REVENUE RECOGNITION - SAGTEC TRANSACTION |
12 Months Ended |
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Dec. 31, 2025 | |
| Revenue from Contract with Customer [Abstract] | |
| REVENUE RECOGNITION - SAGTEC TRANSACTION | NOTE 11 – REVENUE RECOGNITION - SAGTEC TRANSACTION
During the year ended December 31, 2025, the Company entered into a transaction with Sagtec Global Limited (“Sagtec”) related to the Company’s technology platform and related services. As of December 31, 2025, certain aspects of the transaction, including final implementation, delivery obligations, acceptance provisions, supporting documentation, and/or other contractual performance conditions, remained subject to ongoing review and evaluation.
Management evaluated the transaction in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, including assessment of the identification of performance obligations, transfer of control, collectability considerations, and timing of revenue recognition.
Based on management’s assessment of the facts and circumstances existing as of December 31, 2025, the Company recognized revenue to the extent management determined that the applicable revenue recognition criteria had been satisfied. Amounts associated with undelivered elements, unresolved contingencies, customer acceptance provisions, or other pending matters, if any, were deferred pending resolution of such matters.
The Company continues to evaluate the transaction and related accounting treatment in conjunction with its auditors. Accordingly, additional information, revisions to estimates, or subsequent developments related to the Sagtec transaction could result in adjustments to the timing or amount of revenue recognized in future periods. Management does not currently believe that any such potential adjustments would materially impact the Company’s previously issued financial statements; however, no assurance can be provided that additional adjustments will not be required.
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