v3.25.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Contract Liabilities

The following table provides information about contract liabilities for the year ended December 31, 2023:

 

   Contract Liabilities 
Balance at December 31, 2022  $
-
 
Cash received from prepayment of royalty revenue   3,000,000 
Recognition of royalty revenue   (3,000,000)
Balance at December 31, 2023  $
-
 
Schedule of Accounts Receivable and Royalty Receivable from Contracts with Customers

The following table provides information about accounts receivable and royalty receivable from contracts with customers:

 

   Accounts Receivable   Royalty Receivable 
December 31, 2023  $337,774   $88,286 
December 31, 2024  $346,618   $38,163 
Schedule of Customer Accounted Net Revenues

During the year ended December 31, 2023, four customers accounted for approximately 48% of the Company’s net revenues. Receivables from these customers as of December 31, 2023 totaled $110,051. A summary of customer concentrations is presented in the table below.

 

Customer  2023
Revenue ($)		   2023
Revenue %   		   2023
Receivables ($)		   2023
Receivables %		 
A  $1,776,089    18%   
-
    
-
 
B   1,093,682    11%   
-
    
-
 
C   1,060,113    11%  $21,766    5%
D   771,787    8%   88,286    21%
Total  $4,701,671    48%  $110,051              26%

During the year ended December 31, 2024, four customers accounted for approximately 48% of the Company’s net revenues. Accounts receivable and royalty receivables from the customers as of December 31, 2024 totaled $326,689. A summary of customer concentrations is presented in the table below.

 

Customer  2024 Revenue ($)   2024 Revenue %   2024 Receivables ($)   2024 Receivables % 
A  $1,117,735    20%  $272,162    53%
B   616,697    11%   
-
    0.00%
C   532,412    9%   13,230    3%
D   443,987    8%   41,298    8%
Total  $2,710,831    48%  $326,689          64%
Schedule of Basic and Diluted Income Per Units The following summarizes the calculation of basic and diluted income per units for the year ended December 31, 2023:
   Weighted Average Units   Net Income 
Basic   88,804,035   $2,932,802 
Convertible Debt   4,811,900    127,643 
Diluted   93,615,935   $3,060,445 
Net Income Per Common Unit – Diluted       $0.03 
Net Income Per Common Unit – Basic       $0.03 
The following summarizes the calculation of basic and diluted income per unit for the year ended December 31, 2024:
   Weighted
Average
Units		   Net Loss 
Basic & Diluted   89,825,160   $(143,224)
Net Income Per Common Unit - Basic & Diluted       $(0.00)