v3.26.1
Disaggregation of Revenue
 6 Months Ended
Jun. 30, 2026
Disaggregation of Revenue [Abstract]  
Disaggregation of Revenue

Note 4 — Disaggregation of Revenue

 

Disaggregation of Revenue

 

The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from hardware and subscription licenses for work performed in conjunction with its systems recognition policy.

 

Revenues consisted of the following:

 

    For the Three Months Ended
June 30,		     For the Six Months Ended
June 30,		  
    2026     2025     2026     2025  
Revenue                        
Hardware   $ 204     $ 14,770     $ 1,217     $ 15,364  
Software subscriptions     1,199       399       2,700       605  
Total Revenue   $ 1,403     $ 15,169     $ 3,917     $ 15,969  

 

The Company’s operations are located primarily in the United States and Ireland and revenues are generated worldwide. Revenues by geographic region are based on the location of the customer and are as follows:

 

    United States     Ireland     Other Foreign
Countries		     Total  
For the Three Months Ended June 30, 2026:   $ 851     $ 20     $ 532     $ 1,403  
For the Three Months Ended June 30, 2025:   $ 8,354     $ 149     $ 6,666     $ 15,169  
For the Six Months Ended June 30, 2026:   $ 2,367     $ 42     $ 1,508     $ 3,917  
For the Six Months Ended June 30, 2025:   $ 9,101     $ 149     $ 6,719     $ 15,969  

 

As a practical expedient, the Company has elected not to disclose the aggregate amount of the transaction price allocated to unsatisfied performance obligations, as our contracts have an original expected duration of less than one year.

 

Deferred revenue as of June 30, 2026 and December 31, 2025, was $728 and $3,223, respectively. The deferred revenue as of June 30, 2026 is expected to be recognized as revenue within the next twelve months.

 

The following summarizes deferred revenue activities for the periods presented:

 

    For the
Six Months
Ended
June 30,
2026		     For the
Year Ended
December 31,
2025		  
Beginning of the period   $ 3,223     $ —  
Additions     67       5,265  
Revenue recognized     (2,533 )     (2,064 )
Foreign translation difference, net     (29 )     22  
End of the period   $ 728     $ 3,223