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DEFERRED REVENUE
3 Months Ended
Dec. 31, 2024
DEFERRED REVENUE  
DEFERRED REVENUE

NOTE 12 - DEFERRED REVENUE

 

During the three months ended December 31, 2024, and 2023, the Company delivered $230,835 and $-0- in the aggregate of software services to customers under one year subscription periods. The Company records the agreed amounts over the one-year term of the subscription agreements as deferred revenue, classified as a liability on the balance sheet, and amortizes the deferred revenue over the subscription period. For the three months ended December 31, 2024, and 2023, the Company recognized $38,225 and $2,411 of revenue from these agreements, respectively. As of December 31, 2024, and September 30, 2024, the balance of deferred revenues of $195,524 and $2,914 is included in the balance sheet, respectively.