Annual report pursuant to Section 13 and 15(d)

Revenue and Contracts with Customers (Tables)

v3.24.1
Revenue and Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue and Contracts with Customers [Abstract]  
Schedule of Disaggregation by Customer Type The following table summarizes our revenue disaggregation by customer type for the following periods:
      For the Years Ended
December 31,  		  
      2023      2022    
Government     $ 2,564,846     $ 3,357,978  
Non-government       4,271,598       7,100,192  
      $ 6,836,444     $ 10,458,170  
Schedule of Expected Credit Losses The allowance for expected credit losses was comprised of the following activity:
   

For the Years Ended

December 31,

  
    2023     2022  
Allowance for expected credit losses at beginning of period   $ 331,262     $ 305,517  
Bad debt expense (1)     63,358       415,009  
Write-off uncollectable accounts     (377,148 )     (389,264 )
Allowance for expected credit losses at end of period   $ 17,472     $ 331,262  
(1) Bad debt expense is recognized as a component of General and administrative expenses. Includes amounts attributable to unbilled accounts receivable (see Note 7).
Schedule of Deferred Revenue Activity The following table summarizes deferred revenue activity for the year ended December 31, 2023:
    Beginning of
Period		     Net
additions		     Revenue
recognized		     End of
Period		  
Deferred revenue - 2023   $ 730,574       2,802,913       3,133,835     $ 399,652  
Deferred revenue - 2022     1,040,010       5,446,403       5,755,839       730,574  
Schedule of Deferred Contract Cost Activity The following table summarizes deferred contract cost activity for the year ended December 31, 2023:
    Beginning of
Period		     Additions     Amortized
costs (1)		     End of
Period		  
Deferred contract costs - 2023   $ 36,465       —       36,465     $ —  
Deferred contract costs - 2022     142,930       124,690       231,155       36,465  
(1) Includes contract costs amortized to Sales and marketing expense during the period.