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Organization and Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue

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.

 

   Commercial   Government   International   Total   Commercial   Government   International   Total 
   Three Months Ended March 31 
   2023   2022 
   Commercial   Government   International   Total   Commercial   Government   International   Total 
Simulators and accessories  $489,810   $5,479,641   $3,141,870   $9,111,321   $1,580,192   $3,224,558   $906,636   $5,711,386 
Extended Service-type warranties   23,343    539,208    19,424    581,975    31,487    620,361    17,662    669,510 
Customized software and content   19,500    7,196    (16,861)   9,835    -    51,714    83,000    134,714 
Installation and training   20,562    249,554    53,688    323,804    11,865    157,553    68,200    237,618 
Total Revenue  $553,215   $6,275,599   $3,198,121   $10,026,935   $1,623,544   $4,054,186   $1,075,498   $6,753,228 
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:

 

 

   2023   2022 
   Three Months Ended March 31, 
   2023   2022 
         
Net Income (loss)  $2,946,373   $577,074 
Weighted average common stock outstanding   10,917,311    10,807,269 
Incremental shares from stock options   2,080    43,107 
Weighted average common stock outstanding, diluted   10,919,391    10,850,376 
           
Net income (loss) per common share and common equivalent share          
Basic  $0.27   $0.05 
Diluted  $0.27   $0.05