Schedule of Revenue from Contracts with Customers |
| |
Year ended | | |
Year ended | | |
Year ended | |
| |
December 31, 2024 | | |
December 31, 2023 | | |
December 31, 2022 | |
Revenue from contracts with customers | |
| | |
| | |
| |
Hardware sales | |
| | |
| | |
| |
-Video IoT | |
$ | - | | |
$ | - | | |
$ | 1,064,037 | |
-Security Convergence | |
| - | | |
| 62,363 | | |
| 4,472,125 | |
Software sales | |
| | | |
| | | |
| | |
-Video IoT | |
| 15,361 | | |
| 87,306 | | |
| 1,824,854 | |
-Security Convergence | |
| - | | |
| - | | |
| 2,761,988 | |
Service revenue | |
| | | |
| | | |
| | |
-Video IoT | |
| 2,763,050 | | |
| 2,818,014 | | |
| 6,809,496 | |
-Security Convergence | |
| 71,895,619 | | |
| 61,727,308 | | |
| 5,476,308 | |
| |
$ | 74,674,030 | | |
$ | 64,694,991 | | |
$ | 22,408,808 | |
|
Schedule of Revenue from the Transfer of Goods and Services |
The Group derives revenue from the transfer
of goods and services over time and at a point in time in the following major products lines and all revenue took place mainly in Asia
and MENA regions:
Year ended December 31, 2024 | |
Hardware | | |
Software | | |
Service | | |
Total | |
Total revenue streams | |
$ | 1,926 | | |
$ | 15,361 | | |
$ | 104,465,754 | | |
$ | 104,483,041 | |
Inter-revenue streams | |
| (1,926 | ) | |
| - | | |
| (29,807,085 | ) | |
| (29,809,011 | ) |
Revenue from external | |
| | | |
| | | |
| | | |
| | |
customer contracts | |
$ | - | | |
$ | 15,361 | | |
$ | 74,658,669 | | |
$ | 74,674,030 | |
Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
At a point in time | |
$ | - | | |
$ | 15,361 | | |
$ | - | | |
$ | 15,361 | |
Over time | |
| - | | |
| - | | |
| 74,658,669 | | |
| 74,658,669 | |
| |
$ | - | | |
$ | 15,361 | | |
$ | 74,658,669 | | |
$ | 74,674,030 | |
Year ended December 31, 2023 | |
Hardware | | |
Software | | |
Service | | |
Total | |
Total revenue streams | |
$ | 101,702 | | |
$ | 173,123 | | |
$ | 76,157,234 | | |
$ | 76,432,059 | |
Inter-revenue streams | |
| (39,339 | ) | |
| (85,817 | ) | |
| (11,611,912 | ) | |
| (11,737,068 | ) |
Revenue from external | |
| | | |
| | | |
| | | |
| | |
customer contracts | |
$ | 62,363 | | |
$ | 87,306 | | |
$ | 64,545,322 | | |
$ | 64,694,991 | |
Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
At a point in time | |
$ | 62,363 | | |
$ | 87,306 | | |
$ | - | | |
$ | 149,669 | |
Over time | |
| - | | |
| - | | |
| 64,545,322 | | |
| 64,545,322 | |
| |
$ | 62,363 | | |
$ | 87,306 | | |
$ | 64,545,322 | | |
$ | 64,694,991 | |
Year ended December 31, 2022 | |
Hardware | | |
Software | | |
Service | | |
Total | |
Total revenue streams | |
$ | 5,690,577 | | |
$ | 4,586,842 | | |
$ | 13,107,708 | | |
$ | 23,385,127 | |
Inter-revenue streams | |
| (154,415 | ) | |
| - | | |
| (821,904 | ) | |
| (976,319 | ) |
Revenue from external | |
| | | |
| | | |
| | | |
| | |
customer contracts | |
$ | 5,536,162 | | |
$ | 4,586,842 | | |
$ | 12,285,804 | | |
$ | 22,408,808 | |
Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
At a point in time | |
$ | 5,536,162 | | |
$ | 4,586,842 | | |
$ | - | | |
$ | 10,123,004 | |
Over time | |
| - | | |
| - | | |
| 12,285,804 | | |
| 12,285,804 | |
| |
$ | 5,536,162 | | |
$ | 4,586,842 | | |
$ | 12,285,804 | | |
$ | 22,408,808 | |
|