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Revenue
12 Months Ended
Dec. 31, 2022
Revenue  
Revenue

Note 7 – Revenue 

 

The following is a summary of our revenues by type for the years ended December 31, 2022 and 2021:

 

Name

 

Balance at

December 31, 2022

 

 

%

 

 

Balance at

December 31, 2021

 

 

%

 

Equipment revenue

 

$2,952,020

 

 

 

98%

 

$

 

 

 

 

Service revenue

 

 

63,501

 

 

 

2%

 

 

48,100

 

 

 

100%

Total

 

$3,015,521

 

 

 

100%

 

$48,100

 

 

 

100%

 

Unearned Revenue

 

The following is a summary of our unearned revenue activity for the years ended December 31, 2022 and 2021:

 

Name

 

Balance at

December 31, 2022

 

 

Balance at

December 31, 2021

 

Unearned revenue at beginning of year

 

$

 

 

$

 

Billings deferred

 

 

1,467,189

 

 

 

 

Recognition of prior unearned revenue

 

 

(1,267,080 )

 

 

 

Unearned revenue at end of year

 

$200,109

 

 

$

 

 

Unbilled Accounts Receivable

 

The following is a summary of our unbilled accounts receivable activity for the years ended December 31, 2022 and 2021:

 

Name

 

Balance at

December 31, 2022

 

 

Balance at

December 31, 2021

 

Unbilled accounts receivable at beginning of year

 

$

 

 

$

 

Services performed but unbilled

 

 

918,164

 

 

 

 

Services billed

 

 

 

 

 

 

Unbilled accounts receivable at end of year

 

$918,164

 

 

$