Organization and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

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.

	Three Months Ended March 31
	2024								2023
	Commercial		Government		International		Total		Commercial		Government		International			Total
Simulators and accessories	$	75,780	$	3,811,257	$	1,278,257	$	5,165,294	$	489,810	$	4,749,368	$	3,134,628		$	8,373,806
Extended Service-type warranties		-		870,803		4,202		875,005		23,343		539,208		19,424			581,975
Customized software and content		-		265,406		-		265,406		19,500		7,196		(16,861	)		9,835
Installation and training		-		236,339		5,164		241,503		20,562		249,554		53,688			323,804
Design & Prototyping		-		583,326		-		583,326		-		-		-			-
STEP		-		954,349		9,515		963,864		-		730,273		7,242			737,515
Total Revenue	$	75,780	$	6,721,480	$	1,297,138	$	8,094,398	$	553,215	$	6,275,599	$	3,198,121		$	10,026,935

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:

	Three Months Ended March 31
	2024		2023
Net Income	$	1,216,173	$	2,946,373
Weighted average common stock outstanding		10,959,298		10,917,311
Incremental shares from stock options		1,890		2,080
Weighted average common stock outstanding, diluted		10,961,188		10,919,391
Net Income per common share and common equivalent share
Basic	$	0.11	$	0.27
Diluted	$	0.11	$	0.27