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DEFERRED REVENUE

3 Months Ended

Mar. 31, 2025

NOTE 11 – DEFERRED REVENUE

Deferred revenue as of March 31, 2025 and December 31, 2024 consisted of the following:

	March 31, 2025		December 31, 2024
Website design and implementation	$	503,320	$	451,683
Website management		85,748		72,237
Advertising and content services		65,903		65,993
Total deferred revenue	$	654,971	$	589,913

Changes in the balance of deferred revenue for the periods presented are as follows:

	Deferred Revenue
Balance as of December 31, 2024	$	589,913
Billings for the period		1,861,653
Revenue recognized		(1,796,595	)
Balance as of March 31, 2025	$	654,971

The transaction price from revenue transactions allocated to unsatisfied performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and non-cancelable contracts that will be invoiced and recognized as revenue in future periods ("backlog"). While deferred revenue is recorded on our balance sheet as a liability, backlog is not recorded in revenue, deferred revenue or elsewhere in our consolidated financial statements until we establish a contractual right to invoice, at which point it is recorded as revenue or deferred revenue as appropriate. As of March 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $654,971 in deferred revenue and $771,918 in backlog. As of December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $589,913 in deferred revenue and $1,071,098 in backlog.

We expect that the amount of backlog relative to the total value of our contracts will change from year to year due to several factors, including the amount invoiced early in the contract term, the timing and duration of customer agreements, varying invoicing cycles of agreements and changes in customer financial circumstances. Accordingly, we believe that fluctuations in backlog are not always a reliable indicator of future revenues, and we do not utilize backlog internally as a key management metric.