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Organization and Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
Schedule of Earnings Per Share | Under ASC 606, disaggregated revenue from contracts with customers depicts the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. The Company has evaluated revenues recognized and the following table illustrates the disaggregation disclosure by customer’s location and performance obligation. Disaggregation of Revenue Schedule of Disaggregation of Revenues
|  | Three Months ended June 30, |
|  | 2022 |  |  | 2021 |
|  | Commercial |  |  | Government |  |  | International |  |  | Total |  |  | Commercial |  |  | Government |  |  | International |  |  | Total |
Simulators and accessories |  | $ | 3,521,100 |  |  | $ | 1,422,233 |  |  | $ | 1,737,301 |  |  | $ | 6,680,634 |  |  | $ | 543,890 |  |  | $ | 3,503,592 |  |  | $ | 106,933 |  |  | $ | 4,154,415 |
Extended service-type warranties |  |  | 30,546 |  |  |  | 747,878 |  |  |  | 27,646 |  |  |  | 806,070 |  |  |  | 25,547 |  |  |  | 673,970 |  |  |  | 28,965 |  |  |  | 728,482 |
Customized software and content |  |  | - |  |  |  | 60,392 |  |  |  | 126,000 |  |  |  | 186,392 |  |  |  | - |  |  |  | 146,543 |  |  |  | 21,170 |  |  |  | 167,713 |
Installation and training |  |  | 35,343 |  |  |  | 249,847 |  |  |  | 39,097 |  |  |  | 324,287 |  |  |  | 15,043 |  |  |  | 186,909 |  |  |  | - |  |  |  | 201,952 |
Licensing and royalties |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,630 |  |  |  | - |  |  |  | - |  |  |  | 2,630 |
Total Revenue |  | $ | 3,586,989 |  |  | $ | 2,480,350 |  |  | $ | 1,930,044 |  |  | $ | 7,997,383 |  |  | $ | 587,110 |  |  | $ | 4,511,014 |  |  | $ | 157,068 |  |  | $ | 5,255,192 |
|  | Six Months ended June 30, |
|  | 2022 |  |  | 2021 |
|  | Commercial |  |  | Government |  |  | International |  |  | Total |  |  | Commercial |  |  | Government |  |  | International |  |  | Total |
Simulators and accessories |  | $ | 5,101,292 |  |  | $ | 4,646,791 |  |  | $ | 2,643,938 |  |  | $ | 12,392,021 |  |  | $ | 815,528 |  |  | $ | 5,181,515 |  |  | $ | 1,184,118 |  |  | $ | 7,181,161 |
Extended service-type warranties |  |  | 62,033 |  |  |  | 1,478,238 |  |  |  | 45,308 |  |  |  | 1,585,579 |  |  |  | 47,621 |  |  |  | 1,344,554 |  |  |  | 49,015 |  |  |  | 1,441,190 |
Customized software and content |  |  | - |  |  |  | 2,106 |  |  |  | 209,000 |  |  |  | 211,106 |  |  |  | - |  |  |  | 613,956 |  |  |  | 73,443 |  |  |  | 687,399 |
Installation and training |  |  | 47,208 |  |  |  | 407,400 |  |  |  | 107,297 |  |  |  | 561,905 |  |  |  | 49,864 |  |  |  | 306,707 |  |  |  | 26,350 |  |  |  | 382,921 |
Licensing and royalties |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,430 |  |  |  | - |  |  |  | - |  |  |  | 4,430 |
Total Revenue |  | $ | 5,210,533 |  |  | $ | 6,534,535 |  |  | $ | 3,005,543 |  |  | $ | 14,750,611 |  |  | $ | 917,443 |  |  | $ | 7,446,732 |  |  | $ | 1,332,926 |  |  | $ | 9,697,101 |
For the six months ended June 30, 2022, governmental customers comprised $6,534,535, or 44% of total net sales, commercial customers comprised $5,210,533, or 35% of total net sales, and international customers comprised $3,005,543, or 20% of total net sales. By comparison, for the six months ended June 30, 2021, governmental customers comprised $7,446,732, or 77% of total net sales, commercial customers comprised $917,443, or 9% of total net sales, and international customers comprised $1,332,926, or 14% of total net sales.
Schedule of Earnings Per Share | The net income per common share is computed by dividing net income by the weighted average of common shares outstanding. Diluted net income per share reflects the potential dilution, using the treasury stock method, that would occur if outstanding stock options and warrants were exercised. Earnings per share computations are as follows: Schedule of Earnings Per Share
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net Income |  | $ | 787,374 |  |  | $ | 529,359 |  |  | $ | 1,364,448 |  |  | $ | 1,184,522 |
Weighted average common stock outstanding |  |  | 10,866,775 |  |  |  | 10,644,363 |  |  |  | 10,837,186 |  |  |  | 9,209,808 |
Incremental shares from stock options |  |  | 25,527 |  |  |  | 48,875 |  |  |  | 30,481 |  |  |  | (299 | )
Weighted average common stock outstanding diluted |  |  | 10,892,302 |  |  |  | 10,693,238 |  |  |  | 10,867,667 |  |  |  | 9,209,509 |
Net income per common share and common equivalent shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | 0.05 |  |  | $ | 0.13 |  |  | $ | 0.13 |
Diluted |  | $ | 0.07 |  |  | $ | 0.05 |  |  | $ | 0.13 |  |  | $ | 0.13 |

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