v3.26.1
PRIOR PERIOD REVISION
6 Months Ended
Jun. 30, 2026
PRIOR PERIOD REVISION  
PRIOR PERIOD REVISION

NOTE 12 – PRIOR PERIOD REVISION

 

The Company identified an error in the prior‑year disaggregated revenue amounts of net sales by type. As such, the Company has revised the net sales by type for the three and six months ended June 30, 2025. This correction affected only the disaggregation of net sales among Platform, Adapter, and Software and Services sales and did not impact the Company’s previously reported consolidated balance sheets, statements of operations, comprehensive income (loss), or statements of cash flows. While the total revenue was not affected, the Company has revised the presentation of net sales by type for the three and six months ended June 30, 2025 to enhance comparability.

  

 

 

 Three Months Ended

 

 

 Six Months Ended

 

Net sales by type

 

June 30, 2025

As Previously Reported

 

 

Effect of Revision

 

 

June 30, 2025

As Revised

 

 

June 30, 2025

As Previously Reported

 

 

Effect of Revision

 

 

June 30, 2025

As Revised

 

 (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Platform sales

 

$2,997

 

 

$(584)

 

$2,413

 

 

$6,315

 

 

$(829)

 

$5,486

 

Adapter sales

 

 

2,331

 

 

 

131

 

 

 

2,462

 

 

 

4,293

 

 

 

111

 

 

 

4,404

 

Software and services sales*

 

 

620

 

 

 

453

 

 

 

1,073

 

 

 

1,516

 

 

 

718

 

 

 

2,234

 

Total

 

$5,948

 

 

$-

 

 

$5,948

 

 

$12,124

 

 

$-

 

 

$12,124

 

*includes service and parts sales associated with equipment service contracts