Disaggregation of Revenue (Tables)

9 Months Ended

Sep. 30, 2024

Disaggregation of Revenue

Schedule of disaggregation of revenue by major products/service lines, and timing of revenue recognition


		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2023			2023			2023			2023
Major products/service lines
Licensing fees - royalty revenue		$	73,500		$	73,500		$	220,500		$	276,500

Total Revenue		$	73,500		$	73,500		$	220,500		$	276,500

Timing of revenue recognition
Products transferred at a point in time		$	—		$	—		$	—		$	—
Products and services transferred over time			73,500			73,500			220,500			276,500
		$	73,500		$	73,500		$	220,500		$	276,500

Schedule of contract balances


		September 30,			December 31,
		2024			2023
Assets
Trade receivables - net		$	34,500		$	63,000
Liabilities
Contracted liabilities - long term		$	405,000		$	418,500


		September 30,			December 31,
		2024			2023
Contract liabilities
Opening		$	418,500		$	447,500
Additions			—			—
Transfer to revenue			(13,500)			(29,000)
Ending		$	405,000		$	418,500