| Summary of Changes in Deferred Revenue |
The
change in total deferred revenue was as follows for the periods indicated:
Schedule of Changes in Total Deferred Revenue
| | |
Six Months
Ended | | |
Year
Ended | |
| | |
June
30, 2025 | | |
December
31, 2024 | |
| Deferred revenue, beginning of period | |
$ | 3,934,627 | | |
$ | 1,214,096 | |
| Billings | |
| 4,628,355 | | |
| 4,362,730 | |
| Revenue recognized (prior year deferred revenue) | |
| (2,867,837 | ) | |
| (1,214,096 | ) |
| Revenue recognized (current year deferred revenue) | |
| (1,923,747 | ) | |
| (3,091,333 | ) |
| OpenReel deferred revenue - short-term - previously
recognized at acquisition | |
| — | | |
| 2,663,230 | |
| Vidello deferred revenue
- short-term | |
| 324,449 | | |
| — | |
| Deferred revenue - short-term, end of period | |
| 4,095,847 | | |
| 3,934,627 | |
| OpenReel deferred revenue
- long-term | |
| 115,725 | | |
| — | |
| Deferred revenue - short-term
and long-term, end of period | |
$ | 4,211,572 | | |
$ | 3,934,627 | |
|
The change in total deferred revenue was as follows
for the periods indicated:
Summary of Changes in Deferred Revenue
| | |
Year Ended | | |
Year Ended | |
| | |
December 31, 2024 | | |
December 31, 2023 | |
| Deferred revenue, beginning of period | |
$ | 1,214,096 | | |
$ | 930,436 | |
| Billings | |
| 4,362,730 | | |
| 4,781,924 | |
| Revenue recognized (prior year deferred revenue) | |
| (1,214,096 | ) | |
| (930,436 | ) |
| Revenue recognized (current year deferred revenue) | |
| (3,091,333 | ) | |
| (3,567,828 | ) |
| OpenReel deferred revenue - short-term | |
| 2,663,230 | | |
| — | |
| Deferred revenue - short-term, end of period | |
| 3,934,627 | | |
| 1,214,096 | |
| OpenReel deferred revenue - long-term | |
| 117,643 | | |
| — | |
| Deferred revenue - short-term and long-term, end of period | |
$ | 4,052,270 | | |
$ | 1,214,096 | |
|