v3.26.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATES OF REVENUE

The following table disaggregates the Company’s revenue for the three-month periods ended March 31, 2026 and 2025 (in thousands):

 

   Hardware   Monitoring   Total 
Three months ended March 31, 2026:               
PG Segment  $725   $1,358   $2,083 
CP Segment   85    59    144 
Total Revenue  $810   $1,417   $2,227 

 

   Hardware   Monitoring   Total 
Three months ended March 31, 2025:               
PG Segment  $1,681   $1,206   $2,887 
CP Segment   148    63    211 
Total Revenue  $1,829   $1,269   $3,098 
SCHEDULE OF DEFERRED REVENUE ACTIVITY

Deferred revenue activity for the three-month period ended March 31, 2026 can be seen in the table below (in thousands):

 

   Hardware   Monitoring   Total 
Balance at December 31, 2025  $168   $3,241   $3,409 
Additions during the period   —    1,387    1,387 
Recognized as revenue   (110)   (1,417)   (1,527)
Balance at March 31, 2026  $58   $3,211   $3,269 
                
Amounts to be recognized as revenue in the twelve-month-period ending:               
March 31, 2027  $58   $2,876   $2,934 
March 31, 2028   —    321    321 
March 31, 2029 and thereafter   —    14    14 
Total  $58   $3,211   $3,269 
SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE

The following table provides a reconciliation of the Company’s hardware revenue for the three-month periods ended March 31, 2026 and 2025 (in thousands):

 

Reconciliation of Hardware Revenue  2026   2025 
  

Three months ended

March 31,

 
Reconciliation of Hardware Revenue  2026   2025 
Amortization of deferred revenue  $110   $315 
Sales of custom designed units and related accessories   19    58 
Hardware sales   556    1,352 
Other accessories, services, shipping and miscellaneous charges   125    104 
Total hardware revenue  $810   $1,829 
SCHEDULE OF DEFERRED CHARGES ACTIVITY

Deferred COGS relate only to the sale of equipment. Deferred COGS activity for the three-month period ended March 31, 2026 can be seen in the table below (in thousands):

 

      
Balance at December 31, 2025  $70 
Additions, net of adjustments, during the period   — 
Recognized as COGS   (45)
Balance at March 31, 2026  $25 
      
Amounts to be recognized as COGS in the twelve-month-period ending:     
March 31, 2027  $25 
SCHEDULE OF RECONCILIATION OF COGS EXPENSES

The following table provides a reconciliation of the Company’s COGS expense for the three-month periods ended March 31, 2026 and 2025 (in thousands):

 

Reconciliation of COGS Expense  2026   2025 
  

Three months ended

March 31,

 
Reconciliation of COGS Expense  2026   2025 
Amortization of deferred COGS  $45   $135 
COGS of custom designed equipment sold with no monitoring   5    16 
COGS of hardware sales   245    469 
Data costs for monitoring   84    74 
Other COGS of accessories, services, shipping and miscellaneous charges   63    78 
Total COGS expense  $442   $772 
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS

The following table provides a reconciliation of the Company’s sales commissions contract assets for the three-month period ended March 31, 2026 (in thousands):

 

   Hardware   Monitoring   Total 
Balance at December 31, 2025  $16   $148   $164 
Additions during the period   —    9    9 
Amortization of sales commissions   (10)   (17)   (27)
Balance at March 31, 2026  $6   $140   $146 
SCHEDULE OF SALES COMMISSIONS EXPENSE

Amounts to be recognized as sales commission expense in the twelve-month-period ending (in thousands):

 

      
March 31, 2027  $64 
March 31, 2028   44 
March 31, 2029 and thereafter   38 
Total  $146