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DEFERRED REVENUE
 3 Months Ended
Dec. 31, 2024
Deferred Revenue  
DEFERRED REVENUE

NOTE 15 – DEFERRED REVENUE

 

The Company’s deferred revenue as of and for the three months ended December 31, 2024, and 2023, were as follows:

 

 SCHEDULE OF DEFERRED REVENUE

  

For the three months ended

   December 31, 2024   December 31, 2023 
         
Deferred revenue at beginning of period  $1,955,635   $2,311,334 
Net additions:          
Deferred software revenues   364,145    659,970 
Recognized as revenue:          
Deferred software revenues   (553,075)   (714,952)
Deferred revenue at end of period   1,766,705    2,256,352 
Less: current portion   1,206,052    1,562,107 
Long-term deferred revenue at end of period  $560,653   $694,245 

 

For the three months ended December 31, 2024 and 2023, the Company recognized revenue of $501,666, and $608,843, respectively, that was previously included in the beginning balance of deferred revenues.