| SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE |
The
following table presents the Company’s revenues disaggregated by revenue source for the three- and six-months ended June 30, 2020
and 2021:
SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE
| |
|
Three Months Ended June 30 |
|
|
Six Months Ended June 30, |
|
| |
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Products |
|
$ |
9,394 |
|
|
$ |
15,466 |
|
|
$ |
22,602 |
|
|
$ |
26,886 |
|
| Services |
|
|
16,371 |
|
|
|
18,082 |
|
|
|
33,962 |
|
|
|
35,653 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
25,765 |
|
|
$ |
33,548 |
|
|
$ |
56,564 |
|
|
$ |
62,539 |
|
|
| SCHEDULE OF DEFERRED REVENUE |
The
balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2020 and June 30,
2021:
SCHEDULE OF DEFERRED REVENUE
| |
|
December 31, 2020 |
|
|
June 30, 2021 |
|
| |
|
|
|
|
(unaudited) |
|
| |
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Deferred contract costs |
|
$ |
2,157 |
|
|
$ |
2,325 |
|
| Deferred costs |
|
$ |
5,361 |
|
|
$ |
3,963 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue- services (1) |
|
$ |
6,578 |
|
|
$ |
8,525 |
|
| Deferred revenue - products (1) |
|
|
6,767 |
|
|
|
4,944 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
13,345 |
|
|
|
13,469 |
|
| Less: Deferred revenue and contract liabilities - current portion |
|
|
(7,339 |
) |
|
|
(8,048 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred revenue and contract liabilities - less current portion |
|
$ |
6,006 |
|
|
$ |
5,421 |
|
| (1) |
The
Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the
three- and six-month periods ended June 30, 2020 and 2021, the Company recognized revenue of $2,426 and
$4,600,
respectively, and $2,502 and $5,220, respectively that was
included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue
these deferred revenue balances before the year 2026, when the services are performed and, therefore, satisfies its performance
obligation to the customers.
|
|