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DEFERRED REVENUE
 12 Months Ended
Sep. 30, 2024
Deferred Revenue  
DEFERRED REVENUE

NOTE 13 – DEFERRED REVENUE

 

The Company’s deferred revenue as of and for the years ended September 30, 2024, and 2023, are as follows.

 

   For the year ended 
   September 30, 2024   September 30, 2023 
         
Deferred revenue at beginning of period  $2,311,334   $1,788,507 
Net additions:          
Deferred software revenues   2,321,630    2,679,379 
Recognized as revenue:          
Deferred software revenues   (2,677,329)   (2,156,552)
Deferred revenue at end of period   1,955,635    2,311,334 
Less: current portion   1,297,616    1,583,406 
Long-term deferred revenue at end of period  $658,019   $727,928 

 

For the years ended September 30, 2024, and 2023, the Company recognized revenue of $1,555,423, and $1,190,479, respectively, that was previously included in the beginning balance of deferred revenues.