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Unearned Revenue

9 Months Ended

Sep. 30, 2023

Unearned Revenue [Abstract]

UNEARNED REVENUE

K. UNearned revenue:

Unearned revenue includes customer deposits and deferred revenue which represent prepayments from customers. At September 30, 2023 and December 31, 2022, the Company had unearned revenue totaling $4,268,990 and $633,148, respectively.

		September 30,				December 31,
		2023				2022
Balance at January 1,		$	633,148			$	721,608
Revenue Recognized			(52,549,688	)			(58,953,467	)
Amounts Collected or Invoiced			56,185,530				58,865,007
Unearned Revenue		$	4,268,990			$	633,148

X

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 430
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//430/tableOfContent

+ Details

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Period Type:	duration

X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration