v3.26.1
REVENUE DISAGGREGATION
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE DISAGGREGATION

4. REVENUE DISAGGREGATION

 

The Company’s disaggregated revenues consisted of the following:

          
   For the Three Months Ended
March 31,		 
   2026   2025 
Primary Geographical Markets          
North America  $1,524,000   $1,528,000 
Other   212,000    64,000 
Total Revenue  $1,736,000   $1,592,000 
           
Major Goods          
Power supply units  $1,187,000   $1,273,000 
EV chargers   549,000    319,000 
Total Revenue  $1,736,000   $1,592,000 
           
Timing of Revenue Recognition          
Goods transferred at a point in time  $1,708,000    1,578,000 
Revenue recognized over time   28,000    14,000 
Total Revenue  $1,736,000   $1,592,000 

 

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 consisted of the following:

     
   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 
Advances received   172,000 
Revenue recognized   (130,000)
Advances refunded   (92,000)
Balance, March 31, 2026  $155,000 

 

The customer advances are recorded in the Accounts payable, accrued expenses and other current liabilities line of the condensed consolidated balance sheets.

 

The following table provides the percentage of total revenue attributable to a single customer from which 10% or more of total revenue was derived:

                    
   For the Three Months Ended
March 31, 2026		   For the Three Months Ended
March 31, 2025		 
   Total Revenue   Percentage of   Total Revenue   Percentage of 
    by Major    Total Company    by Major    Total Company 
    Customers    Revenue    Customers    Revenue 
Customer A  $-    -%  $626,000    39%
Customer B  $400,000    23%  $-    -%
Customer C  $460,000    26%  $-    -%
Customer D  $-    -%  $192,000    12%
Customer E   $ -       - %   $ 210,000       13 %

 

Related party sales

 

As of March 31, 2026, and 2025, the Company had related sales of $13,000 and $0 respectively.