NOTE
17 – REVENUES
Disaggregation
of Revenue
The
following table disaggregates the Company’s revenues by major revenue streams.
SCHEDULE
OF DISAGGREGATION OF REVENUE
| Revenue stream: | |
| | | |
| | |
| | |
Years
Ended December 31, | |
| | |
2024 | | |
2023 | |
| | |
(in
thousands) | |
| Revenue stream: | |
| | | |
| | |
| Cell process development services
and hospital services | |
$ | 1,020 | | |
$ | 515 | |
| License fees | |
| 15 | | |
| 15 | |
| Total | |
$ | 1,035 | | |
$ | 530 | |
A
breakdown of the revenues per customer what constituted at least 10% of revenues is as follows:
SCHEDULE
OF BREAKDOWN OF REVENUES PER CUSTOMER
| | |
2024 | | |
2023 | |
| | |
Years
Ended December 31, | |
| | |
2024 | | |
2023 | |
| | |
(in
thousands) | |
| Revenue earned: | |
| | | |
| | |
| Customer A (United States) | |
| 492 | | |
| - | |
| Customer B (United States) | |
| 300 | | |
| 280 | |
| Customer C (United States) | |
| - | | |
| 90 | |
| Customer D (United States) | |
| 150 | | |
| 280 | |
Contract
Assets and Liabilities
Contract
assets are mainly comprised of accounts receivable net of allowance for doubtful debts, which includes amounts billed and currently due
from customers.
The
activity for accounts receivable is comprised of:
SCHEDULE
OF ACTIVITY FOR TRADE RECEIVABLES
| | |
2024 | | |
2023 | |
| | |
Years
Ended December 31, | |
| | |
2024 | | |
2023 | |
| | |
(in
thousands) | |
| | |
| | |
| |
| Balance as of beginning of period | |
$ | 88 | | |
$ | 36,183 | |
| Deconsolidation of Octomera | |
| 82 | | |
| (5,985 | ) |
| Additions | |
| 670 | | |
| 560 | |
| Collections | |
| (1,268 | ) | |
| (6,230 | ) |
| Allowances for credit losses | |
| 469 | | |
| (24,388 | ) |
| Exchange
rate differences | |
| (1 | ) | |
| (52 | ) |
| Balance as of end of period | |
$ | 40 | | |
$ | 88 | |
The
activity for contract liabilities is comprised of:
SCHEDULE
OF ACTIVITY FOR CONTRACT LIABILITIES
| | |
2024 | | |
2023 | |
| | |
Years
Ended December 31, | |
| | |
2024 | | |
2023 | |
| | |
(in
thousands) | |
| | |
| | |
| |
| Balance as of beginning of period | |
$ | 200 | | |
$ | 70 | |
| Reconsolidation (deconsolidation) of Octomera | |
| 110 | | |
| (106 | ) |
| Deconsolidation of OBI | |
| (60 | ) | |
| - | |
| Additions | |
| 300 | | |
| 236 | |
| Realizations | |
| (445 | ) | |
| - | |
| Balance as of end of period | |
$ | 105 | | |
$ | 200 | |
|