| REVENUE DISAGGREGATION |
4. REVENUE DISAGGREGATION
The Company’s disaggregated revenues consisted
of the following:
| Schedule of disaggregated revenues | |
| | | |
| | |
| | |
For the Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Primary Geographical Markets | |
| | | |
| | |
| North America | |
$ | 6,793,000 | | |
$ | 4,839,000 | |
| Other | |
| 435,000 | | |
| 73,000 | |
| Total Revenue | |
$ | 7,228,000 | | |
$ | 4,912,000 | |
| | |
| | | |
| | |
| Major Goods | |
| | | |
| | |
| Power supply units | |
$ | 6,025,000 | | |
$ | 4,501,000 | |
| EV chargers | |
| 1,203,000 | | |
| 411,000 | |
| Total Revenue | |
$ | 7,228,000 | | |
$ | 4,912,000 | |
| | |
| | | |
| | |
| Timing of Revenue Recognition | |
| | | |
| | |
| Goods transferred at a point in time | |
$ | 7,151,000 | | |
$ | 4,865,000 | |
| Revenue recognized over time | |
| 77,000 | | |
| 47,000 | |
| Total Revenue | |
$ | 7,228,000 | | |
$ | 4,912,000 | |
Customer advances
We defer revenues when cash payments are received
in advance of our performance obligation required under the guidelines of ASC 606. The revenue is recognized upon completion of our related
performance obligations, typically within twelve months following receipt of the customer advances. Customer advances are recorded in
the accounts payable, accrued expenses and other current liabilities line of the consolidated balance sheets.
Customer advances consisted of the following:
| Schedule of customer advances |
|
|
|
|
| |
|
Customer advances |
|
| Balance, December 31, 2024 |
|
$ |
125,000 |
|
| Advances received |
|
|
1,403,000 |
|
| Revenue recognized |
|
|
(1,018,000 |
) |
| Advances refunded |
|
|
(305,000 |
) |
| Balance, December 31, 2025 |
|
$ |
205,000 |
|
The Company’s related party sales consisted of the following:
| Schedule of related party sales |
|
|
|
|
|
|
| |
|
For the Year Ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Related Party |
|
|
|
|
|
|
| Subsidiaries of Hyperscale |
|
$ |
- |
|
|
$ |
28,000 |
|
| |
|
|
|
|
|
|
|
|
The following table provides the percentage of
total revenue attributable to a single customer from which 10% or more of total revenue is derived:
| Schedule of concentration |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended |
|
|
For the Year Ended |
|
| |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
| |
|
Total Revenue |
|
|
Percentage of |
|
|
Total Revenue |
|
|
Percentage of |
|
| |
|
by Major |
|
|
Total Company |
|
|
by Major |
|
|
Total Company |
|
| |
|
Customers |
|
|
Revenue |
|
|
Customer |
|
|
Revenue |
|
| Customer A |
|
$ |
1,709,000 |
|
|
|
24 |
% |
|
$ |
1,721,000 |
|
|
|
35 |
% |
| Customer B |
|
$ |
1,107,000 |
|
|
|
15 |
% |
|
$ |
- |
|
|
|
- |
% |
| Customer C |
|
$ |
865,000 |
|
|
|
12 |
% |
|
$ |
- |
|
|
|
- |
% |
|