Note
6 – Revenue
The
following table sets forth revenue by geographic area:
Summary of Revenue by Geographic Area
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| United States | |
| | | |
| | | |
| | | |
| | |
| Product revenue | |
$ | 105,386 | | |
$ | 162,910 | | |
$ | 186,439 | | |
$ | 203,087 | |
| Total United States | |
| 105,386 | | |
| 162,910 | | |
| 186,439 | | |
| 203,087 | |
| Rest of World | |
| | | |
| | | |
| | | |
| | |
| Product revenue | |
| 60,745 | | |
| - | | |
| 125,645 | | |
| 10,100 | |
| Total Rest of World | |
| 60,745 | | |
| - | | |
| 125,645 | | |
| 10,100 | |
| Total | |
$ | 166,131 | | |
$ | 162,910 | | |
$ | 312,084 | | |
$ | 213,187 | |
| Percentage of revenue by area: | |
| | | |
| | | |
| | | |
| | |
| United States | |
| 63 | % | |
| 100 | % | |
| 60 | % | |
| 95 | % |
| Rest of World | |
| 37 | % | |
| 0 | % | |
| 40 | % | |
| 5 | % |
Changes
in the Company’s deferred revenue balance for the six months ended June 30, 2026 were as follows:
Schedule of Deferred Revenue
| Balance as of December 31, 2025 | |
$ | 14,800 | |
| Revenue recognized included in deferred revenue balance at the beginning of the period | |
| (14,800 | ) |
| Increase due to prepayments from customers | |
| 28,644 | |
| Balance as of June 30, 2026 | |
$ | 28,644 | |
|