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Note 3 - Contracts With Customers
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Collaborative Arrangement Disclosure [Text Block]

NOTE 3 CONTRACTS WITH CUSTOMERS

 

The Company records a receivable when it has an unconditional right to receive consideration after the performance obligations are satisfied. As of September 30, 2025 and December 31, 2024, accounts receivable totaled $26,009 and $34,154, respectively. The allowance for accounts receivable balance was $0 as of both September 30, 2025 and December 31, 2024.

 

During the three and nine months ended September 30, 2025, substantially all of the Company’s revenues from continuing operations were attributable to a single customer. During the three and nine months ended September 30, 2024, substantially all of the Company’s revenues from continuing operations were attributable to one customer and two customers, respectively.

 

Advance payments received in excess of revenues recognized are classified as contract liabilities until such time as the revenue recognition criteria have been met. The Company’s contract liabilities, related primarily to development of 3D models, were $146,576 and $224,076 as of September 30, 2025 and December 31, 2024, respectively. The Company recognized revenue of $77,500 primarily related to development of 3D models during the nine months ended September 30, 2025, that was included in contract liabilities as of December 31, 2024. The Company’s contract liabilities as of September 30, 2025 represent its remaining performance obligations.