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Revenue
 3 Months Ended
Mar. 31, 2023
Revenue  
Revenue

Note 6 – Revenue 

 

The following is a summary of our revenues by type for the period ended March 31, 2023 and March 31, 2022:

 

Name

 

Balance at

March 31,

2023

 

 

%

 

 

Balance at

March 31,

2022

 

 

%

 

Equipment revenue

 

$793,458

 

 

 

99%

 

$273,231

 

 

 

100%

Service revenue

 

 

8,000

 

 

 

1%

 

 

—

 

 

 

—

%

Total

 

$801,458

 

 

 

100%

 

$273,231

 

 

 

100%

Unearned Revenue

 

The following is a summary of our unearned revenue activity for the period ended March 31, 2023 and year ended December 31, 2022: 

 

Name

 

Balance at

March 31,

2023

 

 

Balance at

December 31,

2022

 

Unearned revenue at beginning of year

 

$200,109

 

 

$—

 

Billings deferred

 

 

5,000

 

 

 

1,467,189

 

Recognition of prior unearned revenue

 

 

—

 

 

 

(1,267,080)

Unearned revenue at end of year

 

$205,109

 

 

$200,109

 

 

Unbilled Accounts Receivable

 

The following is a summary of our unbilled accounts receivable activity for the period ended March 31, 2023 and the year ended December 31, 2022:

 

Name

 

Balance at

March 31,

2023

 

 

Balance at

December 31,

2022

 

Unbilled accounts receivable at beginning of year

 

$918,164

 

 

$—

 

Services performed but unbilled

 

 

793,458

 

 

 

918,164

 

Services billed

 

 

(39,168 )

 

 

—

 

Unbilled accounts receivable at end of year

 

$1,672,454

 

 

$918,164