REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) - Gravitics Inc [Member]
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| SCHEDULE OF DISAGGREGATION OF REVENUE |
The
following table presents the Company’s revenue from contracts with customers disaggregated by customer type for the three and six
months ended June 30, 2026 and 2025 (amounts in thousands):
SCHEDULE
OF DISAGGREGATION OF REVENUE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For
the Three Months Ended
June
30, | | |
For
the Six Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| U.S. Government | |
$ | - | | |
$ | 364 | | |
$ | - | | |
$ | 739 | |
| Commercial | |
| - | | |
| - | | |
| - | | |
| 284 | |
| Total revenues | |
$ | - | | |
$ | 364 | | |
$ | - | | |
$ | 1,023 | |
|
The
following table presents the Company’s revenue from contracts with customers disaggregated by customer type for the years ended
December 31, 2025 and 2024 (amounts in thousands):
SCHEDULE
OF DISAGGREGATION OF REVENUE
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| U.S. Government | |
$ | 761 | | |
$ | 1,014 | |
| Commercial | |
| 283 | | |
| 1,596 | |
| Total revenues | |
$ | 1,044 | | |
$ | 2,610 | |
|
| SCHEDULE OF UNBILLED REVENUE |
The
activity within the Company’s unbilled revenue for the three and six months ended June 30, 2026 was as follows (amounts in thousands):
Schedule
of Unbilled Revenue
| | |
For the
Six Months Ended | |
| | |
June 30, 2026 | |
| Balance, January 1, 2026 | |
$ | 30 | |
| Increase in unbilled revenue | |
| - | |
| Revenue billed | |
| - | |
| Balance, March 31, 2026 | |
| 30 | |
| Increase in unbilled revenue | |
| - | |
| Revenue billed | |
| (30 | ) |
| Balance, June 30, 2026 | |
$ | - | |
|
The
activity within the Company’s unbilled revenue for the years ended December 31, 2025 and December 31, 2024 was as follows (amounts
in thousands):
SCHEDULE
OF UNBILLED REVENUE
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Balance, beginning of year | |
$ | 226 | | |
$ | - | |
| Increase in unbilled revenue | |
| 558 | | |
| 226 | |
| Revenue billed | |
| (754 | ) | |
| - | |
| Balance, end of year | |
$ | 30 | | |
$ | 226 | |
|
| SCHEDULE OF DEFERRED REVENUE |
The
activity within the Company’s deferred revenue for the three and six months ended June 30, 2026 was as follows (amounts in thousands):
SCHEDULE
OF DEFERRED REVENUE
| | |
For the Six Months Ended | |
| | |
June 30, 2026 | |
| Balance, January 1, 2026 | |
$ | 161 | |
| Deferral of revenue | |
| 1,141 | |
| Recognition of revenue | |
| - | |
| Balance, March 31, 2026 | |
| 1,302 | |
| Deferral of revenue | |
| 3,084 | |
| Recognition of revenue | |
| - | |
| Balance, June 30, 2026 | |
$ | 4,386 | |
|
The
activity within the Company’s deferred revenue for the years ended December 31, 2025 and December 31, 2024 was as follows (amounts
in thousands):
SCHEDULE
OF DEFERRED REVENUE
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Balance, beginning of year | |
$- | | |
$- | |
| Deferral of revenue | |
| 161 | | |
| - | |
| Recognition of unearned revenue | |
| - | | |
| - | |
| Balance, end of year | |
$ | 161 | | |
$ | - | |
|