| SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE |
The
following table presents the Company’s revenues disaggregated by revenue source for the three- and nine-months ended September
30, 2020 and 2021:
SCHEDULE
OF REVENUE DISAGGREGATED BY REVENUE SOURCE
| |
|
Three Months Ended
September 30 |
|
|
Nine Months Ended
September 30, |
|
| |
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Products |
|
$ |
10,914 |
|
|
$ |
10,785 |
|
|
$ |
33,516 |
|
|
$ |
37,671 |
|
| Services |
|
|
16,688 |
|
|
|
18,461 |
|
|
|
50,650 |
|
|
|
54,114 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
27,602 |
|
|
$ |
29,246 |
|
|
$ |
84,166 |
|
|
$ |
91,785 |
|
|
| 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 September
30, 2021:
SCHEDULE
OF DEFERRED REVENUE
| |
|
December 31, 2020 |
|
|
September 30, 2021 |
|
| |
|
|
|
|
(unaudited) |
|
| |
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Deferred contract costs |
|
$ |
2,157 |
|
|
$ |
2,567 |
|
| Deferred costs |
|
$ |
5,361 |
|
|
$ |
2,472 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue- services (1) |
|
$ |
6,578 |
|
|
$ |
8,455 |
|
| Deferred revenue - products (1) |
|
|
6,767 |
|
|
|
3,147 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
13,345 |
|
|
|
11,602 |
|
| Less: Deferred revenue and contract liabilities - current portion |
|
|
(7,339 |
) |
|
|
(6,274 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred revenue and contract liabilities - less current portion |
|
$ |
6,006 |
|
|
$ |
5,328 |
|
| (1) |
The
Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-
and nine-month periods ended September 30, 2020 and 2021, the Company recognized revenue of $2,381 and $6,981, respectively, and
$2,547 and $7,767, 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. |
|