| Summary of Changes in Total Deferred Revenue |
The change in total deferred revenue was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
|
Year Ended |
|
|
|
September 30, 2025 |
|
|
December 31, 2024 |
|
Deferred revenue, beginning of period |
|
$ |
4,052,270 |
|
|
$ |
1,214,096 |
|
Billings |
|
|
6,745,306 |
|
|
|
4,362,730 |
|
Revenue recognized (prior year deferred revenue) |
|
|
(3,612,072 |
) |
|
|
(1,214,096 |
) |
Revenue recognized (current year deferred revenue) |
|
|
(3,706,242 |
) |
|
|
(3,091,333 |
) |
OpenReel deferred revenue - short-term - previously recognized at acquisition |
|
|
— |
|
|
|
2,663,230 |
|
Vidello deferred revenue - short-term |
|
|
228,610 |
|
|
|
— |
|
Deferred revenue - short-term, end of period |
|
|
3,707,872 |
|
|
|
3,934,627 |
|
OpenReel deferred revenue - long-term |
|
|
93,726 |
|
|
|
117,643 |
|
Deferred revenue - short-term and long-term, end of period |
|
$ |
3,801,598 |
|
|
$ |
4,052,270 |
|
|