Seymour Arasalov

That's correct, yes.

We use artificial intelligence and machine learning specifically to provide customer support across 100 languages so that we want to close the gap between the countries and the language.

So even if you are a small and medium business based in Siberia or in South Korea, now you can actually, using our solutions, you can sell to English-speaking or vice versa.

And help me understand what customers are paying you for today and what they pay you on average per month.

So currently, this month, actually, we hit the $59,000 monthly recurring revenue.

This is the second month this is repeating.

And we expect to close the year at $650,000 total revenue.

So the customers are currently paying for us specifically for on-premise solution, on-premise installation, because we offer on-premise.

And we are the only one in this space offering on-premise.

These are financial institutions, insurance companies.

They respect the privacy of the data, so they prefer on-premise solution.

So we charge them a one-time fee as well as retainer fee, sort of a maintenance and support fee.

And then we also have a cloud-based solution.

That's a subscription-based service.

Got it.

What is the setup fee typically?

Setup fee, one-time fee is about $45,000.

And then on a monthly basis, they pay about $2,500 to $4,500 on a monthly basis to support, maintain.

And then we also build new integrations for them on a monthly basis.

And that helps us to have this lump sum balance.