| REVENUE DISAGGREGATION |
4. REVENUE DISAGGREGATION
The Company’s disaggregated revenues consisted
of the following:
| Schedule of disaggregated revenues | |
| | | |
| | | |
| | | |
| | |
| | |
For the Three Months Ended
June 30, | | |
For the Six Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Primary Geographical Markets | |
| | | |
| | | |
| | | |
| | |
| North America | |
$ | 1,335,000 | | |
$ | 1,593,000 | | |
$ | 2,859,000 | | |
$ | 3,121,000 | |
| Other | |
| 419,000 | | |
| 99,000 | | |
| 631,000 | | |
| 163,000 | |
| Total Revenue | |
$ | 1,754,000 | | |
$ | 1,692,000 | | |
$ | 3,490,000 | | |
$ | 3,284,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Major Goods | |
| | | |
| | | |
| | | |
| | |
| Power supply units | |
$ | 1,628,000 | | |
$ | 1,213,000 | | |
$ | 2,815,000 | | |
$ | 2,486,000 | |
| EV chargers | |
| 126,000 | | |
| 479,000 | | |
| 675,000 | | |
| 798,000 | |
| Total Revenue | |
$ | 1,754,000 | | |
$ | 1,692,000 | | |
$ | 3,490,000 | | |
$ | 3,284,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Timing of Revenue Recognition | |
| | | |
| | | |
| | | |
| | |
| Goods transferred at a point in time | |
$ | 1,728,000 | | |
| 1,670,000 | | |
| 3,436,000 | | |
| 3,248,000 | |
| Revenue recognized over time | |
| 26,000 | | |
| 22,000 | | |
| 54,000 | | |
| 36,000 | |
| Total Revenue | |
$ | 1,754,000 | | |
$ | 1,692,000 | | |
$ | 3,490,000 | | |
$ | 3,284,000 | |
Customer advances
We defer revenues when cash payments are received
in advance of our performance obligation required under the guidelines of ASC 606. The revenue is recognized upon completion of our related
performance obligations, typically within twelve months following receipt of the customer advances.
Customer advances consisted of the following:
| Schedule of customer advances | |
| |
| |
| Customer
advances | | |
| Balance, December 31, 2024 | |
$ | 125,000 | |
| Advances received | |
| 1,403,000 | |
| Revenue recognized | |
| (1,018,000 | ) |
| Advances refunded | |
| (305,000 | ) |
| Balance, December 31, 2025 | |
| 205,000 | |
| Advances received | |
| 286,000 | |
| Revenue recognized | |
| (201,000 | ) |
| Advances refunded | |
| (197,000 | ) |
| Balance, June 30, 2026 | |
$ | 93,000 | |
The customer advances are recorded in the Accounts
payable, accrued expenses and other current liabilities line of the condensed consolidated balance sheets.
The following table provides the percentage of
total revenue attributable to a single customer from which 10% or more of total revenue was derived:
| Schedule of concentration | |
| | |
| | |
| | |
| |
| | |
For the Three Months Ended
June 30, 2026 | | |
For the Six Months Ended
June 30, 2026 | |
| | |
Total Revenue | | |
Percentage of | | |
Total Revenue | | |
Percentage of | |
| | |
by Major | | |
Total Company | | |
by Major | | |
Total Company | |
| | |
Customers | | |
Revenue | | |
Customers | | |
Revenue | |
| Customer A | |
$ | - | | |
| - | % | |
$ | - | | |
| - | % |
| Customer B | |
$ | 423,000 | | |
| 24 | % | |
$ | 823,000 | | |
| 24 | % |
| Customer C | |
$ | 2,000 | | |
| - | % | |
| 462,000 | | |
| 13 | % |
| Customer F | |
$ | 246,000 | | |
| 14 | % | |
| 409,000 | | |
| 12 | % |
| Customer G | |
$ | 242.000 | | |
| 14 | % | |
| 412,000 | | |
| 12 | % |
| | |
For the Three Months Ended
June 30, 2025 | | |
For the Six Months Ended
June 30, 2025 | |
| | |
Total Revenue | | |
Percentage of | | |
Total Revenue | | |
Percentage of | |
| | |
by Major | | |
Total Company | | |
by Major | | |
Total Company | |
| | |
Customers | | |
Revenue | | |
Customers | | |
Revenue | |
| Customer A | |
$ | 348,000 | | |
| 21 | % | |
$ | 974,000 | | |
| 30 | % |
| Customer D | |
$ | 239,000 | | |
| 14 | % | |
$ | 431,000 | | |
| 13 | % |
| Customer E | |
$ | 223,000 | | |
| 13 | % | |
$ | 433,000 | | |
| 13 | % |
Related party sales
As of the three and six months ended, June 30, 2026, and 2025, the Company had
related party sales of $13,000 and $0 respectively.
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