Quarterly report [Sections 13 or 15(d)]

Revenue

v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table presents the components of our revenue:
Three months ended
June 30,		 Six months ended June 30,
2026 2025 2026 2025
Cost plus fixed fee $ 852,357  $ 2,075,566  $ 934,431  $ 2,240,822 
Firm fixed-price 33,590  -  111,090  - 
Total $ 885,947  $ 2,075,566  $ 1,045,521  $ 2,240,822 
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 June 30, 2026, accounts receivable, net totaled $841,071. There were no allowances for credit losses included in accounts receivable as of June 30, 2026 and December 31, 2025. Bad debt expense was $0 for the three and six months ended June 30, 2026 and 2025.