Organization and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenues

Under ASC 606, disaggregated revenue from contracts with customers depicts the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. The Company has evaluated revenues recognized and the following table illustrates the disaggregation disclosure by customer’s location and performance obligation.

Disaggregation of Revenue

	Three Months Ended March 31,
	2022								2021
	Commercial		Government		International		Total		Commercial		Government		International		Total
Simulators and accessories	$	1,580,192	$	3,224,558	$	906,636	$	5,711,386	$	273,796	$	1,677,923	$	1,077,185	$	3,028,904
Extended service-type warranties		31,487		620,361		17,662		669,510		22,074		670,584		20,050		712,708
Customized software and content		-		51,714		83,000		134,714		-		467,413		52,273		519,686
Installation and training		11,865		157,553		68,200		237,618		32,663		119,798		26,350		178,811
Licensing and royalities		-		-		-		-		1,800		-		-		1,800
Total Revenue	$	1,623,544	$	4,054,186	$	1,075,498	$	6,753,228	$	330,333	$	2,935,718	$	1,175,858	$	4,441,909

Schedule of Earnings Per Share

The net income per common share is computed by dividing net income by the weighted average of common shares outstanding. Diluted net income per share reflects the potential dilution, using the treasury stock method, that would occur if outstanding stock options and warrants were exercised. Earnings per share computations are as follows:

Schedule of Earnings Per Share

	Three Months Ended March 31,
	2022		2021
Net income	$	577,074	$	655,163
Weighted average common stock outstanding		10,807,269		7,775,212
Incremental shares from stock options		43,107		60,618
Weighted average common stock outstanding diluted		10,850,376		7,835,830
Net income per common share and common equivalent shares
Basic	$	0.05	$	0.08
Diluted	$	0.05	$	0.08