Go beyond Revenue number, look at recurring revenue
Major components of revenues are as follows: (From M&A)
Three months ended Twelve months ended
December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017
Product sales $ 1,023,228 $ 103,113 $ 2,243,516 $ 775,208
Service fees $57,171 $194,819 $130,669 $589,383
Recurring fees $330,878 $144,939 $ 1,234,491 $322,117
Total: $ 1,411,277 $ 442,871 $ 3,608,676 $ 1,686,708
Some observation:
Service fee revenue is decreasing significantly Q to Q and Y to Y
Recurring revenue Whole year 33% of total. Q4 only 25%
No mention of any large order in Q1 (2019) under subsequent events.