XML 24 R13.htm IDEA: XBRL DOCUMENT

Note 6 - Contract Assets and Contract Liabilities

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Contract with Customer, Contract Asset, Contract Liability [Text Block]

NOTE 6 – CONTRACT ASSETS AND CONTRACT LIABILITIES

The roll-forward of Contract assets and Contract liabilities for the periods ended September 30, 2025 and December 31, 2024 is as follows:

		*September 30,*				*December 31,*
		*2025*				*2024*
Cost incurred		$	1,909,264			$	2,512,901
Unbilled project deliveries			-				51,442
VAT			305,184				93,961
Other receivables			11,387				20,972
Prepayments			(1,331,905	)			(1,121,897	)
		$	893,930			$	1,557,379

Distributed as follows:
Contract assets		$	964,171			$	1,666,698
Contract liabilities			(70,241	)			(109,319	)
		$	893,930			$	1,557,379