Revenue

3 Months Ended

Mar. 31, 2024

Revenue

Revenue

Note 6 – Revenue 

The following is a summary of our revenues by type for the period ended March 31, 2024 and March 31, 2023:

Name	March 31, 2024		%			March 31, 2023		%
Equipment revenue	$	296,096		94	%	$	793,458		99	%
Service revenue		19,182		6	%		8,000		1	%
Total	$	315,278		100	%	$	801,458		100	%

Unearned Revenue

The following is a summary of our unearned revenue activity for the period ended March 31, 2024 and year ended December 31, 2023: 

Name	Balance at March 31, 2024		Balance at December 31, 2023
Unearned revenue at beginning of the period	$	130,000	$	200,109
Billings deferred		2,768		58,000
Recognition of prior unearned revenue		—		(128,109	)
Unearned revenue at end of period	$	132,768	$	130,000

Unbilled Accounts Receivable

The following is a summary of our unbilled accounts receivable activity for the period ended March 31, 2024 and the year ended December 31, 2023:

Name	Balance at March 31, 2024			Balance at December 31, 2023
Unbilled accounts receivable at beginning of the period	$	1,494,553		$	918,164
Services performed but unbilled		296,096			1,061,612
Services billed		(19,040	)		(485,223	)
Unbilled accounts receivable at end of the period	$	1,771,609		$	1,494,553