XML 44 R31.htm IDEA: XBRL DOCUMENT v3.24.1.u1
REVENUES AND CONTRACT ACCOUNTING (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of contract assets on uncompleted contracts
        
   2023   2022 
Cumulative revenues recognized  $8,820,256   $5,934,205 
Less: Billings or cash received   (8,178,309)   (5,508,483)
Contract Assets  $641,947   $425,722 
Schedule of contract liabilities on uncompleted contracts
        
   2023   2022 
Billings and/or cash receipts on uncompleted contracts  $1,264,658   $4,355,470 
Less: Cumulative revenues   (199,976)   (4,144,018)
Contract liabilities, technology systems  $1,064,682   $211,452 
Contract Liabilities, services and consulting   601,561    746,545 
Total Contract Liabilities  $1,666,243   $957,997 
Schedule of disaggregation of revenue
                 
Segments  Rail   Commercial   Government  Artificial
Intelligence		  Total
Primary Geographical Markets                       
North America  $6,261,748   $78,575   $11,353  $1,119,522   $7,471,198
                        
Major Goods and Service Lines                       
Turnkey Projects  $3,616,334   $1,694   $—  $—   $3,618,028
Maintenance & Support   2,645,414    76,881    11,353   —   2,733,648
Data Center Auditing Services   —    —    —   —   —
Software License   —    —    —   —   —
Algorithms   —    —    —   1,119,522   1,119,522
   $6,261,748   $78,575   $11,353  $1,119,522   $7,471,198
                        
Timing of Revenue Recognition                       
Goods transferred over time  $3,616,334   $1,694   $—  $—   $3,218,028
Services transferred over time   2,645,414    76,881    11,353   1,119,522   3,853,170
   $6,261,748   $78,575   $11,353  $1,119,522   $7,471,198

 

Quantitative:

 

For the Year Ended December 31, 2022

 

Segments  Rail   Commercial   Government   Artificial
Intelligence		   Total 
Primary Geographical Markets                    
North America  $13,710,777   $115,443   $237,414   $948,732   $15,012,366 
                          
Major Goods and Service Lines                         
Turnkey Projects  $10,789,693   $9,297   $156,530   $234,772   $11,190,292 
Maintenance & Support   2,921,084    106,146    80,884    —    3,108,114 
Data Center Auditing Services   —    —    —    —    — 
Software License   —    —    —    —    — 
Algorithms   —    —    —    713,960    713,960 
   $13,710,777   $115,443   $237,414   $948,732   $15,012,366 
                          
Timing of Revenue Recognition                         
Goods transferred over time  $10,789,693   $9,297   $156,530   $234,772   $11,190,292 
Services transferred over time   2,921,084    106,146    80,884    713,960    3,822,074 
   $13,710,777   $115,443   $237,414   $948,732   $15,012,366