XML 66 R58.htm IDEA: XBRL DOCUMENT v3.24.3
Revenue (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue [Abstract]  
Schedule of Revenue from Contracts with Customers
   Six months
ended
June 30,
2024		   Six months
ended
June 30,
2023		 
Revenue from contracts with customers         
Hardware sales        
Government        
-Video IoT  $20,616   $
-
 
Software sales          
Non-Government          
-Video IoT   194,541    82,745 
-Security Convergence   
-
    
-
 
Service revenue          
Government          
-Video IoT   1,056,025    1,099,987 
-Security Convergence   19,112,606    4,767,044 
Non-Government          
-Video IoT   177,657    274,663 
-Security Convergence   113,246    204,896 
   $20,674,691   $6,429,335 
Schedule of Revenue from the Transfer of Goods and Services The Group derives revenue from the transfer of goods and services over time and at a point in time in the following major products lines and all revenue took place mainly in Asia and MENA region:
Six months ended June 30, 2024  Hardware   Software   Service   Total 
Total revenue streams  $22,557   $194,541   $20,966,070   $21,183,168 
Inter-revenue streams   (1,941)   
-
    (506,536)   (508,477)
Revenue from external customer contracts  $20,616   $194,541   $20,459,534   $20,674,691 
Timing of revenue recognition                    
At a point in time  $20,616   $194,541   $
-
   $215,157 
Over time   
-
    
-
    20,459,534    20,459,534 
   $20,616   $194,541   $20,459,534   $20,674,691 
Six months ended June 30, 2023  Hardware   Software   Service   Total 
Total revenue streams  $30,482   $168,562   $6,346,590   $6,545,634 
Inter-revenue streams   (30,482)   (85,817)   
-
    (116,299)
Revenue from external customer contracts  $
-
   $82,745   $6,346,590   $6,429,335 
Timing of revenue recognition                    
At a point in time  $
-
   $82,745   $
-
   $82,745 
Over time   
-
    
-
    6,346,590    6,346,590 
   $
-
   $82,745   $6,346,590   $6,429,335 

 
Schedule of Revenue-Related Contract Assets and Liabilities The Group has recognized the following revenue-related contract assets and liabilities:
   June 30,
2024		   December 31,
2023		 
Contract assets:        
Contract assets relating to service contracts  $35,756,098   $34,213,379 
Contract liabilities:          
Contract liabilities relating to service contracts   $48,200   $107,603 
Schedule of Revenue Recognized that was Included in the Contract Liabilities Balance Revenue recognized that was included in the contract liabilities balance at the beginning of the period:
   Six months
ended
June 30,
2024		   Six months
ended
June 30,
2023		 
Revenue recognized that was included in the contract liability balance at the beginning of the year        
Service revenue   $54,199   $
                        -