Schedule of Contract Liabilities on Uncompleted Contracts |
Schedule of Contract Liabilities on Uncompleted Contracts |
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March 31, 2023
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|
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 Contract Liabilities on Uncompleted Contracts |
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2022 |
|
|
2021 |
|
Billings and/or cash receipts on uncompleted contracts |
|
$ |
4,355,470 |
|
|
$ |
4,473,726 |
|
Less: Cumulative revenues |
|
|
(4,144,018 |
) |
|
|
(3,041,088 |
) |
Contract liabilities, technology systems |
|
$ |
211,452 |
|
|
$ |
1,232,638 |
|
Contract Liabilities, services and consulting |
|
|
746,545 |
|
|
|
596,673 |
|
Total Contract Liabilities |
|
$ |
957,997 |
|
|
$ |
1,829,311 |
|
|
Schedule of Disaggregation of Revenue |
Schedule of Disaggregation of Revenue
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Segments |
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Rail |
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Commercial |
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|
Government |
|
|
Artificial Intelligence |
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|
Total |
|
Primary Geographical Markets |
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|
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|
|
North America |
|
$ |
2,376,449 |
|
|
$ |
28,831 |
|
|
$ |
11,353 |
|
|
$ |
227,655 |
|
|
$ |
2,644,288 |
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|
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|
Major Goods and Service Lines |
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|
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|
|
|
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|
|
|
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 |
|
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|
|
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|
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|
Timing of Revenue Recognition |
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|
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|
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 |
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|
Government |
|
|
Artificial Intelligence |
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Total |
|
Primary Geographical Markets |
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|
North America |
|
$ |
1,007,273 |
|
|
$ |
17,300 |
|
|
$ |
152,142 |
|
|
$ |
262,601 |
|
|
$ |
1,439,316 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
Major Goods and Service Lines |
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|
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 |
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|
|
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|
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|
|
|
|
|
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|
|
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 |
|
|
Schedule of Disaggregation of Revenue |
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|
Segments |
|
Rail |
|
|
Commercial |
|
|
Petrochemical |
|
|
Government |
|
|
Banking/Other |
|
|
IT Suppliers |
|
|
Artificial Intelligence |
|
|
Total |
|
Primary Geographical Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
|
$ |
13,710,777 |
|
|
$ |
115,443 |
|
|
$ |
— |
|
|
$ |
237,414 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
948,732 |
|
|
$ |
15,012,366 |
|
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|
Major Goods and Service Lines |
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|
|
|
|
|
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|
|
|
|
|
|
|
|
Turnkey Projects |
|
$ |
10,789,693 |
|
|
$ |
9,297 |
|
|
$ |
— |
|
|
$ |
156,530 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
234,772 |
|
|
$ |
11,190,292 |
|
Maintenance & Support |
|
|
2,921,084 |
|
|
|
106,146 |
|
|
|
— |
|
|
|
80,884 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,108,114 |
|
Data Center Auditing Services |
|
|
— |
|
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|
— |
|
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|
— |
|
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|
— |
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|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Software License |
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|
— |
|
|
|
— |
|
|
|
— |
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|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Algorithms |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
713,960 |
|
|
|
713,960 |
|
|
|
$ |
13,710,777 |
|
|
$ |
115,443 |
|
|
$ |
— |
|
|
$ |
237,414 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
948,732 |
|
|
$ |
15,012,366 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition |
|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods transferred over time |
|
$ |
10,789,693 |
|
|
$ |
9,297 |
|
|
$ |
— |
|
|
$ |
156,530 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
234,772 |
|
|
$ |
11,190,292 |
|
Services transferred over time |
|
|
2,921,084 |
|
|
|
106,146 |
|
|
|
— |
|
|
|
80,884 |
|
|
|
— |
|
|
|
— |
|
|
|
713,960 |
|
|
|
3,822,074 |
|
|
|
$ |
13,710,777 |
|
|
$ |
115,443 |
|
|
$ |
— |
|
|
$ |
237,414 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
948,732 |
|
|
$ |
15,012,366 |
|
Quantitative:
For the Year Ended December 31, 2021
Segments |
|
Rail |
|
|
Commercial |
|
|
Petrochemical |
|
|
Government |
|
|
Banking |
|
|
IT Suppliers |
|
|
Artificial Intelligence |
|
|
Total |
|
Primary Geographical Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
|
$ |
6,883,670 |
|
|
$ |
213,517 |
|
|
$ |
(867 |
) |
|
$ |
314,030 |
|
|
$ |
23,340 |
|
|
$ |
134,717 |
|
|
$ |
691,510 |
|
|
$ |
8,259,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Major Goods and Service Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turnkey Projects |
|
$ |
5,255,491 |
|
|
$ |
27,831 |
|
|
$ |
— |
|
|
$ |
233,145 |
|
|
$ |
1,537 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5,518,004 |
|
Maintenance & Support |
|
|
1,628,179 |
|
|
|
185,686 |
|
|
|
(867 |
) |
|
|
80,885 |
|
|
|
21,803 |
|
|
|
— |
|
|
|
341,915 |
|
|
|
2,257,601 |
|
Data Center Auditing Services |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
131,537 |
|
|
|
— |
|
|
|
131,537 |
|
Software License |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,180 |
|
|
|
— |
|
|
|
3,180 |
|
Algorithms |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
349,595 |
|
|
|
349,595 |
|
|
|
$ |
6,883,670 |
|
|
$ |
213,517 |
|
|
$ |
(867 |
) |
|
$ |
314,030 |
|
|
$ |
23,340 |
|
|
$ |
134,717 |
|
|
$ |
691,510 |
|
|
$ |
8,259,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods transferred over time |
|
$ |
5,255,491 |
|
|
$ |
27,831 |
|
|
$ |
— |
|
|
$ |
233,145 |
|
|
$ |
1,537 |
|
|
$ |
131,537 |
|
|
$ |
349,595 |
|
|
$ |
5,999,136 |
|
Services transferred over time |
|
|
1,628,179 |
|
|
|
185,686 |
|
|
|
(867 |
) |
|
|
80,885 |
|
|
|
21,803 |
|
|
|
3,180 |
|
|
|
341,915 |
|
|
|
2,260,781 |
|
|
|
$ |
6,883,670 |
|
|
$ |
213,517 |
|
|
$ |
(867 |
) |
|
$ |
314,030 |
|
|
$ |
23,340 |
|
|
$ |
134,717 |
|
|
$ |
691,510 |
|
|
$ |
8,259,917 |
|
|