REVENUE
The following table illustrates the Company’s revenue:
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| | | | Twelve Months Ended December 31, |
| | | | | | 2025 | | 2024 |
| Managed Services Revenue | | | | | | $ | 31,024,581 | | | $ | 35,058,023 | |
| SaaS Services Revenue | | | | | | 213,272 | | | 822,987 | |
| Total Revenue | | | | | | $ | 31,237,853 | | | $ | 35,881,010 | |
The Company’s revenue is predominantly derived from Managed Services. Managed Services revenue consists primarily of Sponsored Social and Content services. Sponsored Social revenue, which totaled $27.4 million and $30.6 million for the years ended December 31, 2025 and 2024, respectively, is recognized over time. Content revenue, which totaled $3.6 million and $4.5 million for the years ended December 31, 2025 and 2024, respectively, is recognized at a point in time. SaaS Services Revenue, which is not material to total revenue, is recognized over time.
The following table provides the Company’s revenues as determined by customer geographic region:
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| | | | Twelve Months Ended December 31, |
| | | | | | 2025 | | 2024 |
| Revenue from North America | | | | | | $ | 28,578,321 | | | $ | 29,359,483 | |
| Revenue from Other | | | | | | 257,566 | | | 1,114,281 | |
| Revenue from APAC | | | | | | 2,401,966 | | | 5,407,246 | |
| Total | | | | | | $ | 31,237,853 | | | $ | 35,881,010 | |
Contract Assets and Liabilities
The following tables provide information about receivables, contract assets, and contract liabilities from contracts with customers reported in the Company’s consolidated balance sheet:
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| December 31, 2025 | | December 31, 2024 | | December 31, 2023 |
| Accounts receivable | $ | 3,509,671 | | | $ | 7,835,041 | | | $ | 5,133,677 | |
| Unbilled contract assets | — | | | 151,783 | | | 83,696 | |
| Allowance for credit losses | (111,192) | | | (205,000) | | | (205,000) | |
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Contract liabilities(1) | (4,729,767) | | | (8,188,651) | | | (8,891,205) | |
| Net contract assets (liabilities) | $ | (1,331,288) | | | $ | (406,827) | | | $ | (3,878,832) | |
(1) Contract liabilities represent consideration received from customers for which the related performance obligations have not yet been satisfied.
The Company does not typically enter into contracts with original terms exceeding one year. As a result, substantially all of the contract liabilities recorded at the end of the year are recognized as revenue in the following year. The contract liability balance as of December 31, 2024, was $8.2 million. Of that balance, $7.5 million was recognized as revenue during the year ended December 31, 2025. The contract liability balance as of December 31, 2025, was $4.7 million. The Company expects to recognize substantially all of this balance as revenue within the next twelve months.
Contract receivables are recognized when the Company’s right to consideration is unconditional. Contract liabilities relate to the consideration received from customers in advance of the Company satisfying performance obligations under the terms of the contracts. Contract liabilities increase as advance payments from customers are received and decrease as revenue is recognized upon satisfaction of the related the performance obligations.
As a practical expedient, the Company expenses the costs of sales commissions and other incremental costs of obtaining customer contracts when the amortization period of such costs would have been one year or less.
Remaining Performance Obligations
As substantially all of the Company’s contracts have terms of one year or less, the remaining performance obligations at December 31, 2025 and December 31, 2024, are equal to the contract liabilities disclosed above. The Company expects to recognize substantially all of the remaining performance obligations as of December 31, 2025 as revenue within twelve months.