v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue  
Revenue

Note 6 – Revenue

 

The following is a summary of our revenues by type for the three months ended March 31, 2026 and March 31, 2025:

 

Name

 

March 31,

2026

 

 

%

 

 

March 31,

2025

 

 

%

 

Equipment revenue

 

$-

 

 

 

-

 

 

$134,410

 

 

 

25%

Service revenue

 

 

551,155

 

 

 

100%

 

 

408,690

 

 

 

75%

Total

 

$551,155

 

 

 

100%

 

$543,100

 

 

 

100%

 

Unearned Revenue

 

The following is a summary of our unearned revenue activity for the three months ended March 31, 2026 and year ended December 31, 2025:

 

Name

 

Balance at

March 31,

2026

 

 

Balance at

December 31,

2025

 

 

 

 

 

 

 

 

Unearned revenue at beginning of the period

 

$342,905

 

 

$227,683

 

Billings deferred

 

 

2,296,250

 

 

 

222,239

 

Recognition of prior unearned revenue

 

 

(90,667)

 

 

(107,017)

Unearned revenue at end of period

 

$2,548,488

 

 

$342,905

 

 

During the three months ended March 31, 2026, we recognized $90,667 of service revenue that was previously unearned revenue at December 31, 2025.  At March 31, 2026 and December 31, 2025, we have classified $222,238 and $312,905, respectively, within current liabilities and $2,326,250 and $30,000, respectively, within long-term liabilities based on when we estimate the unearned revenue will be recognized as revenue.