v3.25.2
REVENUE
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
REVENUE

NOTE 7. REVENUE

The Company’s primary revenue-generating activity involves sales of high-powered lasers and related installation services. The Company has sales to customers throughout the U.S., Europe, and Asia. All sales are settled in U.S. dollars.

The following table presents revenue from contracts with customers disaggregated by geography:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

United States

 

$

 

 

$

 

 

$

 

 

$

15,000

 

Asia

 

 

 

 

 

7,566

 

 

 

 

 

 

9,112

 

Europe

 

 

 

 

 

41,712

 

 

 

 

 

 

118,715

 

Total

 

$

 

 

$

49,278

 

 

$

 

 

$

142,827

 

The following table presents revenue from contracts with customers disaggregated by the timing of revenue recognition:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue recognized at a point in time

 

$

 

 

$

45,278

 

 

$

 

 

$

123,827

 

Revenue recognized over time

 

 

 

 

 

4,000

 

 

 

 

 

 

19,000

 

Total

 

$

 

 

$

49,278

 

 

$

 

 

$

142,827

 

Contract liabilities consist of customer deposits that are applied to invoices as the performance obligation is performed. Accounts receivable and contract liabilities were as follows on the dates presented:

 

 

Accounts Receivable

 

 

Contract Liabilities

 

January 1, 2024

 

$

482,279

 

 

$

30,400

 

December 31, 2024

 

$

 

$

24,000

 

June 30, 2025

 

$

 

 

$

24,000

 

During the three months ended June 30, 2025 and 2024, the Company recognized nil and $7,000 of revenue, respectively, that was included in the contract liabilities balance at the beginning of the reporting period. During the six months ended June 30, 2025 and 2024, the Company recognized nil and $30,400 of revenue, respectively, that was included in the contract liabilities balance at the beginning of the reporting period.

NOTE 7. REVENUE

The Company’s primary revenue-generating activity involves sales of high-powered lasers and related installation services. The Company has sales to customers throughout the U.S., Europe, and Asia. All sales are settled in U.S. dollars.

The following table presents revenue from contracts with customers disaggregated by geography:

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

United States

 

$

24,300

 

 

$

1,760,350

 

Asia

 

 

9,112

 

 

 

117,835

 

Europe

 

 

118,715

 

 

 

207,347

 

Total

 

$

152,127

 

 

$

2,085,532

 

 

The following table presents revenue from contracts with customers disaggregated by the timing of revenue recognition:

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Revenue recognized at a point in time

 

$

152,127

 

 

$

2,080,532

 

Revenue recognized over time

 

 

 

 

 

5,000

 

Total

 

$

152,127

 

 

$

2,085,532

 

Contract liabilities consist of customer deposits that are applied to invoices as the performance obligation is performed. Accounts receivable and contract liabilities as of December 31, 2024 and 2023 were as follows:

 

 

Accounts Receivable

 

 

Contract Liabilities

 

January 1, 2023

 

$

327,200

 

 

$

178,750

 

December 31, 2023

 

 

482,279

 

 

 

30,400

 

December 31, 2024

 

 

 

 

 

24,000

 

During the years ended December 31, 2024 and 2023, the Company recognized $30,400 and $32,500 of revenue that was included in the contract liabilities balance at the beginning of the reporting period, respectively.