v3.26.3
Note 3 - Revenue From Contracts With Customers
9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

3.

REVENUE FROM CONTRACTS WITH CUSTOMERS

 

Disaggregation of Revenue

 

The following tables summarize revenue from contracts with customers for the three-month periods ended September 30, 2026 and September 30, 2025:

  

  

North

              

September 30,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2026

 
                     

Services

 $127,669  $44,407  $21,511  $1,541  $195,128 

License fees

  357,566   -   903,249   14,434   1,275,249 

Hardware

  4,004   -      8,400   12,404 

Total Revenues

 $489,239  $44,407  $924,760  $24,375  $1,482,781 

 

  

North

              

September 30,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2025

 
                     

Services

 $204,536  $63,482  $95  $-  $268,113 

License fees

  471,471   -   446,480   -   917,951 

Hardware

  5,692   -   217,500   140,450   363,642 

Total Revenues

 $681,699  $63,482  $664,075  $140,450  $1,549,706 

 

The following tables summarize revenue from contracts with customers for the nine-month periods ended September 30, 2026 and September 30, 2025:

  

 

 

North

              

September 30,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2026

 
                     

Services

 $479,565  $145,989  $46,135  $2,827  $674,516 

License fees

  840,610   866,930   2,148,513   14,434   3,870,487 

Hardware

  115,947   -   541,695   345,660   1,003,302 

Total Revenues

 $1,436,122  $1,012,919  $2,736,343  $362,921  $5,548,305 

 

  

North

              

September 30,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2025

 
                     

Services

 $630,517  $191,116  $37,980  $3,094  $862,707 

License fees

  1,170,729   525,094   1,126,973   -   2,822,796 

Hardware

  73,987   -   876,692   217,590   1,168,269 

Total Revenues

 $1,875,233  $716,210  $2,041,645  $220,684  $4,853,772 

 

*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 September 30, 2026 and December 31, 2025, amounts in deferred revenue were approximately $623,600 and $635,100, respectively. Revenue recognized during the three and nine months ended September 30, 2026 from amounts included in deferred revenue as of December 31, 2025 was approximately $71,000 and $381,000. Revenue recognized during the three and nine months ended September 30, 2025 from amounts included in deferred revenue at December 31, 2024 was approximately $82,000 and 404,000, respectively.