v3.26.1
Revenues
6 Months Ended
Jun. 30, 2026
Revenues [Abstract]  
REVENUES
3. REVENUES

 

Revenue is attributed to the region of the contracting entity, which may differ from the customer’s location. All revenue attributed to the Americas was generated in the United States. Revenue was $1,440 and $12,592 for the three months ended June 30, 2026 and 2025, respectively, and $1,440 and $38,792 for the six months ended June 30, 2026 and 2025, respectively.

 

Deferred Revenue

 

Deferred revenue represents amounts invoiced or received from customers in advance of the Company satisfying its related performance obligations under ASC 606, Revenue from Contracts with Customers. Deferred revenue is recognized as revenue as the Company transfers control of the promised products or services to the customer. The current portion of deferred revenue represents amounts expected to be recognized as revenue within twelve months of the balance sheet date; the long-term portion represents amounts expected to be recognized beyond twelve months, based on the performance and delivery terms of the underlying contracts. Short-term deferred revenue totaled $9,128 and $0 respectively as of June 30, 2026 and 2025. Long-term deferred revenue totaled $17,496 and $0 as of June 30, 2026 and 2025 respectively.