Note 5 - Receivables

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Accounts and Nontrade Receivable [Text Block]

Note 5.         Receivables

Accounts receivable as of December 31, 2023 and 2022, consist of the following:

	December 31, 2023		December 31, 2022
Billed federal government	$	1,110,001	$	1,573,407
Billed commercial and local government		6,600		56,152
Unbilled receivables		1,261		-
Accounts receivable	$	1,117,862	$	1,629,559

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, 2021, was $1,664,862.