| SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE |
The
following table presents the Company’s revenues disaggregated by revenue source for the three-months ended March 31, 2021 and 2022:
SCHEDULE
OF REVENUE DISAGGREGATED BY REVENUE SOURCE
| |
|
2021 |
|
|
2022 |
|
| |
|
Three Months Ended March 31, |
|
| |
|
2021 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Products |
|
$ |
11,420 |
|
|
$ |
14,392 |
|
| Services |
|
|
17,571 |
|
|
|
18,769 |
|
| |
|
|
|
|
|
|
|
|
| Total revenue |
|
$ |
28,991 |
|
|
$ |
33,161 |
|
|
| SCHEDULE OF DEFERRED REVENUE |
The
balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2021 and March
31, 2022:
SCHEDULE
OF DEFERRED REVENUE
| |
|
December
31, 2021 |
|
|
March
31, 2022 |
|
| |
|
|
|
|
|
|
(unaudited) |
|
| Assets: |
|
|
|
|
|
|
|
|
| Deferred
contract costs |
|
$ |
3,045 |
|
|
$ |
3,042
|
|
| Deferred
costs |
|
$ |
2,011 |
|
|
$ |
1,640 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue- services
(1) |
|
$ |
8,401 |
|
|
$ |
9,576
|
|
| Deferred
revenue - products (1) |
|
|
2,546 |
|
|
|
2,058
|
|
| |
|
|
|
|
|
|
|
|
| Deferred revenue |
|
|
10,947 |
|
|
|
11,634 |
|
| Less:
Deferred revenue and contract liabilities - current portion |
|
|
(6,519 |
) |
|
|
(7,168 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred
revenue and contract liabilities - less current portion |
|
$ |
4,428 |
|
|
$ |
4,466 |
|
| (1) |
The
Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-month
periods ended March 31, 2021 and 2022, the Company recognized revenue of $2,718
and $2,208, 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 2027, when the services are performed and, therefore, satisfies its performance obligation to the customers.
|
|