| Schedule of contract assets on uncompleted contracts |
| Schedule of contract assets on
uncompleted contracts |
|
|
|
|
|
|
| |
|
March 31, 2024
|
|
|
December 31, 2023
|
|
| Cumulative revenues recognized |
|
$ |
9,090,355 |
|
|
$ |
8,820,256 |
|
| Less: Billings or cash received |
|
|
(8,178,309 |
) |
|
|
(8,178,309 |
) |
| Contract assets |
|
$ |
912,046 |
|
|
$ |
641,947 |
|
|
| Schedule of contract liabilities on uncompleted contracts |
| Schedule of contract liabilities
on uncompleted contracts |
|
|
|
|
|
|
| |
|
March 31, 2024
|
|
|
December 31, 2023
|
|
| Billings and/or cash receipts on uncompleted contracts |
|
$ |
1,264,658 |
|
|
$ |
1,264,658 |
|
| Less: Cumulative revenues recognized |
|
|
(199,976 |
) |
|
|
(199,976 |
) |
| Contract liabilities, technology systems |
|
|
1,064,682 |
|
|
|
1,064,682 |
|
| Contract liabilities, services and consulting |
|
|
628,258 |
|
|
|
601,561 |
|
| Total contract liabilities |
|
$ |
1,692,940 |
|
|
$ |
1,666,243 |
|
|
| Schedule of disaggregation of revenue |
| Schedule of disaggregation of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segments |
|
Rail |
|
|
Commercial |
|
|
Government |
|
|
Artificial Intelligence |
|
|
Total |
|
| Primary Geographical Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
|
$ |
1,067,449 |
|
|
$ |
3,231 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,070,680 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Major Goods and Service Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Turnkey Projects |
|
$ |
270,099 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
270,099 |
|
| Maintenance and Support |
|
|
601,379 |
|
|
|
3,231 |
|
|
|
— |
|
|
|
— |
|
|
|
604,610 |
|
| Algorithms |
|
|
195,971 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
195,971 |
|
| |
|
$ |
1,067,449 |
|
|
$ |
3,231 |
|
|
$ |
— |
|
|
$ |
|
|
|
$ |
1,070,680 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Timing of Revenue Recognition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Goods transferred over time |
|
$ |
270,099 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
270,099 |
|
| Services transferred over time |
|
|
797,350 |
|
|
|
3,231 |
|
|
|
— |
|
|
|
— |
|
|
|
800,581 |
|
| |
|
$ |
1,067,449 |
|
|
$ |
3,231 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,070,680 |
|
For the Three Months Ended March 31, 2023
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|