Unbilled Accounts Receivable

6 Months Ended

Jun. 30, 2025

Unbilled Accounts Receivable

Unbilled Accounts Receivable

4. Unbilled Accounts Receivable

Unbilled accounts receivable represent revenues earned but not invoiced to the customer at the balance sheet date due to either timing of invoice processing or delays due to fixed contractual billing schedules. A significant portion of our unbilled accounts receivable consist of carrier services and hardware and software products delivered but not invoiced at the end of the reporting period.

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The following table presents customers that represent ten (10) percent or more of consolidated unbilled accounts receivable as of the dates presented below:

	JUNE 30,			DECEMBER 31,
	2025			2024
	As a % of			As a % of
Customer Type	Unbilled Receivables			Unbilled Receivables
	(Unaudited)
U.S. Federal Government		98	%		99	%