Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUES AND CONTRACT ACCOUNTING (Tables)

v3.26.1
REVENUES AND CONTRACT ACCOUNTING (Tables)
 12 Months Ended
Dec. 31, 2025
Revenues And Contract Accounting  
Schedule of contract assets on uncompleted contracts
           
    2025     2024  
Cumulative revenues recognized   $ 10,022,709     $ 9,916,761  
Less: Billings or cash received     (9,280,987 )     (9,280,987 )
Contract Assets   $ 741,722     $ 635,774  
Schedule of contract liabilities on uncompleted contracts
                                   
   

Technology

 Systems

     Services and Consulting     Technology Solutions     CN Digital Agreement     Services and Consulting-
Related Parties		     Total  
Beginning balance at December 31, 2024   $ 403,634     $ 592,400       —     $ 9,592,118     $ 12,233,000     $ 22,821,152  
Revenue recognized from the beginning balance     (269,303 )     (592,400 )     —       —       (8,616,500 )     (9,478,203 )
Billings during the year     —       1,014,159       1,132,164       —       —       2,146,323  
Revenue recognized from current billings     —       (844,790 )     —       (1,461,657 )     —       (2,306,447 )
Impairment     —       —       —       (8,130,461 )             (8,130,461 )
Ending balance at December 31, 2025   $ 134,331     $ 169,369     $ 1,132,164     $ —     $ 3,616,500     $ 5,052,364  
                                                 
Contract liabilities, less current portion   $  (134,331 )   $  (169,369 )   $  (1,132,164 )      —     $  (3,616,500 )   $  (5,052,364 )
Contract liabilities, non-current portion     —       —       —       —       —       —  

 

 

Year ended December 31, 2024

                                     
   

Technology

 Systems

     Services and Consulting     Technology Solutions     CN Digital Agreement     Services and Consulting-
Related Parties		     Total  
Beginning balance at December 31, 2023   $ 1,064,682     $ 601,561     $ —     $ —     $ —     $ 1,666,243  
Revenue recognized from the beginning balance     (661,048 )     (601,561 )     —       —       —     (1,262,609 )
Billings during the year     —       1,578,293       —       11,161,428       13,154,562     25,894,283  
Revenue recognized from current billings     —       (985,893 )     —       (1,569,310 )     (921,562 )   (3,476,765 )
Impairment     —       —       —       —       —     —  
Ending balance at December 31, 2024   $ 403,634     $ 592,400     $ —     $ 9,592,118     $ 12,233,000     $ 22,821,152  
                                                 
Contract liabilities, less current portion   $  (403,634 )   $  (592,400 )     —     $  (2,192,484 )   $  (8,616,500 )   $  (11,805,018 )
Contract liabilities, non-current portion     —       —       —     $  7,399,634     $  3,616,500     $  11,016,134  

Schedule of contract liabilities, technology systems
             
    December 31,  
    2025     2024  
Billings and/or cash receipts on uncompleted contracts   $ 1,264,658     $ 1,264,658  
Less: Cumulative revenues recognized   $ (1,130,327 )   $ (861,024 )
Contract liabilities, technology systems, current   $ 134,331     $ 403,634  
Schedule of balance in contract liabilities
     
Calendar Year   Amounts  
2026     3,616,500  
Contract Liabilities   $ 3,616,500  
Schedule of disaggregation of revenue
                             
Segments   Technologies    

 

 

Technology Solutions

     Data Center Hosting & Related Services     Asset Management     Total  
Primary Geographical Markets                                        
                                         
North America   $ 4,261,642     $ 349,166     $ 56,000     $ 22,356,843     $ 27,023,651  
                                         
Major Goods and Service Lines                                        
                                         
Turnkey Projects   $ 373,270     $ —     $ —     $ —     $ 373,270  
Maintenance and Support     3,888,372       349,166       56,000       22,356,843       26,650,381  
    $ 4,261,642     $ 349,166     $ 56,000     $ 22,356,843     $ 27,023,651  
                                         
Timing of Revenue Recognition                                        
                                         
Goods transferred over time   $ 373,270       349,166     $ —     $ —     $ 722,436  
Services transferred over time     3,888,372       —       56,000       22,346,843       26,301,215  
    $ 4,261,642     $ 349,166     $ 56,000     $ 22,356,843     $ 27,023,651  

 

 

For the year Ended December 31, 2024

                               
Segments   Technologies    

 

 

Technology Solutions

     Data Center Hosting & Related Services     Asset Management     Total  
Primary Geographical Markets                                        
                                         
North America   $ 6,359,323     $ —     $ —     $ 921,562     $ 7,280,885  
                                         
Major Goods and Service Lines                                        
                                         
Turnkey Projects   $ 2,252,357     $ —     $ —     $ —     $ 2,252,357  
Maintenance and Support     4,106,966       —       —       921,562       5,028,528  
    $ 6,359,323     $ —     $ —     $ 921,562     $ 7,280,885  
                                         
Timing of Revenue Recognition                                        
                                         
Goods transferred over time   $ 2,252,357     $ —     $ —     $ —     $ 2,252,357  
Services transferred over time     4,106,966       —       —       921,562       5,028,528  
    $ 6,359,323     $ —     $ —     $ 921,562     $ 7,280,885