Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2023

Revenue from Contracts with Customers

Revenue from Contracts with Customers

15. Revenue from Contracts with Customers

The following table was prepared to provide additional information about the composition of revenues from contracts with customers for the periods presented:

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2023		2022		2023		2022
	(Unaudited)
Carrier Services	$	14,241,055	$	12,500,358	$	27,838,756	$	25,432,413
Managed Services		12,521,802		10,556,996		24,197,782		20,061,368
	$	26,762,857	$	23,057,354	$	52,036,538	$	45,493,781

The Company recognized revenues from contracts with customers for the following customer types as set forth below:

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2023		2022		2023		2022
	(Unaudited)
U.S. Federal Government	$	21,644,125	$	18,572,618	$	41,874,701	$	36,006,341
U.S. State and Local Governments		113,691		100,879		204,714		227,021
Foreign Governments		23,021		24,059		39,578		56,466
Commercial Enterprises		4,982,020		4,359,798		9,917,545		9,203,953
	$	26,762,857	$	23,057,354	$	52,036,538	$	45,493,781

The Company recognized revenues from contracts with customers in the following geographic regions:

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2023		2022		2023		2022
	(Unaudited)
North America	$	25,686,543	$	22,236,044	$	49,895,953	$	43,670,678
Europe		1,076,314		821,310		2,140,585		1,823,103
	$	26,762,857	$	23,057,354	$	52,036,538	$	45,493,781

During the three months ended June 30, 2023 and 2022, the Company recognized approximately $534,200 and $580,100, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2022 and 2021, respectively.

During the six months ended June 30, 2023 and 2022, the Company recognized approximately $1,243,600 and $1,660,000, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2022 and 2021, respectively.