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REVENUE RECOGNITION | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | 5. REVENUE RECOGNITION Disaggregation of Revenue The following table provides information about disaggregated revenue by timing of revenue recognition (in thousands): SCHEDULE OF DISAGGREGATION OF REVENUE
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Total |
|  | Year Ended December 31, 2024 |
|  |  |  |  | License and |  |  |  |  |  |  |
|  | Product |  |  | Royalty |  |  | Contract |  |  |  |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Total |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 4,117 |  |  | $ | 475 |  |  | $ | 104 |  |  | $ | 4,696 |
Products and services transferred over time |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 4,117 |  |  | $ | 475 |  |  | $ | 104 |  |  | $ | 4,696 |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Total |
|  | Year Ended December 31, 2023 |
|  |  |  |  | License and |  |  |  |  |  |  |
|  | Product |  |  | Royalty |  |  | Contract |  |  |  |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Total |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 1,019 |  |  | $ | 4,888 |  |  | $ | 1,106 |  |  | $ | 7,013 |
Products and services transferred over time |  |  | - |  |  |  | - |  |  |  | 246 |  |  |  | 246 |
Total |  | $ | 1,019 |  |  | $ | 4,888 |  |  | $ | 1,352 |  |  | $ | 7,259 |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Total |
|  | Year Ended December 31, 2022 |
|  |  |  |  | License and |  |  |  |  |  |  |
|  | Product |  |  | Royalty |  |  | Contract |  |  |  |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Total |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | - |  |  | $ | 664 |  |  | $ | - |  |  | $ | 664 |
Products and services transferred over time |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | - |  |  | $ | 664 |  |  | $ | - |  |  | $ | 664 |
The following table provides information about revenue and long-lived assets, which is comprised of property and equipment, net, and operating lease right-of-use assets, by geographic area (in thousands): SCHEDULE OF INFORMATION ABOUT REVENUE AND LONG-LIVED ASSETS
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Geographic Area |  | Revenue |  |  | Long-Lived Assets |  |  | Revenue |  |  | Long-Lived Assets |  |  | Revenue |  |  | Long-Lived Assets |
United States |  | $ | 1,058 |  |  | $ | 17,583 |  |  | $ | 4,627 |  |  | $ | 19,580 |  |  | $ | 664 |  |  | $ | 21,409 |
Germany |  |  | 3,628 |  |  |  | 6,224 |  |  |  | 2,138 |  |  |  | 3,210 |  |  |  | - |  |  |  | - |
Other foreign countries |  |  | 10 |  |  |  | - |  |  |  | 494 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 4,696 |  |  | $ | 23,807 |  |  | $ | 7,259 |  |  | $ | 22,790 |  |  | $ | 664 |  |  | $ | 21,409 |
Contract Balances Under Topic 606, the Company’s rights to consideration are presented separately depending on whether those rights are conditional or unconditional. Unconditional rights to consideration are included within accounts receivable, net of allowances in the consolidated balance sheets. Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages): SCHEDULE OF CONTRACT WITH CUSTOMER, CONTRACT ASSET, CONTRACT LIABILITY, AND RECEIVABLE
|  | December 31, |  |  | December 31, |  |  |  |  |  |  |
|  | 2024 |  |  | 2023 |  |  | $ Change |  |  | % Change |
Contract assets and accounts receivable |  | $ | 926 |  |  | $ | 949 |  |  | $ | (23 | ) |  |  | (2.4 | )
Contract liabilities |  |  | (308 | ) |  |  | (300 | ) |  |  | (8 | ) |  |  | (2.7 | )
Net contract assets (liabilities) |  | $ | 618 |  |  | $ | 649 |  |  | $ | (31 | ) |  |  | (4.8 | )
Contract Acquisition Costs The Company is required to capitalize certain contract acquisition costs consisting primarily of commissions paid when contracts are signed. As the Company currently does not pay any commissions upon the signing of a contract, no commission cost has been incurred as of December 31, 2024. Transaction Price Allocated to the Remaining Performance Obligations The remaining balance of the contract liabilities was approximately $0.3 million as of December 31, 2024. The Company expects to recognize 100% of this revenue over the next 12 months.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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