Quarterly report [Sections 13 or 15(d)]

REVENUES AND CONTRACT ACCOUNTING (Tables)

v3.26.1
REVENUES AND CONTRACT ACCOUNTING (Tables)
 3 Months Ended
Mar. 31, 2026
Revenues And Contract Accounting  
Schedule of contract assets on uncompleted contracts
                   
    Technology Systems     Technology Solution     Total  
Deferred Cost   $ —     $ 3,028,435     $ 3,028,435  
Cumulative revenues recognized     10,024,940       —       10,024,940  
Less cumulative billings     (9,280,987 )     —       (9,280,987 )
Contract Asset   $ 743,953     $

3,028,435

     $ 3,772,388  

 

As of December 31, 2025

                   
    Technology Systems     Technology Solution     Total  
Deferred Cost   $ —     $ —     $ —  
Cumulative revenues recognized     10,022,709       —       10,022,709  
Less cumulative billings     (9,280,987 )     —       (9,280,987 )
Contract Asset   $ 741,722     $ —     $ 741,722  

Schedule of contract liabilities, technology systems
                                   
    Technology Systems     Services and Consulting     Technology Solutions     CN Digital Agreement     Services and Consulting-
Related Parties		     Total  
Beginning balance at December 31, 2025   $ 134,331     $ 169,369     $ 1,132,164     $ —     $ 3,616,500     $ 5,052,364  
Revenue recognized from the beginning balance     (42,028 )     (141,700 )     —       —       (904,125 )     (1,087,853 )
Billings during the period     —       208,170       1,764,421       —       —       1,972,591  
Revenue recognized from current billings     —       (69,390 )     —       —       —       (69,390 )
Ending balance at March 31, 2026   $ 92,303     $ 166,449     $ 2,896,585     $  —     $ 2,712,375     $ 5,867,712  
                                                      
Contract assets, less current portion   $ (92,303 )     (166,449 )   $ (2,896,585 )   $ —     $ (2,712,375 )    $ (5,867,712 )
Contract assets, non-current portion      —       —       —       —       —       —  

 

 

Technology Systems

 

At March 31, 2026 and December 31, 2025 contract liabilities, technology systems consisted of the following:

           
    March 31, 2026     December 31, 2025  
Billings and/or cash receipts on uncompleted contracts   $ 1,264,658     $ 1,264,658  
Less: Cumulative revenues recognized   $ (1,172,355 )   $ (1,130,327 )
Contract liabilities, technology systems, current   $ 92,303     $ 134,331  
Schedule of contract liabilities, technology systems
           
    March 31, 2026     December 31, 2025  
Billings and/or cash receipts on uncompleted contracts   $ 1,264,658     $ 1,264,658  
Less: Cumulative revenues recognized   $ (1,172,355 )   $ (1,130,327 )
Contract liabilities, technology systems, current   $ 92,303     $ 134,331  
Schedule of balance in contract liabilities
     
Calendar Year   Amounts  
2026 (Remaining)   $ 2,712,375  
Contract Liabilities   $ 2,712,375  
Schedule of disaggregation of revenue
                             
Segments   Technologies    

 

 

Technology Solutions

     Data Center Hosting & Related Services     Asset Management     Total  
Primary Geographical Markets                                        
                                         
North America   $ 576,726     $ 562,454     $ 30,275     $ 1,552,572     $ 2,722,027  
                                         
Major Goods and Service Lines                                        
                                         
Turnkey Projects   $ 44,259     $ —     $ —     $ —     $ 44,259  
Maintenance and Support     532,467       562,454       30,275       1,552,572       2,677,768  
    $ 576,726     $ 562,454     $ 30,275     $ 1,552,572     $ 2,722,027  
                                         
Timing of Revenue Recognition                                        
                                         
Goods transferred over time   $ 44,259     $ 562,454     $ —     $ —     $ 606,713  
Services transferred over time     532,467       —       30,275       1,552,572       2,115,314  
    $ 576,726     $ 562,454     $ 30,275     $ 1,552,572     $ 2,722,027  

 

 

For the three months ended March 31, 2025

                               
Segments   Technologies    

 

 

Technology Solutions

     Data Center Hosting & Related Services     Asset Management     Total  
Primary Geographical Markets                                        
                                         
North America   $ 1,037,435     $ —     $ —     $ 3,914,750     $ 4,952,185  
                                         
Major Goods and Service Lines                                        
                                         
Turnkey Projects   $ 64,684     $ —     $ —     $ —     $ 64,684  
Maintenance and Support     972,751       —       —       3,914,750       4,887,501  
    $ 1,037,435     $ —     $ —     $ 3,914,750     $ 4,952,185  
                                         
Timing of Revenue Recognition                                        
                                         
Goods transferred over time   $ 64,684     $ —     $ —     $ —     $ 64,684  
Services transferred over time     972,751       —       —       3,914,750       4,887,501  
    $ 1,037,435     $ —     $ —     $ 3,914,750     $ 4,952,185