Quarterly report pursuant to Section 13 or 15(d)

REVENUE AND CONTRACT ACCOUNTING (Tables)

v3.23.1
REVENUE AND CONTRACT ACCOUNTING (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule Of Contract Assets On Uncompleted Contracts
           
   

March 31,

2023

    

December 31,

2022

  
Cumulative revenues recognized   $ 7,144,602     $ 5,934,205  
Less: Billings or cash received     (5,718,290 )     (5,508,483 )
Contract assets   $ 1,426,312     $ 425,722  
Schedule of Contract Liabilities on Uncompleted Contracts
           
   

March 31,

2023

    

December 31,

2022

  
Billings and/or cash receipts on uncompleted contracts   $ 323,207     $ 4,355,470  
Less: Cumulative revenues recognized     (262,988 )     (4,144,018 )
Contract liabilities, technology systems     60,219       211,452  
Contract liabilities, services and consulting     2,006,642       746,545  
Total contract liabilities   $ 2,066,861     $ 957,997  
Schedule of Disaggregation of Revenue
                               
Segments   Rail     Commercial     Government     Artificial Intelligence     Total  
Primary Geographical Markets                                        
                                         
North America   $ 2,376,449     $ 28,831     $ 11,353     $ 227,655     $ 2,644,288  
                                         
Major Goods and Service Lines                                        
                                         
Turnkey Projects   $ 1,827,764     $ —     $ —     $ —     $ 1,827,764  
Maintenance and Support     548,685       28,831       11,353       —       588,869  
Algorithms     —       —       —       227,655       227,655  
    $ 2,376,449     $ 28,831     $ 11,353     $ 227,655     $ 2,644,288  
                                         
Timing of Revenue Recognition                                        
                                         
Goods transferred over time   $ 1,827,764     $ —     $ —     $ —     $ 1,827,764  
Services transferred over time     548,685       28,831       11,353       227,655       816,524  
    $ 2,376,449     $ 28,831     $ 11,353     $ 227,655     $ 2,644,288  

 

For the Three Months Ended March 31, 2022

 

Segments   Rail     Commercial     Government     Artificial Intelligence     Total  
Primary Geographical Markets                                        
                                         
North America   $ 1,007,273     $ 17,300     $ 152,142     $ 262,601     $ 1,439,316  
                                         
Major Goods and Service Lines                                        
                                         
Turnkey Projects   $ 520,657     $ (498 )   $ 131,921     $ —     $ 652,080  
Maintenance and Support     486,616       17,798       20,221       131,412       656,047  
Algorithms     —       —       —       131,189       131,189  
    $ 1,007,273     $ 17,300     $ 152,142     $ 262,601     $ 1,439,316  
                                         
Timing of Revenue Recognition                                        
                                         
Goods transferred over time   $ 520,657     $ (498 )   $ 131,921     $ —     $ 652,080  
Goods delivered at point in time   $ —       —       —       131,189       131,189  
Services transferred over time     486,616       17,798       20,221       131,412       656,047  
    $ 1,007,273     $ 17,300     $ 152,142     $ 262,601     $ 1,439,316