v3.24.1
Revenue from Contracts with Customers
 12 Months Ended
Dec. 31, 2023
Revenue from Contracts with Customers [Abstract]  
Revenue from Contracts with Customers
4.Revenue from Contracts with Customers

 

The following table presents revenues disaggregated by type:

 

   For the year ended
December 31,		 
   2023   2022 
         
Advertising  $60,026,091   $31,139,398 
Other services and cloud   20,937,360    8,244,886 
Total revenues  $80,963,451   $39,384,284 

 

The Company recognizes revenue either at a point in time, or over time, depending upon the characteristics of the contract. During the year ended December 31, 2023, revenue recognized at a point in time compared to over time was $21,741,274 and $59,222,177, respectively. During the year ended December 31, 2022, revenue recognized at a point in time compared to over time was $15,391,170 and $23,993,114, respectively.

 

Deferred Revenue

 

Deferred revenue recorded at December 31, 2023 is expected to be fully recognized by December 31, 2024. The deferred revenue balance as of December 31, 2023 was $7,003,891. The deferred revenue balance as of December 31, 2022 was $1,040,619, of which $881,596 was recognized as revenues for the year ended December 31, 2023. The deferred revenue balance as of December 31, 2021 was $30,014, of which $30,014 was recognized as revenues for the year ended December 31, 2022.