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Revenue
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue

Note 9 – Revenue

 

The following table sets forth revenue by geographic area:

   Years Ended December 31, 
   2022   2021 
United States  $24,671,554   $52,185,812 
Rest of World   9,546,655    45,699,791 
Total  $34,218,209   $97,885,603 
Percentage of revenue by area:          
United States   72%   53%
Rest of World   28%   47%

 

Deferred Revenue

 

Changes in the Company’s deferred revenue balance for the years ended December 31, 2022 and 2021 were as follows:

 

Balance as of December 31, 2020   305,307 
Revenue recognized included in deferred revenue balance at the beginning of the period   (256,110)
Increase due to prepayments from customers   79,213 
Increase due to note receivable   150,000 
Decrease due to refunds to customers and application to open balances   (128,410)
Balance as of December 31, 2021  $150,000 
Revenue recognized included in deferred revenue balance at the beginning of the period   (150,000)
Balance as of December 31, 2022  $-