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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table depicts the disaggregation of revenue by type of products or services and timing of transfer of products or services (in thousands):
|  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  |
Type of products or services |  |  |  |  |  |  |  |  |
QCaaS |  |  |  |  | $ | 6,745 |  |  | $ | 4,895 |  |  |
Professional services |  |  |  |  | 1,938 |  |  | 3,816 |  |  |
Other revenue* |  |  |  |  | 144 |  |  | 47 |  |  |
Total revenue |  |  |  |  | $ | 8,827 |  |  | $ | 8,758 |  |  |
Timing of revenue recognition |  |  |  |  |  |  |  |  |
Revenue recognized over time |  |  |  |  | $ | 8,773 |  |  | $ | 8,569 |  |  |
Revenue recognized at a point in time |  |  |  |  | 54 |  |  | 189 |  |  |
Total revenue |  |  |  |  | $ | 8,827 |  |  | $ | 8,758 |  |  |
*Other revenue includes support and maintenance and printed circuit board sales. The following table presents a summary of revenue by geography for the years ended December 31, 2024 and 2023, based on customer location (in thousands):
|  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  |
United States |  |  |  |  | $ | 2,151 |  |  | $ | 3,325 |  |  |
Germany |  |  |  |  | 1,894 |  |  | 1,268 |  |  |
Japan |  |  |  |  | 1,133 |  |  | 909 |  |  |
Canada |  |  |  |  | 1,101 |  |  | 432 |  |  |
Other |  |  |  |  | 2,548 |  |  | 2,824 |  |  |
Total revenue |  |  |  |  | $ | 8,827 |  |  | $ | 8,758 |  |  |
Schedule of Significant Customers | The tables below present the significant customers on a percentage of total revenue basis for the years ended December 31, 2024 and 2023.
|  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  |
Customer A |  |  |  |  | 17 | % |  | 12 | % |  |
Customer B |  |  |  |  | — | % |  | 11 | % |  |
Customer C |  |  |  |  | — | % |  | 11 | % |  |
Schedule of Contract Balances and Revenue Recognized | The following table provides information about account receivable, contract assets and liabilities as of December 31, 2024 and December 31, 2023 (in thousands):
| As of December 31,
| 2024 |  | 2023
Trade accounts receivable and contract assets, net: |  |  |
Trade accounts receivable, net of allowance for doubtful accounts and excluding unbilled receivables | $ | 867 |  |  | $ | 644 |
Contract asset for unbilled receivables | 553 |  |  | 1,008 |
Contract acquisition costs | 174 |  |  | — |
Total contract assets | $ | 1,594 |  |  | $ | 1,652 |
Contract liabilities: |  |  |
Deferred revenue, current | $ | 18,686 |  |  | $ | 2,669 |
Deferred revenue, non-current | 670 |  |  | 79 |
Customer deposit 1 | 48 |  |  | 45 |
Total contract liabilities | $ | 19,404 |  |  | $ | 2,793 |
1 Customer deposit is included in accrued expenses and other current liabilities on the consolidated balance sheets. Changes in deferred revenue from contracts with customers were as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023
Balance at beginning of period | $ | 2,748 |  |  | $ | 1,790 |
Deferral of revenue | 25,435 |  |  | 7,089 |
Recognition of deferred revenue | (8,827) |  |  | (6,131) |
Balance at end of period | $ | 19,356 |  |  | $ | 2,748 |

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