XML 36 R26.htm IDEA: XBRL DOCUMENT v3.24.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Contract Balances

Contract assets and deferred revenues consist of the following as of September 30, 2024 and December 31, 2023:

 
  
Contract Assets
    
Contract
Liability
  
 
  
Costs of
obtaining
contracts
    
Unbilled
revenue
    
Total
    
Deferred
Revenue
  
Balance at January 1, 2023
  
$
158,016
    
$
2,094,942
    
$
2,252,958
    
$
2,581,287
  
Beginning deferred revenue balance recognized during the period
    
—
      
—
      
—
      
(2,581,286
)
Net change due to timing of billings, payments and recognition
    
(50,684
)
    
(1,075,561
)
    
(1,126,245
)
    
2,413,550
  
Balance at December 31, 2023
    
107,332
      
1,019,381
      
1,126,713
      
2,413,551
  
Beginning deferred revenue balance recognized during the period
    
—
      
—
      
—
      
(2,163,551
)
Net change due to timing of billings, payments and recognition
    
(25,774
)
    
(225,907
)
    
(251,681
)
    
1,993,719
  
Balance at September 30, 2024
  
$
81,558
    
$
793,474
    
$
875,032
    
$
2,243,719
  

Transaction Price Allocated to Remaining Performance Obligations

The transaction price allocated to remaining performance obligations consisted of the following:

 
  
September 30, 2024
    
December 31, 2023
  
Estimated next twelve months
  
$
17,783,860
    
$
17,202,223
  
Thereafter
    
20,747,221
      
20,831,200
  
Total
  
$
38,531,081
    
$
38,033,423