Block] | (h) Business Combinations: When the Company acquires a business, the purchase consideration is allocated to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated respective fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require the Company to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not may one may |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | (i) Impairment of long-lived assets and long-lived assets to be disposed of: The Company accounts for long-lived assets in accordance with the provisions of ASC 360, 350, may not If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount and the fair value less costs to sell. The Company identified the following intangible assets in the acquisition of Kidoz Ltd. (Note 3 Amortization period (in years) Ad Tech technology 5 Kidoz OS technology 3 Customer relationship 8 |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | (j) Goodwill : The Company accounts for goodwill in accordance with the provisions of ASC 350, not may not The goodwill impairment test is used to identify both the existence of impairment and the amount of impairment loss, and compares the fair value of a reporting unit with its carrying amount and is based on discounted future cash flows, and a market approach, based on market multiples applied to free cash flow. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of control premiums, discount rates, terminal growth rates, forecasts of revenue and expense growth rates, income tax rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results, exogenous market conditions, or other underlying assumptions could have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. |
New Accounting Pronouncements, Policy [Policy Text Block] | (k) New accounting pronouncements and changes in accounting policy: In June 2016, No. 2016 13, 326 No. 2016 13 December 15, 2019. December 15, 2018. November 2018, 2018 19, 326, 2018 19" 2018 19 not 326 20. 842, April 2019, 2019 04, 326, 815, 825, The guidance requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. The Update also modified the accounting for available-for-sale ("AFS") debt securities, which must be individually assessed for credit losses when fair value is less than the amortized cost basis, in accordance with Subtopic 326 30, The codification improvements in ASU 2019 04 not not 944 326 20, 2016 13 January 1, 2020 2016 13 not In January 2017, 2017 04, 350 2 not The amendments also eliminate the requirements for any reporting unit with a zero 2 December 15, 2019. 2017 04 2017 04 January 1, 2020 2017 04 not In August 2018, No. 2018 13, 840 1, 2 3 December 15, 2019. 2018 13 January 1, 2020 2018 13 not In August 2018, No. 2018 15, 350 40, 2020, may 2018 15 January 1, 2020 2018 15 not In March 2019, No. 2019 01, 842 2019 01" not may 820, December 15, 2019. 2019 01 January 1, 2020 2019 01 not In May 2019, 2019 05, 326 2019 05" 2019 05 326 20, 825 10, 2019 05 December 15, 2019. November 2019, 2019 10 326 815 842 2019 10 326 December 31, 2020. 2019 05 January 1, 2020 2019 05 not In November 2019, 2019 11, 326, No. 2016 13, 326 In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not 2016 13. 2019 11 January 1, 2020 2019 11 not In December 2019, No. 2019 12, 740 740 December 15, 2020, not In January 2020, 2020 01, 321 323 815 321, 323, 815." 2016 01 December 15, 2020, not Effective November 25, 2019, 119. 119 326, 1 2 3 4 There have been no June 30, 2020, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | (i) Fair values: Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on measurement date. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy: Level 1 Level 2 not Level 3 no When available, we use quoted market prices to determine fair value, and we classify such measurements within Level 1. not 2. not one 3. Fair value measurements are classified according to the lowest level input or value-driver that is significant to the valuation. A measurement may 3 may Fair value measurement includes the consideration of nonperformance risk. Nonperformance risk refers to the risk that an obligation (either by a counterparty) will not 1 2 2 3 The fair value of accounts receivable, accounts payable, accrued liabilities, and accounts payable and accrued liabilities - related party approximate their financial statement carrying amounts due to the short-term maturities of these instruments and are therefore carried at historical cost basis. The government CEBA loan is classified as a financial liability and its fair value was determined using the effective interest rate method, and is carried at amortised cost. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor's carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Fair values determined by Level 3 1 2 3 (ii) Foreign currency risk: The Company operates internationally, which gives rise to the risk that cash flows may not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Consolidation, Wholly Owned and Less than Wholly Owned Subsidiary, Parent Ownership Interest [Table Text Block] | Company Registered % Owned Shoal Media (Canada) Inc. British Columbia, Canada 100% Coral Reef Marketing Inc. Anguilla 100% Kidoz Ltd. Israel 100% Rooplay Media Ltd. British Columbia, Canada 100% Rooplay Media Kenya Limited Kenya 100% Shoal Media Inc. Anguilla 100% Shoal Games (UK) Plc United Kingdom 99% Shoal Media (UK) Ltd. United Kingdom 100% |
Property, Plant and Equipment, Useful Life [Table Text Block] | Equipment and computers 33.3% Furniture and fixtures 20.0% |
Schedule of Finite-Lived Intangible Assets, Amortization Period [Table Text Block] | Amortization period (in years) Ad Tech technology 5 Kidoz OS technology 3 Customer relationship 8 |
Note 3 - Acquisition of Kidoz_2
Note 3 - Acquisition of Kidoz Ltd. (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash $ 183,264 Accounts receivable 1,417,546 Prepaid expenses 35,179 Equipment 14,873 Accounts payable and accrued liabilities (466,219 ) Short term loan (278,063 ) Deferred tax liability (752,205 ) Intangible assets 3,270,456 Goodwill 17,178,824 $ 20,603,655 |
Note 4 - Accounts Receivable (T
Note 4 - Accounts Receivable (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2020 December 31, 2019 Accounts receivable $ 1,269,656 $ 2,446,486 Expected credit losses (53,633 ) (53,708 ) Net accounts receivable $ 1,216,023 $ 2,392,778 |
Note 5 - Equipment (Tables)
Note 5 - Equipment (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | June 30, 2020 Cost Accumulated depreciation Net book Value Equipment and computers $ 143,333 $ 127,073 $ 16,260 Furniture and fixtures 14,787 8,581 6,206 $ 158,120 $ 135,654 $ 22,466 December 31, 2019 Cost Accumulated depreciation Net book Value Equipment and computers $ 143,333 $ 123,123 $ 20,210 Furniture and fixtures 14,787 7,815 6,972 $ 158,120 $ 130,938 $ 27,182 |
Note 6 - Intangible Assets (Tab
Note 6 - Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | June 30, 2020 Cost Accumulated depreciation Net book Value Ad Tech technology $ 1,877,415 $ 500,644 $ 1,376,771 Kidoz OS technology 31,006 13,780 17,226 Customer relationship 1,362,035 227,006 1,135,029 $ 3,270,456 $ 741,430 $ 2,529,026 December 31, 2019 Cost Accumulated amortization Net book Value Ad Tech technology $ 1,877,415 $ 312,902 $ 1,564,513 Kidoz OS technology 31,006 8,613 22,393 Customer relationship 1,362,035 141,879 1,220,156 $ 3,270,456 $ 463,394 $ 2,807,062 |
Note 7 - Goodwill (Tables)
Note 7 - Goodwill (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | June 30, 2020 December 31, 2019 Goodwill, balance at beginning of period $ 3,301,439 $ - Acquisition of Kidoz Ltd. (Note 3) - 17,178,824 Impairment of goodwill - (13,877,385 ) Goodwill, balance at end of period $ 3,301,439 $ 3,301,439 |
Note 8 - Content and Software_2
Note 8 - Content and Software Development Assets (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Expense of Development Costs [Table Text Block] | Six Months ended June 30, 2020 Six Months ended June 30, 2019 Three Months ended June 30, 2020 Three Months ended June 30, 2019 Opening total software development costs $ 7,730,851 $ 6,716,810 $ 8,015,574 $ 6,958,707 Software development during the period 525,853 502,258 241,130 260,361 Closing total Software development costs $ 8,256,704 $ 7,219,068 $ 8,256,704 $ 7,219,068 |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of options Weighted average exercise price Outstanding, December 31, 2019 3,200,750 $ 0.45 Granted 2,745,000 - Exercised - - Cancelled (70,000 ) (0.42 ) Outstanding June 30, 2020 5,875,750 $ 0.45 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Exercise prices per share Number outstanding Number exercisable Expiry date $ 0.33 2,745,000 60,000 June 30, 2025 0.42 620,000 620,000 December 20, 2021 0.42 522,750 452,450 November 8, 2022 0.42 713,000 713,000 June 4, 2023 0.50 1,275,000 1,275,000 June 4, 2023 5,875,750 3,120,450 |
Note 11 - Fair Value Measurem_2
Note 11 - Fair Value Measurement (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Total As at June 30, 2020 Assets Cash $ 1,115,332 $ - $ - $ 1,115,332 Long term cash equivalent 37,206 - - 37,206 Total assets measured and recorded at fair value $ 1,152,538 $ - $ - $ 1,152,538 Level 1 Level 2 Level 3 Total As at December 31, 2019 Assets Cash $ 967,212 $ - $ - $ 967,212 Long term cash equivalent 38,412 - - 38,412 Total assets measured and recorded at fair value $ 1,005,624 $ - $ - $ 1,005,624 |
Note 12 - Commitments (Tables)
Note 12 - Commitments (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As at June 30, 2020 Operating lease Office lease 2020 $ 15,002 2021 30,806 2022 31,875 2023 32,945 2024 7,553 Total lease payments $ 118,181 Less: Interest (8,744 ) Present value of lease liabilities $ 109,437 |
Lease Commitments [Member] | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | 2020 $ 32,172 2021 44,404 2022 45,474 2023 46,543 2024 11,703 |
Note 13 - Right-of-use Assets (
Note 13 - Right-of-use Assets (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Right-of-use Assets [Table Text Block] | June 30, 2020 December 31, 2019 Opening balance for the period $ 134,914 $ - Initial recognition of operating lease right-of-use assets - 76,557 Capitalization of operating lease right-of-use assets - 125,474 Capitalization of additional license leases 8,668 5,299 Amortization of operating lease right-of use assets (28,961 ) (72,416 ) Closing balance for the period $ 114,621 $ 134,914 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As at June 30, 2020 Operating lease Office lease 2020 $ 15,002 2021 30,806 2022 31,875 2023 32,945 2024 7,553 Total lease payments $ 118,181 Less: Interest (8,744 ) Present value of lease liabilities $ 109,437 |
Schedule of Operating Lease Liability [Table Text Block] | June 30, 2020 December 31, 2019 Opening balance for the period $ 127,615 $ - Initial recognition of operating lease liabilities - 81,856 Operating lease liability incurred during the period - 125,474 Payments on operating lease liabilities (18,178 ) (79,715 ) Closing balance for the period 109,437 127,615 Less: current portion (25,215 ) (25,715 ) Operating lease liabilities - non-current portion as at end of period $ 84,222 $ 101,900 |
Note 15 - Segmented Informati_2
Note 15 - Segmented Information (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Six Months ended June 30, 2020 Six Months ended June 30, 2019 Three Months ended June 30, 2020 Three Months ended June 30, 2019 Ad tech advertising revenue Western Europe $ 635,540 $ 119,278 $ 301,100 $ 119,278 North America 814,121 685,982 305,127 455,120 Other 57,603 4,654 5,482 4,654 Total ad tech advertising revenue $ 1,507,264 $ 809,914 $ 611,709 $ 579,052 Content revenue Western Europe $ 53,257 $ 34,686 $ 26,855 $ 32,233 Central, Eastern and Southern Europe 52,996 99,893 20,452 50,496 North America 75,063 125,606 56,432 107,302 Other 32,226 54,143 21,379 49,203 Total content revenue $ 213,542 $ 314,328 $ 125,118 $ 239,234 Total revenue Western Europe $ 688,797 $ 153,964 $ 327,955 $ 151,511 Central, Eastern and Southern Europe 52,996 99,893 20,452 50,496 North America 889,184 811,588 361,559 562,422 Other 89,829 58,797 26,861 53,857 Total revenue $ 1,720,806 $ 1,124,242 $ 736,827 $ 818,286 |
Long-lived Assets by Geographic Areas [Table Text Block] | Net Book Value June 30, 2020 December 31, 2019 Anguilla $ 204 $ 245 Canada 9,272 11,061 Israel 11,337 13,892 United Kingdom 1,653 1,984 $ 22,466 $ 27,182 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Retained Earnings (Accumulated Deficit), Ending Balance | $ (41,317,775) | $ (40,552,452) |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Capitalized Software Development Costs for Software Sold to Customers | $ 0 | $ 0 | $ 0 | |||
Accumulated Development Costs | $ 8,256,704 | $ 8,015,574 | $ 7,730,851 | $ 7,219,068 | $ 6,958,707 | $ 6,716,810 |
License Right of Use Asset [Member] | ||||||
Lessee, Operating Lease, Discount Rate | 12.00% | |||||
Rental Unit Right of Use Asset [Member] | Minimum [Member] | ||||||
Lessee, Operating Lease, Discount Rate | 4.12% | |||||
Rental Unit Right of Use Asset [Member] | Maximum [Member] | ||||||
Lessee, Operating Lease, Discount Rate | 5.00% |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Subsidiaries (Details) | Jun. 30, 2020 |
Shoal Media (Canada) Inc. [Member] | |
Ownership percentage | 100.00% |
Coral Reef Marketing Inc. [Member] | |
Ownership percentage | 100.00% |
Kidoz [Member] | |
Ownership percentage | 100.00% |
Rooplay Media Ltd. [Member] | |
Ownership percentage | 100.00% |
Rooplay Media Kenya Limited [Member] | |
Ownership percentage | 100.00% |
Shoal Media Inc. [Member] | |
Ownership percentage | 100.00% |
Shoal Games (UK) PLC [Member] | |
Ownership percentage | 99.00% |
Shoal Media (UK) Ltd. [Member] | |
Ownership percentage | 100.00% |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Useful Life of Property, Plant, and Equipment (Details) | 6 Months Ended |
Jun. 30, 2020 | |
Computer Equipment [Member] | |
Property, plant, and equipment, useful life | 33.30% |
Furniture and Fixtures [Member] | |
Property, plant, and equipment, useful life | 20.00% |
Note 2 - Summary of Significa_6
Note 2 - Summary of Significant Accounting Policies - Amortization Period (Details) | 6 Months Ended |
Jun. 30, 2020 | |
Ad Tech Technology [Member] | |
Amortization period (Year) | 5 years |
Kidoz OS Technology [Member] | |
Amortization period (Year) | 3 years |
Customer Relationships [Member] | |
Amortization period (Year) | 8 years |
Note 3 - Acquisition of Kidoz_3
Note 3 - Acquisition of Kidoz Ltd. (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Business Combination, Acquisition Related Costs | $ (4,835) | $ 190,228 | |||
Kidoz [Member] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 52,450,286 | ||||
Business Combination, Consideration Transferred, Total | $ 20,603,655 | ||||
Business Combination, Acquisition Related Costs | 130,000 | ||||
Payments of Stock Issuance Costs | $ 60,228 |
Note 3 - Acquisition of Kidoz_4
Note 3 - Acquisition of Kidoz Ltd. - Assets and Liabilities Acquired (Details) - USD ($) | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Goodwill | $ 3,301,439 | $ 3,301,439 | ||
Kidoz [Member] | ||||
Cash | $ 183,264 | |||
Accounts receivable | 1,417,546 | |||
Prepaid expenses | 35,179 | |||
Equipment | 14,873 | |||
Accounts payable and accrued liabilities | (466,219) | |||
Short term loan | (278,063) | |||
Deferred tax liability | (752,205) | |||
Intangible assets | 3,270,456 | |||
Goodwill | 17,178,824 | |||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total | $ 20,603,655 |
Note 4 - Accounts Receivable (D
Note 4 - Accounts Receivable (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2016 | |
Accounts Receivable, Credit Loss Expense (Reversal) | $ 25,967 | $ 27,666 |
Note 4 - Accounts Receivable -
Note 4 - Accounts Receivable - Accounts Receivable (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Accounts receivable | $ 1,269,656 | $ 2,446,486 |
Expected credit losses | (53,633) | (53,708) |
Net accounts receivable | $ 1,216,023 | $ 2,392,778 |
Note 5 - Equipment (Details Tex
Note 5 - Equipment (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Depreciation, Total | $ 2,403 | $ 4,811 |
Note 5 - Equipment - Property,
Note 5 - Equipment - Property, Plant, and Equipment (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Cost | $ 158,120 | $ 158,120 |
Accumulated depreciation | 135,654 | 130,938 |
Net Book Value | 22,466 | 27,182 |
Equipment and Computers [Member] | ||
Cost | 143,333 | 143,333 |
Accumulated depreciation | 127,073 | 123,123 |
Net Book Value | 16,260 | 20,210 |
Furniture and Fixtures [Member] | ||
Cost | 14,787 | 14,787 |
Accumulated depreciation | 8,581 | 7,815 |
Net Book Value | $ 6,206 | $ 6,972 |
Note 6 - Intangible Assets (Det
Note 6 - Intangible Assets (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Amortization of Intangible Assets, Total | $ 139,018 | $ 0 |
Note 6 - Intangible Assets - In
Note 6 - Intangible Assets - Intangible Assets (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Cost | $ 3,270,456 | $ 3,270,456 |
Accumulated amortization | 741,430 | 463,394 |
Net book value | 2,529,026 | 2,807,062 |
Ad Tech Technology [Member] | ||
Cost | 1,877,415 | 1,877,415 |
Accumulated amortization | 500,644 | 312,902 |
Net book value | 1,376,771 | 1,564,513 |
Kidoz OS Technology [Member] | ||
Cost | 31,006 | 31,006 |
Accumulated amortization | 13,780 | 8,613 |
Net book value | 17,226 | 22,393 |
Customer Relationships [Member] | ||
Cost | 1,362,035 | 1,362,035 |
Accumulated amortization | 227,006 | 141,879 |
Net book value | $ 1,135,029 | $ 1,220,156 |
Note 7 - Goodwill (Details Text
Note 7 - Goodwill (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Goodwill, Impairment Loss | $ 13,877,385 |
Note 7 - Goodwill - Carrying Am
Note 7 - Goodwill - Carrying Amount of Goodwill (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Goodwill, balance at beginning of period | $ 3,301,439 | |
Acquisition of Kidoz Ltd. (Note 3) | 17,178,824 | |
Impairment of goodwill | (13,877,385) | |
Goodwill, balance at end of period | $ 3,301,439 | $ 3,301,439 |
Note 8 - Content and Software_3
Note 8 - Content and Software Development Assets - Development Costs (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Opening total software development costs | $ 8,015,574 | $ 6,958,707 | $ 7,730,851 | $ 6,716,810 |
Software development during the period | 241,130 | 260,361 | 525,853 | 502,258 |
Closing total Software development costs | $ 8,256,704 | $ 7,219,068 | $ 8,256,704 | $ 7,219,068 |
Note 9 - Government CEBA Loan (
Note 9 - Government CEBA Loan (Details Textual) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020USD ($) | Jun. 30, 2020CAD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2020CAD ($) | |
Proceeds from Issuance of Long-term Debt, Total | $ 29,321 | ||||
Canada Emergency Business Account Loan Program [Member] | |||||
Proceeds from Issuance of Long-term Debt, Total | $ 29,321 | $ 40,000 | |||
Debt Instrument, Loan Portion Eligible for Forgiveness | 7,330 | 7,330 | $ 10,000 | ||
Debt Instrument, Loan Portion to Be Repaid for Loan Forgiveness Eligibility | $ 21,991 | $ 21,991 | $ 30,000 |
Note 10 - Stockholders' Equit_2
Note 10 - Stockholders' Equity (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2020USD ($)$ / shares$ / sharesshares | Jun. 30, 2020USD ($)$ / sharesshares | Jun. 30, 2019USD ($)$ / shares | Mar. 31, 2019USD ($)$ / sharesshares | Jun. 30, 2020USD ($)$ / sharesshares | Jun. 30, 2019USD ($) | Dec. 31, 2015 | Dec. 31, 2019USD ($)$ / sharesshares | |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares | $ 0 | |||||||
Common Stock, No Par Value (in dollars per share) | $ / shares | $ 0 | $ 0 | $ 0 | $ 0 | ||||
Stock Issued During Period, Value, New Issues | $ 2,000,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares | 2,745,000 | |||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | $ / shares | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | shares | 5,875,750 | 5,875,750 | 5,875,750 | 3,200,750 | ||||
Share-based Payment Arrangement, Expense | $ 9,849 | $ 4,950 | $ 10,390 | $ 9,930 | ||||
2015 Stock Option Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum | 10.00% | |||||||
Common Stock, Capital Shares Reserved for Future Issuance, Percentage | 10.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares | 2,745,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Fully Vested, Outstanding, Number (in shares) | shares | 3,120,450 | 3,120,450 | 3,120,450 | 3,065,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Number (in shares) | shares | 2,755,300 | 2,755,300 | 2,755,300 | 135,750 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 0 | $ 0 | $ 0 | $ 0 | ||||
Share-based Payment Arrangement, Expense | $ 9,849 | $ 4,950 | $ 10,390 | $ 9,930 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 0.26 | $ 0.29 | ||||||
2015 Stock Option Plan [Member] | Employee Stock Options 1 [Member] | ||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | (per share) | $ 0.45 | $ 0.33 | ||||||
2015 Stock Option Plan [Member] | Maximum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||
Kidoz [Member] | ||||||||
Payments of Stock Issuance Costs | $ 60,228 | |||||||
Stock Issued During Period, Shares, Acquisitions (in shares) | shares | 52,450,286 | |||||||
Business Combination, Consideration Transferred, Total | $ 20,603,655 | |||||||
Private Placement [Member] | ||||||||
Stock Issued During Period, Value, New Issues | $ 2,000,000 | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 5,000,000 | |||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 0.40 | |||||||
Private Placement [Member] | Commission Fees [Member] | ||||||||
Payments of Stock Issuance Costs | $ 200,000 | |||||||
Private Placement [Member] | Other Stock Issuance Fees [Member] | ||||||||
Payments of Stock Issuance Costs | $ 36,800 |
Note 10 - Stockholders' Equit_3
Note 10 - Stockholders' Equity - Stock Option Activity (Details) | 6 Months Ended |
Jun. 30, 2020$ / sharesshares | |
Outstanding, number of options, balance (in shares) | shares | 3,200,750 |
Outstanding, weighted average exercise price, balance (in dollars per share) | $ / shares | $ 0.45 |
Granted, number of options (in shares) | shares | 2,745,000 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | $ / shares | |
Exercised, number of options (in shares) | shares | |
Exercised, weighted average exercise price (in dollars per share) | $ / shares | |
Cancelled, number of options (in shares) | shares | (70,000) |
Cancelled, weighted average exercise price (in dollars per share) | $ / shares | $ (0.42) |
Outstanding, number of options, balance (in shares) | shares | 5,875,750 |
Outstanding, weighted average exercise price, balance (in dollars per share) | $ / shares | $ 0.45 |
Note 10 - Stockholders' Equit_4
Note 10 - Stockholders' Equity - Summary of Information Concerning Outstanding and Exercisable Stock Options (Details) | 6 Months Ended |
Jun. 30, 2020$ / sharesshares | |
Number of outstanding (in shares) | 5,875,750 |
Number of exercisable (in shares) | 3,120,450 |
Range 1 [Member] | |
0.Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.33 |
Number of outstanding (in shares) | 2,745,000 |
Number of exercisable (in shares) | 60,000 |
Expiry date | Jun. 30, 2025 |
Range 2 [Member] | |
0.Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.42 |
Number of outstanding (in shares) | 620,000 |
Number of exercisable (in shares) | 620,000 |
Expiry date | Dec. 20, 2021 |
Range 3 [Member] | |
0.Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.42 |
Number of outstanding (in shares) | 522,750 |
Number of exercisable (in shares) | 452,450 |
Expiry date | Nov. 8, 2022 |
Range 4 [Member] | |
0.Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.42 |
Number of outstanding (in shares) | 713,000 |
Number of exercisable (in shares) | 713,000 |
Expiry date | Jun. 4, 2023 |
Range 5 [Member] | |
0.Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.50 |
Number of outstanding (in shares) | 1,275,000 |
Number of exercisable (in shares) | 1,275,000 |
Expiry date | Jun. 4, 2023 |
Note 11 - Fair Value Measurem_3
Note 11 - Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Total assets measured and recorded at fair value | $ 1,152,538 | $ 1,005,624 |
Fair Value, Inputs, Level 1 [Member] | ||
Total assets measured and recorded at fair value | 1,152,538 | 1,005,624 |
Fair Value, Inputs, Level 2 [Member] | ||
Total assets measured and recorded at fair value | ||
Fair Value, Inputs, Level 3 [Member] | ||
Total assets measured and recorded at fair value | ||
Cash [Member] | ||
Cash and cash equivalents | 1,115,332 | 967,212 |
Cash [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 1,115,332 | 967,212 |
Cash [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Cash [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Long-term Cash [Member] | ||
Cash and cash equivalents | 37,206 | 38,412 |
Long-term Cash [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 37,206 | 38,412 |
Long-term Cash [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Long-term Cash [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents |
Note 12 - Commitments (Details
Note 12 - Commitments (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2014GBP (£) | Dec. 31, 2019m² | Mar. 31, 2019ft² | |
Operating Lease, Expense | $ 24,827 | $ 20,065 | ||||||
Royalty Expense | $ 10,121 | $ 18,458 | $ 27,003 | $ 27,874 | ||||
Executive Chairman [Member] | ||||||||
Consulting Agreement, Monthly Payment, Percentage | 2.50% | 2.50% | ||||||
Executive Chairman [Member] | Minimum [Member] | ||||||||
Consulting Agreement, Monthly Payment | $ 11,000 | |||||||
Executive Chairman [Member] | Maximum [Member] | ||||||||
Consulting Agreement, Monthly Payment | $ 25,000 | |||||||
Chief Executive Officer [Member] | ||||||||
Consulting Agreement, Monthly Payment, Percentage | 2.50% | 2.50% | ||||||
Consulting Agreement, Monthly Payment | £ | £ 5,000 | |||||||
Chief Executive Officer [Member] | Minimum [Member] | ||||||||
Consulting Agreement, Monthly Payment | $ 7,500 | |||||||
Chief Executive Officer [Member] | Maximum [Member] | ||||||||
Consulting Agreement, Monthly Payment | $ 25,000 | |||||||
Facility in Vancouver, Canada [Member] | ||||||||
Lessee, Operating Lease, Term of Contract (Year) | 5 years | |||||||
Lessee, Operating Lease, Area of Property (Square Foot) | ft² | 1,459 | |||||||
Netanya, Israel Lease [Member] | ||||||||
Lessee, Operating Lease, Term of Contract (Year) | 1 year | |||||||
Lessee, Operating Lease, Area of Property (Square Foot) | m² | 190 |
Note 12 - Commitments - Minimum
Note 12 - Commitments - Minimum Lease Payments for Lease (Details) - Lease Commitments [Member] | Jun. 30, 2020USD ($) |
2020 | $ 32,172 |
2021 | 44,404 |
2022 | 45,474 |
2023 | 46,543 |
2024 | $ 11,703 |
Note 13 - Right-of-use Assets_2
Note 13 - Right-of-use Assets (Details Textual) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 | Apr. 01, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Operating Lease, Right-of-Use Asset | $ 114,621 | $ 134,914 | |||
Operating Lease, Liability, Total | $ 109,437 | $ 127,615 | |||
Anguilla Office Operating Lease Agreement [Member] | |||||
Lessee, Operating Lease, Discount Rate | 5.00% | ||||
Operating Lease, License Agreement [Member] | |||||
Lessee, Operating Lease, Discount Rate | 12.00% | ||||
Facility in Vancouver, Canada [Member] | |||||
Lessee, Operating Lease, Discount Rate | 4.12% | ||||
Operating Lease, Right-of-Use Asset | $ 125,474 | ||||
Operating Lease, Liability, Total | $ 125,474 |
Note 13 - Right-of-use Assets -
Note 13 - Right-of-use Assets - Right-of-use Assets (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Operating lease right-of-use assets | $ 134,914 | ||||
Initial recognition of operating lease right-of-use assets | 76,557 | ||||
Capitalization of operating lease right-of-use assets | 125,474 | ||||
Amortization of operating lease right-of use assets | $ (13,589) | $ (24,943) | (28,961) | $ (37,503) | (72,416) |
Operating lease right-of-use assets | $ 114,621 | 114,621 | 134,914 | ||
Facility in Vancouver, Canada [Member] | |||||
Capitalization of operating lease right-of-use assets | 125,474 | ||||
Operating Lease, License Agreement [Member] | |||||
Capitalization of operating lease right-of-use assets | $ 8,668 | $ 5,299 |
Note 13 - Right-of-use Assets_3
Note 13 - Right-of-use Assets - Operating Lease (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Present value of lease liabilities | $ 109,437 | $ 127,615 | |
Operating Lease, Office Lease [Member] | |||
2020 | 15,002 | ||
2021 | 30,806 | ||
2022 | 31,875 | ||
2023 | 32,945 | ||
2024 | 7,553 | ||
Total lease payments | 118,181 | ||
Less: Interest | (8,744) | ||
Present value of lease liabilities | $ 109,437 |
Note 13 - Right-of-use Assets_4
Note 13 - Right-of-use Assets - Operating Lease Liability (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Operating lease liabilities | $ 127,615 | |
Initial recognition of operating lease liabilities | 81,856 | |
Capitalization of operating lease right-of-use assets | 125,474 | |
Payments on operating lease liabilities | (18,178) | (79,715) |
Operating lease liabilities | 109,437 | 127,615 |
Less: current portion | (25,215) | (25,715) |
Operating lease liabilities - non current portion (Note 13) | $ 84,222 | $ 101,900 |
Note 14 - Related Party Trans_2
Note 14 - Related Party Transactions (Details Textual) - USD ($) | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Director and Officer 1 [Member] | |||
Due to Related Parties, Total | $ 13,210 | $ 33,000 | |
Payment for Directors Fees | 28,875 | $ 33,000 | |
Director and Officer 2 [Member] | |||
Due to Related Parties, Total | 0 | 9 | |
Director and Officer 3 [Member] | |||
Due to Related Parties, Total | 0 | 267 | |
Director and Officer 4 [Member] | |||
Due to Related Parties, Total | 19,779 | ||
Payment for Directors Fees | 19,363 | ||
Director and Officer 5 [Member] | |||
Due to Related Parties, Total | 6,672 | 22,500 | |
Payment for Directors Fees | 28,815 | 22,500 | |
Director and Officer 6 [Member] | |||
Due to Related Parties, Total | 7,509 | 30,974 | |
Independent Director [Member] | |||
Due to Related Parties, Total | 9,500 | 5,500 | |
Payment for Directors Fees | 2,500 | 3,500 | |
Officer [Member] | |||
Due to Related Parties, Total | 8,006 | 91 | |
Payment for Directors Fees | 23,502 | 37,333 | |
Officer 2 [Member] | |||
Payment for Directors Fees | 18,916 | $ 27,911 | |
Due from Related Parties, Total | $ 0 | $ 0 |
Note 15 - Segmented Informati_3
Note 15 - Segmented Information - Revenue by Geographical Region (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Total revenue | $ 736,827 | $ 818,286 | $ 1,720,806 | $ 1,124,242 |
Western Europe [Member] | ||||
Total revenue | 327,955 | 151,511 | 688,797 | 153,964 |
North America [Member] | ||||
Total revenue | 361,559 | 562,422 | 889,184 | 811,588 |
Others [Member] | ||||
Total revenue | 26,861 | 53,857 | 89,829 | 58,797 |
Central Eastern and Southern Europe [Member] | ||||
Total revenue | 20,452 | 50,496 | 52,996 | 99,893 |
Advertising [Member] | ||||
Total revenue | 611,709 | 579,052 | 1,507,264 | 809,914 |
Advertising [Member] | Western Europe [Member] | ||||
Total revenue | 301,100 | 119,278 | 635,540 | 119,278 |
Advertising [Member] | North America [Member] | ||||
Total revenue | 305,127 | 455,120 | 814,121 | 685,982 |
Advertising [Member] | Others [Member] | ||||
Total revenue | 5,482 | 4,654 | 57,603 | 4,654 |
Content [Member] | ||||
Total revenue | 125,118 | 239,234 | 213,542 | 314,328 |
Content [Member] | Western Europe [Member] | ||||
Total revenue | 26,855 | 32,233 | 53,257 | 34,686 |
Content [Member] | North America [Member] | ||||
Total revenue | 56,432 | 107,302 | 75,063 | 125,606 |
Content [Member] | Others [Member] | ||||
Total revenue | 21,379 | 49,203 | 32,226 | 54,143 |
Content [Member] | Central Eastern and Southern Europe [Member] | ||||
Total revenue | $ 20,452 | $ 50,496 | $ 52,996 | $ 99,893 |
Note 15 - Segmented Informati_4
Note 15 - Segmented Information - Equipment by Location (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Net Book Value | $ 22,466 | $ 27,182 |
ANGUILLA | ||
Net Book Value | 204 | 245 |
CANADA | ||
Net Book Value | 9,272 | 11,061 |
ISRAEL | ||
Net Book Value | 11,337 | 13,892 |
UNITED KINGDOM | ||
Net Book Value | $ 1,653 | $ 1,984 |
Note 16 - Concentrations (Detai
Note 16 - Concentrations (Details Textual) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | |
Revenue from Contract with Customer, Including Assessed Tax | $ 736,827 | $ 818,286 | $ 1,720,806 | $ 1,124,242 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | ||||
Number of Major Customers | 3 | 1 | ||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer One [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 266,338 | $ 666,054 | ||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer Two [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 134,847 | |||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer Three [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 78,218 |
Note 17 - Concentrations of C_2
Note 17 - Concentrations of Credit Risk (Details Textual) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) | |
Cash and Cash Equivalents, Including Long-term Cash Equivalents | $ 1,152,538 | $ 1,005,624 |
Cash, Uninsured Amount | $ 955,173 | $ 661,741 |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||
Number of Major Customers | 3 | 1 |
Accounts Receivable, after Allowance for Credit Loss, Total | $ 1,430,646 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer One [Member] | ||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 477,535 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Two [Member] | ||
Accounts Receivable, after Allowance for Credit Loss, Total | 135,308 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Three [Member] | ||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 134,847 |