XML 26 R12.htm IDEA: XBRL DOCUMENT

Revenues and Contract Balances

6 Months Ended

Jun. 30, 2025

Note 5 – Revenues and Contract Balances

The following is a summary of our revenues by type for the three and six months ended June 30, 2025 and June 30, 2024:

	Three Months Ended
Name	June 30, 2025		%			June 30, 2024		%
Equipment revenue	$	84,814		14	%	$	9,773		27	%
Service revenue		510,153		86	%		27,048		73	%
Total	$	594,967		100	%	$	36,821		100	%

	Six Months Ended
Name	June 30, 2025		%			June 30, 2024		%
Equipment revenue	$	219,224		19	%	$	305,869		87	%
Service revenue		918,843		81	%		46,230		13	%
Total	$	1,138,067		100	%	$	352,099		100	%

Unbilled Accounts Receivable

The following is a summary of our unbilled accounts receivable activity for the six months ended June 30, 2025 and the year ended December 31, 2024:

	Balance at			Balance at
Name	June 30, 2025			December 31, 2024
Unbilled accounts receivable at beginning of the period	$	1,653,007		$	1,494,553
Services performed but not yet billed		602,724			217,666
Services billed		(376,000	)		(59,212	)
Unbilled accounts receivable at end of the period	$	1,879,731		$	1,653,007

Pursuant to contractual terms with our customers, we anticipate billing the unbilled accounts receivable during our 2025 fiscal year.

Contract Assets

The following is a summary of our contract assets activity for the six months ended June 30, 2025 and the year ended December 31, 2024:

	Balance at June 30,			Balance at December 31,
	2025			2024
Contract assets at beginning of period	$	136,651		$	-
Contract costs deferred		60,392			136,651
Contract costs expensed		(45,550	)		-
Contract assets at end of period	$	151,493		$	136,651

Unearned Revenue

The following is a summary of our unearned revenue activity for the six months ended June 30, 2025 and year ended December 31, 2024:

Name	Balance at June 30, 2025			Balance at December 31, 2024

Unearned revenue at beginning of the period	$	227,683		$	130,000
Billings deferred		103,507			197,683
Refundable deposit returned		-			(100,000	)
Recognition of prior unearned revenue		(107,017	)		-
Unearned revenue at end of period	$	224,173		$	227,683

At June 30, 2025 , we anticipate recognizing approximately $194,000 of the unearned revenue in 2025 which has been presented as a current liability at June 30, 2025. The remaining balance of $30,000 has been classified as a long-term liability as the timing of revenue recognition is unknown.