Deferred Revenue (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Deferred Revenue [Abstract] |
|
| Schedule of Deferred Revenue |
| | |
March 31,
2026 | | |
December 31,
2025 | |
| | |
| | |
| |
| Deferred revenue- beginning of period | |
| 10,406,493 | | |
| 6,452,555 | |
| Additions | |
| 1,443,770 | | |
| 6,472,933 | |
| Net changes in liability for pre-existing contracts | |
| 11,850,263 | | |
| 12,925,488 | |
| Revenue recognized for system sales | |
| - | | |
| 407,118 | |
| Revenue recognized for instrument sales | |
| 408,870 | | |
| 1,233,482 | |
| Revenue recognized for warranty sales | |
| 357,479 | | |
| 878,395 | |
| Deferred revenue- end of period | |
| 11,083,914 | | |
| 10,406,493 | |
| | |
| | | |
| | |
| Deferred revenue expected to be recognized in: | |
| | | |
| | |
| One year or less | |
| 3,582,631 | | |
| 3,266,686 | |
| More than one year | |
| 7,501,283 | | |
| 7,139,807 | |
| | |
| 11,083,914 | | |
| 10,406,493 | |
|
| Schedule of Disaggregates our Revenue |
The following table disaggregates our revenue
by major source as of:
| | |
March 31,
2026 | | |
March 31,
2025 | |
| | |
| | |
| |
| System sales | |
| 9,575,370 | | |
| 4,502,482 | |
| Instruments sale | |
| 1,151,228 | | |
| 477,208 | |
| Warranty sale | |
| 357,686 | | |
| 122,504 | |
| Lease income | |
| 17,082 | | |
| 18,416 | |
| Total revenue | |
| 11,101,366 | | |
| 5,120,610 | |
|
| Schedule of Revenues by Geographic Region |
Revenues for three months ended March 31, 2026
and 2025 by geographic region (determined based upon customer domicile), were as follows:
| | |
March 31,
2026 | | |
March 31,
2025 | |
| | |
| | |
| |
| India | |
| 10,952,543 | | |
| 4,188,394 | |
| South America | |
| 74,105 | | |
| 51,884 | |
| Philippines | |
| 35,702 | | |
| - | |
| Indonesia | |
| 24,222 | | |
| 872,977 | |
| UAE | |
| 7,984 | | |
| 7,355 | |
| Nepal | |
| 6,810 | | |
| - | |
| | |
| 11,101,366 | | |
| 5,120,610 | |
|