v3.25.2
REVENUE AND CONTRACT ACCOUNTING (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Schedule of contracts assets on uncompleted contracts
        
  

March 31,

2025

  

December 31,

2024

 
Cumulative revenues recognized  $9,981,445   $9,916,761 
Less: Billings or cash received   (9,280,987)   (9,280,987)
Contract assets  $700,458   $635,774 
  
Schedule of contract liabilities on uncompleted contracts
        
  

March 31,

2025

  

December 31,

2024

 
Billings and/or cash receipts on uncompleted contracts  $1,264,658   $1,264,658 
Less: Cumulative revenues recognized   (861,024)   (861,024)
Contract liabilities, technology systems   403,634    403,634 
Contract liabilities, services and consulting   9,964,218    11,401,384 
Total contract liabilities, current   10,367,852    11,805,018 
Total contract liabilities, non-current  $9,563,888   $11,016,134 

 

Contract Liabilities Current

 

           
  

March 31,

2025

 

December 31,

2024

Total contract liabilities, current  $3,001,352   $3,188,518 
Total contract liabilities, current – related parties   7,366,500    8,616,500 
Total contract liabilities, current  $10,367,852   $11,805,018 

 

Contract Liabilities Non-Current

 

           
  

March 31,

2025

 

December 31,

2024

Total contract liabilities, non-current  $6,851,513   $7,399,634 
Total contract liabilities, non-current – related parties   2,712,375    3,616,500 
Total contract liabilities, non-current  $9,563,888   $11,016,134 
 Schedule of contract liabilities on uncompleted contracts        
   2024   2023 
Billings and/or cash receipts on uncompleted contracts  $1,264,658   $1,264,658 
Less: Cumulative revenues recognized   (861,024)   (199,976)
Contract liabilities, technology systems, current  $403,634   $1,064,682 
Contract liabilities, services and consulting, current   11,401,384    601,561 
Total contract liabilities, current  $11,805,018   $1,666,243 
Total contract liabilities, services and consulting, non-current  $11,016,134   $— 
Schedule of balance in contract liabilities non-monetary transaction
     
Calendar Year   Amount 
 2025   $1,644,363 
 2026    2,192,484 
 2027    2,192,484 
 2028    2,192,484 
 2029    822,181 
 Total Contract Liabilities   $9,043,996 
     
Calendar Year   Amount 
 2025   $2,192,484 
 2026    2,192,484 
 2027    2,192,484 
 2028    2,192,484 
 2029    822,182 
 Total Contract Liabilities   $9,592,118 
Schedule of balance in contract liabilities
     
Calendar Year   Amounts 
 2025   $2,712,375 
 2026    3,616,500 
 Contract Liability   $6,328,875 
  
Schedule of disaggregation of revenue
                
Segments  Technologies   Data Center Hosting & Related Services   Asset Management   Total 
Primary Geographical Markets                
                 
North America  $1,037,435   $—   $3,914,750   $4,952,185 
                     
Major Goods and Service Lines                    
                     
Turnkey Projects  $64,684   $—   $—   $64,684 
Maintenance and Support   972,751    —    3,914,750    4,877,501 
   $1,037,435   $—   $3,914,750   $4,952,185 
                     
Timing of Revenue Recognition                    
                     
Goods transferred over time  $64,684   $—   $—   $64,684 
Services transferred over time   972,751    —    3,914,750    4,887,501 
   $1,037,435   $—   $3,914,750   $4,952,185 

  

For the Three Months Ended March 31, 2024

                 
Segments  Technologies   Data Center Hosting & Related Services   Asset Management   Total 
Primary Geographical Markets                
                 
North America  $1,070,680   $—   $—   $1,070,680 
                     
Major Goods and Service Lines                    
                     
Turnkey Projects  $269,855   $—   $—   $269,855 
Maintenance and Support   800,825    —    —    800,825 
   $1,070,680   $—   $—   $1,070,680 
                     
Timing of Revenue Recognition                    
                     
Goods transferred over time  $269,855   $—   $—   $269,855 
Services transferred over time   800,825    —    —    800,825 
   $1,070,680   $—   $—   $1,070,680 
                    
Segments  Rail   Commercial   Government   Artificial Intelligence   Total 
Primary Geographical Markets                    
                     
North America  $5,696,931   $921,562   $—   $662,392   $7,280,885 
                          
Major Goods and Service Lines                         
                          
Turnkey Projects  $2,252,357   $—   $—   $—   $2,252,357 
Maintenance and Support   3,444,574    921,562    —    —    4,366,136 
Algorithms   —    —    —    662,392    662,392 
   $5,696,931   $921,562   $—   $662,392   $7,280,885 
                          
Timing of Revenue Recognition                         
                          
Goods transferred over time  $2,252,357   $—   $—   $—   $2,252,357 
Services transferred over time   3,444,574    921,562    —    662,392    5,028,528 
   $5,696,931   $921,562   $—   $662,392   $7,280,885 

 

Quantitative:

 

For the Year Ended December 31, 2023

                     
Segments  Rail   Commercial   Government   Artificial
Intelligence		   Total 
Primary Geographical Markets                    
North America  $6,261,748   $78,575   $11,353   $1,119,522   $7,471,198 
                          
Major Goods and Service Lines                         
Turnkey Projects  $3,616,334   $1,694   $—   $—   $3,618,028 
Maintenance and Support   2,645,414    76,881    11,353    —    2,733,648 
Data Center Auditing Services   —    —    —    —    — 
Software License   —    —    —    —    — 
Algorithms   —    —    —    1,119,522    1,119,522 
   $6,261,748   $78,575   $11,353   $1,119,522   $7,471,198 
                          
Timing of Revenue Recognition                         
Goods transferred over time  $3,616,334   $1,694   $—   $—   $3,218,028 
Services transferred over time   2,645,414    76,881    11,353    1,119,522    3,853,170 
   $6,261,748   $78,575   $11,353   $1,119,522   $7,471,198