Revenue Recognition |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Forge Nano, Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenue Recognition | 14.Revenue Recognition Contract Liabilities The following table provides information on the changes in the balance of contract liabilities for the years ended December 31:
Total contract liabilities increased by $114 during 2025. The increase was primarily due to the Company’s effort to push sales, and increasing sales deposits during the year Contract Assets The following table provides information on the changes in the balance of contract assets for the years ended December 31:
Total contract assets increased by $2,926 during 2025, primarily driven by unbilled revenue related to equipment orders for which revenue was recognized, but the equipment had not yet been shipped to customers as of year-end. The Company recognized losses on trade receivables and contract assets of $24 and $4 as of December 31, 2025 and 2024, respectively. Performance Obligations As of December 31, 2025, the Company had remaining performance obligations primarily related to equipment orders. Revenue from these performance obligations is recognized as control of the equipment transfers to customers, which may occur over periods extending beyond twelve months depending on delivery schedules and customer acceptance. |
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