Quarterly report [Sections 13 or 15(d)]

Revenue

v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table presents the components of our revenue:
Three months ended
March 31,
2026 2025
Cost plus fixed fee $ 82,075  $ 165,256 
Firm fixed-price 77,500 
Total $ 159,575  $ 165,256 
Our performance obligations under service agreements are generally satisfied over time as the service is provided and, therefore, all revenue above has been recognized over time.
Contract Balances – As of March 31, 2026, accounts receivable, net totaled $0. There were no allowances for credit losses included in accounts receivable as of March 31, 2026 and December 31, 2025, respectively. Bad debt expense was $0 for the three months ended March 31, 2026 and 2025.