v3.26.1
REVENUE AND PRODUCT COSTS
3 Months Ended
Mar. 31, 2026
REVENUE AND PRODUCT COSTS [Abstract]  
REVENUE AND PRODUCT COSTS

2. REVENUE AND PRODUCT COSTS

 

Revenues consist of product sales and technology-enabled services. Product sales include BolaWrap devices, cassettes, and accessories. Technology-enabled services include software subscriptions, body-worn cameras, managed services, policy and training support, and shipping revenue.

 

The table below details the activity in our contract liabilities during the three months ended March 31, 2026.

 

       
   Customer Deposits   Deferred Revenue 
Balance at January 1, 2026 $62  $422 
Additions, net  19   259 
Transfer to revenue  (30  (221
Balance at March 31, 2026 $51  $460 
         
Current portion $51  $449 
Long-term portion $-  $11 

 

As of March 31, 2026, the Company’s deferred revenue of $460 consisted of $9 related to BolaWrap extended warranties and services, $27 related to WRAP Ready, $379 related to Intrensic extended warranties and services, $21 related to VR, $14 related to training and $10 related to WrapTactics.