Revenue

6 Months Ended

Jun. 30, 2024

Revenue

Revenue

Note 6 – Revenue 

The following is a summary of our revenues by type for the three and six-month periods ended June 30, 2024 and June 30, 2023:

	Three Months Ended								Six Months Ended
Name	June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
Equipment revenue	$	9,773	27	%	$	49,863	100	%	$	305,869	87	%	$	843,321	99	%
Service revenue		27,048	73	%		-	0	%		46,230	13	%		8,000	1	%
Total	$	36,821	100	%	$	49,863	100	%	$	352,099	100	%	$	851,321	100	%

Unearned Revenue

The following is a summary of our unearned revenue activity for the period ended June 30, 2024 and year ended December 31, 2023:

Name	Balance at June 30, 2024			Balance at December 31, 2023
Unearned revenue at beginning of year	$	130,000		$	200,109
Billings deferred		2,768			58,000
Refundable deposit returned		(100,000	)		-
Recognition of prior unearned revenue		-			(128,109	)
Unearned revenue at end of year	$	32,768		$	130,000

Unbilled Accounts Receivable

The following is a summary of our unbilled accounts receivable activity for the period ended June 30, 2024 and the year ended December 31, 2023:

Name	Balance at June 30, 2024			Balance at December 31, 2023
Unbilled accounts receivable at beginning of year	$	1,494,553		$	918,164
Services performed but unbilled		296,056			1,061,612
Services billed		(19,040	)		(485,223	)
Unbilled accounts receivable at end of period	$	1,771,609		$	1,494,553