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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Contract Balances | Contract assets and deferred revenues consist of the following as of June 30, 2024 and December 31, 2023:
|  | Contract Assets |  |  | Contract Liability |
|  | Costs of obtaining contracts |  |  | Unbilled revenue |  |  | Total |  |  | Deferred Revenue |
Balance at January 1, 2023 |  | $ | 158,016 |  |  | $ | 2,094,942 |  |  | $ | 2,252,958 |  |  | $ | 2,581,287 |
Beginning deferred revenue balance recognized during the period |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,581,286 | )
Net change due to timing of billings, payments and recognition |  |  | (50,684 | ) |  |  | (1,075,561 | ) |  |  | (1,126,245 | ) |  |  | 2,413,550 |
Balance at December 31, 2023 |  |  | 107,332 |  |  |  | 1,019,381 |  |  |  | 1,126,713 |  |  |  | 2,413,551 |
Beginning deferred revenue balance recognized during the period |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,133,447 | )
Net change due to timing of billings, payments and recognition |  |  | (9,881 | ) |  |  | (161,477 | ) |  |  | (171,358 | ) |  |  | 2,922,599 |
Balance at June 30, 2024 |  | $ | 97,451 |  |  | $ | 857,904 |  |  | $ | 955,355 |  |  | $ | 3,202,703 |
Transaction Price Allocated to Remaining Performance Obligations | The transaction price allocated to remaining performance obligations consisted of the following:
|  | June 30, 2024 |  |  | December 31, 2023 |
Estimated next twelve months |  | $ | 16,191,125 |  |  | $ | 17,202,223 |
Thereafter |  |  | 16,944,792 |  |  |  | 20,831,200 |
Total |  | $ | 33,135,917 |  |  | $ | 38,033,423 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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