v3.26.1
Revenue Recognition
6 Months Ended
Jun. 30, 2026
Revenue Recognition  
Revenue Recognition

Note 12 – Revenue Recognition

The following tables depict the disaggregation of revenue by product or service and geographic region of the customers for the three and six months ended June 30, 2026 and 2025:

  ​ ​ ​

For the three months ended June 30,

For the six months ended June 30, 

Revenue by product/service

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

PowerBridge sales and shipping

$

3,022

$

944

$

5,945

$

1,246

Other

 

67

 

31

 

226

 

72

Total revenue

$

3,089

$

975

$

6,171

$

1,318

For the three months ended June 30,

For the six months ended June 30, 

Revenue by geographic region

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

United States

$

1,539

$

771

$

4,325

$

1,070

Europe

 

1,550

 

201

 

1,846

 

227

Other

 

 

3

 

 

21

Total revenue

$

3,089

$

975

$

6,171

$

1,318

Substantially all revenue recognized during the three and six months ended June 30, 2026 and 2025 was recognized at a point in time.

Selected balance sheet line items that reflect accounts receivable and contract liabilities as of June 30, 2026, December 31, 2025, and December 31, 2024 were as follows (in thousands):

  ​ ​ ​

Balances as of

  ​ ​

June 30, 2026

  ​ ​

December 31, 2025

  ​ ​

December 31, 2024

Trade receivables

$

3,268

$

2,988

$

78

Deferred revenue

$

64

$

27

$

13

Customer deposits

$

$

32

$

The Company expects to satisfy its obligations under deferred revenue and collect all net trade receivables within one year of June 30, 2026.