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Revenues

6 Months Ended

Jun. 30, 2019

NOTE 4: - REVENUES

Revenue is recognized when or as performance obligations are satisfied by transferring control of a promised good or service to a customer. Control is either transferred over time or at a point in time, which affects the revenue recognition schedule.

Commencing January 1, 2019, Services revenues include revenues related to managed services in addition to service type warranty and post-contract services.

The following table presents the significant changes in the deferred revenues balances during the six months ended June 30, 2019:

Balance, beginning of the period	$	366
Reclassification to revenue as a result of satisfying performance obligation		(266	)
		100

New performance obligations		994
Balance, end of the period		1,094
Less: long-term portion of deferred revenue		(206	)

Current portion, end of the period	$	888

As of June 30, 2019, the Company had $59,804 of remaining performance obligations not yet satisfied or partly satisfied related to its revenues. the Company expects to recognize approximately 52% of this amount as revenues during the next 12 months and the rest thereafter.

For disaggregation of revenues disclosure please see Note 10c.