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DEFERRED REVENUE
9 Months Ended
Jun. 30, 2023
DEFERRED REVENUE  
DEFERRED REVENUE

NOTE 12 - DEFERRED REVENUE

 

During the nine months ended June 30, 2023, the Company delivered $32,470 in the aggregate of software products to customers under one year subscription periods. The Company records the agreed amounts over the one-year term of the subscription agreements as deferred revenue, classified as a liability on the balance sheet, and amortizes the deferred revenue over the subscription period. For the three and nine months ended June 30, 2023, the Company recognized $8,117 and $21,941, respectively, of revenue from these agreements. For the three and nine months ended June 30, 2022, the Company recognized $936 and $2,809, respectively, of revenue from these agreements. As of June 30, 2023, the balance of deferred revenues of $10,528 is included in the balance sheet.