Supplemental Disclosure of Non-cash Activity
|3 Months Ended|
Mar. 31, 2021
|Supplemental Cash Flow Information [Abstract]|
|Supplemental Disclosure of Non-cash Activity||
Supplemental disclosure of non-cash activity:
As of March 31, 2021, accounts payable include property and equipment purchases of $36,618. As of December 31, 2020, accounts payable and accrued expenses include property and equipment purchases of $126,239, and $163,434, respectively.
In connection with the Company’s reacquisition and termination of regional developer rights during the three months ended March 31, 2021, the Company had deferred revenue of $35,679 representing fees collected upon the execution of the regional developer agreement. The Company netted this amount against the aggregate purchase price.As of March 31, 2021, the Company had $49,360 of proceeds from the exercise of stock options included in accounts receivable.
The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef