NOTE 6 – Deferred Revenue
Deferred revenue consisted of the following for the three months ended March 31, 2026 and year ended December 31, 2025 (in thousands):
| Schedule of deferred revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
License
Agreements |
|
|
Professional
Service
Agreements |
|
|
Hardware |
|
|
Total |
|
| Deferred Revenue – January 1, 2026 |
|
$ |
1,414 |
|
|
$ |
51 |
|
|
$ |
- |
|
|
$ |
1,465 |
|
| Revenue recognized |
|
|
(934 |
) |
|
|
(14 |
) |
|
|
(2 |
) |
|
|
(950 |
) |
| Revenue deferred |
|
|
1,462 |
|
|
|
7 |
|
|
|
2 |
|
|
|
1,471 |
|
| Deferred Revenue – March 31, 2026 |
|
$ |
1,942 |
|
|
$ |
44 |
|
|
$ |
- |
|
|
$ |
1,986 |
|
| |
|
License
Agreement |
|
|
Professional
Service
Agreements |
|
|
Hardware |
|
|
Total |
|
| Deferred Revenue – January 1, 2025 |
|
$ |
2,604 |
|
|
$ |
61 |
|
|
$ |
18 |
|
|
$ |
2,683 |
|
| Revenue recognized |
|
|
(4,480 |
) |
|
|
(73 |
) |
|
|
(30 |
) |
|
|
(4,583 |
) |
| Revenue deferred |
|
|
3,234 |
|
|
|
63 |
|
|
|
12 |
|
|
|
3,310 |
|
| Advance from Customer |
|
|
56 |
|
|
|
- |
|
|
|
- |
|
|
|
56 |
|
| Deferred Revenue – December 31, 2025 |
|
$ |
1,414 |
|
|
$ |
51 |
|
|
$ |
- |
|
|
$ |
1,465 |
|
Deferred revenues was approximately $1,986 thousand and $1,465 thousand as of March 31, 2026 and December 31, 2025, respectively.
The fair value of the deferred revenue approximates the services to be rendered.
|