REVENUE

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE

2. REVENUE

Disaggregation of Revenue

The following table presents revenue disaggregated by type:

	Three Months Ended March 31,
	2023		2022
Tool revenue:
Tool and product sales	$	1,537,380	$	664,300
Tool rental		806,153		385,150
Other related revenue		1,910,676		1,719,797
Total tool revenue		4,254,209		2,769,247
Contract services		2,027,005		1,360,917
Total revenue	$	6,281,214	$	4,130,164

Contract Balances

Under our sales contracts, we invoice customers after our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our contracts do not give rise to contract assets or liabilities under ASC 606.

Contract Costs

We did not incur any material costs of obtaining contracts.