| Summary of Revenue by Region |
The
following table summarizes revenue by region based on the billing address of customers for the three months ended June 30, 2024 and 2023:
Summary
of Revenue by Region
| | |
Three Months Ended June 30, | |
| | |
2024 | | |
2023 | |
| | |
Amount | | |
Percentage of Revenue | | |
Amount | | |
Percentage of Revenue | |
| Americas | |
$ | 587,712 | | |
| 55 | % | |
$ | 704,626 | | |
| 59 | % |
| Europe, Middle East and Africa (EMEA) | |
| 360,666 | | |
| 34 | % | |
| 389,318 | | |
| 33 | % |
| Asia Pacific | |
| 119,819 | | |
| 11 | % | |
| 99,377 | | |
| 8 | % |
| Total | |
$ | 1,068,197 | | |
| 100 | % | |
$ | 1,193,321 | | |
| 100 | % |
The
following table summarizes revenue by region based on the billing address of customers for the six months ended June 30, 2024 and 2023:
| | |
Six Months Ended June 30, | |
| | |
2024 | | |
2023 | |
| | |
Amount | | |
Percentage of Revenue | | |
Amount | | |
Percentage of Revenue | |
| Americas | |
$ | 1,170,539 | | |
| 55 | % | |
$ | 1,374,401 | | |
| 62 | % |
| Europe, Middle East and Africa (EMEA) | |
| 746,916 | | |
| 34 | % | |
| 797,228 | | |
| 30 | % |
| Asia Pacific | |
| 230,214 | | |
| 11 | % | |
| 198,753 | | |
| 8 | % |
| Total | |
$ | 2,147,669 | | |
| 100 | % | |
$ | 2,370,382 | | |
| 100 | % |
|
The
following table summarizes revenue by region based on the billing address of customers:
Summary
of Revenue by Region
| | |
Year Ended December 31, | |
| | |
2023 | | |
2022 | |
| | |
Amount | | |
Percentage
of Revenue | | |
Amount | | |
Percentage
of Revenue | |
| Americas | |
$ | 2,677,050 | | |
| 59 | % | |
$ | 3,307,129 | | |
| 62 | % |
| Europe, Middle East and Africa (EMEA) | |
| 1,511,886 | | |
| 33 | % | |
| 1,588,539 | | |
| 30 | % |
| Asia Pacific | |
| 372,364 | | |
| 8 | % | |
| 437,311 | | |
| 8 | % |
| Total | |
$ | 4,561,300 | | |
| 100 | % | |
$ | 5,332,979 | | |
| 100 | % |
|
| Summary of Accounts Receivable, Net |
Summary
of Accounts Receivable, Net
| | |
Opening Balance | | |
Closing Balance | | |
Opening Balance | | |
Closing Balance | |
| | |
1/1/2024 | | |
6/30/2024 | | |
1/1/2023 | | |
6/30/2023 | |
| Accounts receivable, net | |
$ | 105,049 | | |
$ | 26,161 | | |
$ | 68,416 | | |
$ | 109,533 | |
|
Summary
of Accounts Receivable, Net
| | |
For The Years Ended December 31, | |
| | |
2023 | | |
2022 | |
| | |
Opening
Balance | | |
Closing
Balance | | |
Opening
Balance | | |
Closing
Balance | |
| Accounts receivable, net | |
$ | 68,416 | | |
$ | 105,049 | | |
$ | 74,727 | | |
$ | 68,416 | |
|
| Summary of Costs to Obtain Contract Activity |
The
following summarizes the Costs to obtain a contract activity during the three and six months ended June 30, 2024:
Summary
of Costs to Obtain Contract Activity
| | |
| | |
| Balance - December 31, 2023 | |
$ | 51,472 | |
| Commissions Incurred | |
| 31,610 | |
| Deferred Commissions Recognized | |
| (44,620 | ) |
| Balance - March 31, 2024 | |
| 38,462 | |
| Commissions Incurred | |
| 48,316 | |
| Deferred Commissions Recognized | |
| (47,634 | ) |
| Balance - June 30, 2024 | |
$ | 39,144 | |
The
following summarizes the Costs to obtain a contract activity during the three and six months ended June 30, 2023:
| | |
| | |
| Balance - December 31, 2022 | |
$ | 69,737 | |
| Commissions Incurred | |
| 88,928 | |
| Deferred Commissions Recognized | |
| (104,289 | ) |
| Balance - March 31, 2023 | |
| 54,376 | |
| Commissions Incurred | |
| 60,777 | |
| Deferred Commissions Recognized | |
| (75,001 | ) |
| Balance - June 30, 2023 | |
$ | 40,152 | |
|
The
following summarizes the Costs to obtain a contract activity during the years ended December 31, 2023 and 2022:
Summary
of Costs to Obtain Contract Activity
| Balance-December 31, 2021 | |
$ | 90,662 | |
| Commissions Incurred | |
| 343,003 | |
| Deferred Commissions Recognized | |
| (363,928 | ) |
| Balance-December 31, 2022 | |
| 69,737 | |
| Commissions Incurred | |
| 242,810 | |
| Deferred Commissions Recognized | |
| (261,075 | ) |
| Balance-December 31, 2023 | |
$ | 51,472 | |
|