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Note 5 - Receivables
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Accounts and Nontrade Receivable [Text Block]

Note 5.         Receivables

 

Accounts receivable as of December 31, 2022 and 2021, consist of the following:

 

  

2022

  

2021

 

Billed federal government

 $1,573,407  $1,594,473 

Billed commercial

  56,152   - 

Unbilled receivables

  -   70,389 

Accounts receivable

 $1,629,559  $1,664,862 

 

Billed receivables from the federal government include amounts due from both prime contracts and subcontracts where the federal government is the end customer. Unbilled receivables include short-term contract assets where billing cycles differ from calendar months, or a monthly fixed billing amount does not reflect the revenue earned in a given month. The accounts receivable balance as of December 31, 2020, was $1,442,231.