v3.26.1
Revenue
6 Months Ended
Jun. 30, 2026
Revenue  
Revenue

Note 6 – Revenue

 

The following is a summary of our revenues by type for the three and six months ended June 30, 2026 and June 30, 2025:

 

 

 

Balance Three Months Ending

 

Name

 

June 30,

2026

 

 

%

 

 

June 30,

2025

 

 

%

 

Equipment revenue

 

$1,998,988

 

 

 

88%

 

$84,814

 

 

 

14%

Service revenue

 

 

263,052

 

 

 

12%

 

 

510,153

 

 

 

86%

Total

 

$2,262,040

 

 

 

100%

 

$594,967

 

 

 

100%

 

 

 

Balance Six Months Ending

 

Name

 

June 30,

2026

 

 

%

 

 

June 30,

2025

 

 

%

 

Equipment revenue

 

$1,998,988

 

 

 

71%

 

$219,224

 

 

 

19%

Service revenue

 

 

814,207

 

 

 

29%

 

 

918,843

 

 

 

81%

Total

 

$2,813,195

 

 

 

100%

 

$1,138,067

 

 

 

100%

 

Unearned Revenue

 

The following is a summary of our unearned revenue activity for the three and six months ended June 30, 2026 and year ended December 31, 2025:

 

 

 

Balance at

June 30,

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 and six months ended June 30, 2026, we recognized $0 and $90,667, respectively, of service revenue that was previously unearned revenue at December 31, 2025. At June 30, 2026 and December 31, 2025, we have classified $0 and $312,905, respectively, within current liabilities and $2,548,488 and $30,000, respectively, within long-term liabilities based on when we estimate the unearned revenue will be recognized as revenue.