REVENUE AND CONTRACT ACCOUNTING (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Revenue from Contract with Customer [Abstract] |
|
| Schedule of contracts assets on uncompleted contracts |
| Schedule of contracts assets on uncompleted contracts |
|
|
|
|
|
|
| |
|
March 31, 2025
|
|
|
December 31, 2024
|
|
| Cumulative revenues recognized |
|
$ |
9,981,445 |
|
|
$ |
9,916,761 |
|
| Less: Billings or cash received |
|
|
(9,280,987 |
) |
|
|
(9,280,987 |
) |
| Contract assets |
|
$ |
700,458 |
|
|
$ |
635,774 |
|
|
| Schedule of contract liabilities on uncompleted contracts |
| Schedule of contract liabilities on uncompleted contracts |
|
|
|
|
|
|
| |
|
March 31, 2025
|
|
|
December 31, 2024
|
|
| Billings and/or cash receipts on uncompleted contracts |
|
$ |
1,264,658 |
|
|
$ |
1,264,658 |
|
| Less: Cumulative revenues recognized |
|
|
(861,024 |
) |
|
|
(861,024 |
) |
| Contract liabilities, technology systems |
|
|
403,634 |
|
|
|
403,634 |
|
| Contract liabilities, services and consulting |
|
|
9,964,218 |
|
|
|
11,401,384 |
|
| Total contract liabilities, current |
|
|
10,367,852 |
|
|
|
11,805,018 |
|
| Total contract liabilities, non-current |
|
$ |
9,563,888 |
|
|
$ |
11,016,134 |
|
Contract Liabilities Current
| |
|
|
|
|
|
|
|
|
| |
|
March 31, 2025
|
|
December 31, 2024
|
| Total contract liabilities, current |
|
$ |
3,001,352 |
|
|
$ |
3,188,518 |
|
| Total contract liabilities, current – related parties |
|
|
7,366,500 |
|
|
|
8,616,500 |
|
| Total contract liabilities, current |
|
$ |
10,367,852 |
|
|
$ |
11,805,018 |
|
Contract Liabilities Non-Current
| |
|
|
|
|
|
|
|
|
| |
|
March 31, 2025
|
|
December 31, 2024
|
| Total contract liabilities, non-current |
|
$ |
6,851,513 |
|
|
$ |
7,399,634 |
|
| Total contract liabilities, non-current – related parties |
|
|
2,712,375 |
|
|
|
3,616,500 |
|
| Total contract liabilities, non-current |
|
$ |
9,563,888 |
|
|
$ |
11,016,134 |
|
|
| Schedule of balance in contract liabilities non-monetary transaction |
| Schedule of balance in contract liabilities non-monetary transaction |
|
|
|
|
| Calendar Year |
|
|
Amount |
|
| |
2025 |
|
|
$ |
1,644,363 |
|
| |
2026 |
|
|
|
2,192,484 |
|
| |
2027 |
|
|
|
2,192,484 |
|
| |
2028 |
|
|
|
2,192,484 |
|
| |
2029 |
|
|
|
822,181 |
|
| |
Total Contract Liabilities |
|
|
$ |
9,043,996 |
|
|
| Schedule of balance in contract liabilities equity method interest |
| Schedule of balance in contract liabilities equity method interest |
|
|
|
|
| Calendar Year |
|
|
Amounts |
|
| |
2025 |
|
|
$ |
2,712,375 |
|
| |
2026 |
|
|
|
3,616,500 |
|
| |
Contract
Liability |
|
|
$ |
6,328,875 |
|
|
| Schedule of disaggregation of revenue |
| Schedule of disaggregation of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Segments |
|
Technologies |
|
|
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 |
|
|
|
4,877,501 |
|
| |
|
$ |
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 |
|
For the Three Months Ended March 31, 2024
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Segments |
|
Technologies |
|
|
Data Center Hosting & Related Services |
|
|
Asset Management |
|
|
Total |
|
| Primary Geographical Markets |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
|
$ |
1,070,680 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,070,680 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Major Goods and Service Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Turnkey Projects |
|
$ |
269,855 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
269,855 |
|
| Maintenance and Support |
|
|
800,825 |
|
|
|
— |
|
|
|
— |
|
|
|
800,825 |
|
| |
|
$ |
1,070,680 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,070,680 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Timing of Revenue Recognition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Goods transferred over time |
|
$ |
269,855 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
269,855 |
|
| Services transferred over time |
|
|
800,825 |
|
|
|
— |
|
|
|
— |
|
|
|
800,825 |
|
| |
|
$ |
1,070,680 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,070,680 |
|
|