NOTE 4 - Deferred Revenue
Deferred revenue activity for the six months ended June 30, 2026 was as follows (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(1) |
|
|
(1,865 |
) |
|
|
(77 |
) |
|
|
(13 |
) |
|
|
(1,955 |
) |
| Revenue deferred |
|
|
1,747 |
|
|
|
95 |
|
|
|
13 |
|
|
|
1,855 |
|
| Deferred Revenue - June 30, 2026 |
|
$ |
1,296 |
|
|
$ |
69 |
|
|
$ |
- |
|
|
$ |
1,365 |
|
|
(1) |
The total revenue for the six months is $2,644 thousand which includes EngineRoom revenue of $689 thousand which is not deferred revenue and hence, not added in the above table. |
| |
|
License
Agreements |
|
|
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 |
|
|
|
3,309 |
|
| Advance from Customers |
|
|
56 |
|
|
|
- |
|
|
|
- |
|
|
|
56 |
|
| Deferred Revenue - December 31, 2025 |
|
$ |
1,414 |
|
|
$ |
51 |
|
|
$ |
- |
|
|
$ |
1,465 |
|
Deferred revenues were approximately $1,365 thousand and $1,465 thousand as of June 30, 2026 and December 31, 2025, respectively.
The fair value of the deferred revenue approximates the services to be rendered.
|