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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Changes in Contract Assets and Liabilities

The following tables present changes in our accounts receivable and contract assets during the years ended December 31, 2024, and 2023:

 Schedule of Changes in Contract Assets and Liabilities

		Balance at Beginning of Period				Billings				Payments Received				Balance at End of Period
Year ended December 31, 2024
Accounts receivable		$	1,850,375			$	18,712,905			$	(19,451,776	)		$	1,111,504
Year ended December 31, 2023
Accounts receivable		$	1,121,083			$	16,389,136			$	(15,659,844	)		$	1,850,375

		Balance at Beginning of Period				Revenue Recognized in Advance of Billings				Billings				Balance at End of Period
Year ended December 31, 2024
Accounts receivable, unbilled		$	1,320,837			$	5,812,863			$	(5,837,176	)		$	1,296,524
Year ended December 31, 2023
Accounts receivable, unbilled		$	596,410			$	5,195,866			$	(4,471,439	)		$	1,320,837

		Balance at Beginning of Period				Commissions Paid				Commissions Recognized				Balance at End of Period
Year ended December 31, 2024
Other contract assets		$	140,165			$	173,417			$	(173,886	)		$	139,696
Year ended December 31, 2023
Other contract assets		$	80,378			$	194,455			$	(134,668	)		$	140,165

 

The following table presents changes in our contract liabilities during the years ended December 31, 2024 and 2023:

		Balance at Beginning of Period				Billings				Recognized Revenue				Balance at End of Period
Year ended December 31, 2024
Contract liabilities: Deferred revenue		$	2,927,808			$	8,071,221			$	(7,587,177	)		$	3,411,852
Year ended December 31, 2023
Contract liabilities: Deferred revenue		$	2,754,064			$	7,808,195			$	(7,634,451	)		$	2,927,808

 

Schedule of Allowance for Credit Losses

Changes in the allowance for credit losses for the periods ended December 31, 2024 and 2023 were as follows:

 Schedule of Allowance for Credit Losses

		Trade Receivables
As of December 31, 2023		$	(124,103	)
Reductions (provisions) charged to operating results		$	9,117
Account write-offs		$	59,079
As of December 31, 2024		$	(55,907	)

		Trade Receivables
As of December 31, 2022		$	(88,331	)
(Provisions) reductions charged to operating results		$	(50,018	)
Account write-offs		$	14,246
As of December 31, 2023		$	(124,103	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are presented below:

 Schedule of Deferred Tax Assets and Liabilities

		December 31, 2024				December 31, 2023
Deferred tax assets
Reserves and accruals not currently deductible for tax purposes		$	133,774			$	69,676
Amortizable assets			292,663				109,612
Net operating loss carryforwards			4,508,013				4,771,762
Deferred tax assets, gross			4,934,450				4,951,050
Deferred tax liabilities
Amortizable assets			(192,663	)			(197,579	)
Property and equipment			(222,140	)			(214,698	)
Net deferred tax assets			4,519,647				4,538,773
Valuation allowance			(4,519,647	)			(4,538,773	)
Deferred tax assets, net		$	-			$	-

Schedule of Segment Information

Information by operating segment is as follows:

 Schedule of Segment Information

		Year ended December 31, 2024				Year ended December 31, 2023
Revenues
Document Management		$	7,523,874			$	7,298,264
Document Conversion			10,494,499				9,588,117
Total revenues		$	18,018,373			$	16,886,381
Cost of revenues
Document Management		$	978,262			$	1,165,134
Document Conversion			5,515,185				5,157,292
Total cost of revenues		$	6,493,447			$	6,322,426
Gross profit
Document Management		$	6,545,612			$	6,133,130
Document Conversion			4,979,314				4,430,825
Total gross profit		$	11,524,926			$	10,563,955
Capital additions, net
Document Management		$	593,471			$	441,990
Document Conversion			234,302				106,087
Total capital additions, net		$	827,773			$	548,077

		December 31, 2024				December 31, 2023
Goodwill
Document Management		$	3,989,645			$	3,989,645
Document Conversion			1,800,176				1,800,176
Total goodwill		$	5,789,821			$	5,789,821

		December 31, 2024				December 31, 2023
Total assets
Document Management		$	9,641,347			$	10,104,004
Document Conversion			8,933,609				8,922,256
Total assets		$	18,574,956			$	19,026,260

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