Disaggregation of Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Disaggregation of Revenue

Schedule of disaggregation of revenue by major products/service lines, and timing of revenue recognition


		For the Three Months Ended						For the Six Months Ended
		June 30,						June 30,
		2023			2022			2023			2022
Major products/service lines
Licensing fees - royalty revenue		$	129,500		$	73,500		$	203,000		$	487,500

Total Revenue		$	129,500		$	73,500		$	203,000		$	487,500

Timing of revenue recognition
Products transferred at a point in time		$	—		$	—		$	—		$	—
Products and services transferred over time			129,500			73,500			203,000			487,500
		$	129,500		$	73,500		$	203,000		$	487,500

Schedule of contract balances


		June 30,			December 31,
		2023			2022
Assets
Trade receivables, net		$	28,000		$	12,499
Liabilities
Contracted liabilities - long term		$	427,500		$	447,500


		June 30,			December 31,
		2023			2022
Contract liabilities
Opening		$	447,500		$	351,000
Additions			—			450,000
Transfer to revenue			(20,000)			(353,500)
Ending		$	427,500		$	447,500