v3.26.1
Note 3 - Revenue From Contracts With Customers
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

3.

REVENUE FROM CONTRACTS WITH CUSTOMERS

 

Disaggregation of Revenue

 

The following table summarizes revenue from contracts with customers for the three-month periods ended March 31, 2026 and March 31, 2025:

  

  

North

              

March 31,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2026

 
                     

Services

 $190,543  $57,174  $667  $-  $248,384 

License fees

  239,675   866,930   259,288   -   1,365,893 

Hardware

  15,125   -   493,871   22,260   531,256 

Total Revenues

 $445,343  $924,104  $753,826  $22,260  $2,145,533 

 

  

North

              

March 31,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2025

 
                     

Services

 $205,843  $64,152  $142  $2,461  $272,598 

License fees

  354,584   525,093   219,081   -   1,098,758 

Hardware

  17,852   -   188,911   29,040   235,803 

Total Revenues

 $578,279  $589,245  $408,134  $31,501  $1,607,159 

  

*EMESA – Europe, Middle East, South America

 

Deferred Revenue 

 

Deferred revenue includes customer advances and amounts that have been paid by customer for which the contractual maintenance terms have not yet occurred. The majority of these amounts are related to maintenance contracts for which the revenue is recognized ratably over the applicable term, which generally is 12-60 months. Contracts greater than 12 months are segregated as long term deferred revenue. Maintenance contracts include provisions for unspecified when-and-if available product updates and customer telephone support services. At March 31, 2026 and December 31, 2025, amounts in deferred revenue were approximately $900,500 and $635,100, respectively. Revenue recognized during the three months ended March 31, 2026 from amounts included in deferred revenue as of December 31, 2025 was approximately $193,000. Revenue recognized during the three months ended March 31, 2025 from amounts included in deferred revenue at December 31, 2024 was approximately $200,000.