| Summary of Changes in Deferred Revenue |
The
change in deferred revenue was as follows for the periods indicated:
Summary of Changes in Deferred Revenue
| | |
Six Months Ended | | |
Year Ended | |
| | |
June 30, 2024 | | |
December 31, 2023 | |
| Deferred revenue, beginning of period | |
$ | 1,214,096 | | |
$ | 930,436 | |
| Billings | |
| 2,255,811 | | |
| 4,781,924 | |
| Revenue recognized (prior year deferred revenue) | |
| (861,496 | ) | |
| (930,436 | ) |
| Revenue recognized (current year deferred revenue) | |
| (1,286,173 | ) | |
| (3,567,828 | ) |
| Deferred revenue, end of period | |
$ | 1,322,238 | | |
$ | 1,214,096 | |
|
The
change in deferred revenue was as follows for the periods indicated:
Summary of Changes in Deferred Revenue
| | |
2023 | | |
2022 | |
| | |
December 31, | |
| | |
2023 | | |
2022 | |
| Deferred revenue, beginning of period | |
$ | 930,436 | | |
$ | 1,060,040 | |
| Billings | |
| 4,781,924 | | |
| 5,040,665 | |
| Revenue recognized (prior year deferred revenue) | |
| (930,436 | ) | |
| (1,004,697 | ) |
| Revenue recognized (current year deferred revenue) | |
| (3,567,828 | ) | |
| (4,165,572 | ) |
| | |
| | | |
| | |
| Deferred revenue, end of period | |
$ | 1,214,096 | | |
$ | 930,436 | |
|