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Unearned Revenue
12 Months Ended
Dec. 31, 2022
Unearned Revenue  
Unearned Revenue

Note 9 – Unearned Revenue

 

Unearned revenue represents the net amount received for the purchase of products that have not seen shipped to the Company’s customers. In 2018, the Company ran pre-sales efforts for its pet tracker product and received prepayments for its product. In addition, during 2018, the Company received $200,000 in connection with an intellectual property license and royalty agreement. The Company has $48,921 and $249,384 of unearned revenue at December 31, 2022 and 2021, respectively.