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REVENUE
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE

NOTE 9—REVENUE

 

The following table disaggregates the Company’s revenue for the three-and-six-month periods ended June 30, 2021 and 2020 (in thousands):

 

   Hardware   Monitoring   Total 
Six months ended June 30, 2021:               
PG Segment  $942   $1,895   $2,837 
CP Segment   349    130    479 
Total Revenue  $1,291   $2,025   $3,316 

 

    Hardware     Monitoring     Total  
Six months ended June 30, 2020:                  
PG Segment   $ 645     $ 1,726     $ 2,371  
CP Segment     308       127       435  
Total Revenue   $ 953     $ 1,853     $ 2,806  

 

    Hardware     Monitoring     Total  
Three months ended June 30, 2021:                        
PG Segment   $ 425     $ 954     $ 1,379  
CP Segment     169       63       232  
Total Revenue   $ 594     $ 1,017     $ 1,611  

 

    Hardware     Monitoring     Total  
Three months ended June 30, 2020:                        
PG Segment   $ 368     $ 894     $ 1,262  
CP Segment     142       64       206  
Total Revenue   $ 510     $ 958     $ 1,468  

 

 

Deferred revenue activity for the six months ended June 30, 2021 can be seen in the table below (in thousands):

 

    Hardware     Monitoring     Total  
Balance at December 31, 2020   $ 2,576     $ 1,978     $ 4,554  
Additions during the period     1,068       2,019       3,087  
Recognized as revenue     (898 )     (2,024 )     (2,922 )
Balance at June 30, 2021   $ 2,746     $ 1,973     $ 4,719  
                         
Amounts to be recognized as revenue in the twelve-month-period ending:                        
June 30, 2022   $ 1,507     $ 1,732     $ 3,239  
June 30, 2023     905       234       1,139  
June 30, 2024 and thereafter     334       7       341  
 Total   $ 2,746     $ 1,973     $ 4,719  

 

Other revenue of approximately $394,000, is related to accessories, repairs, and other miscellaneous charges that are recognized to revenue when sold and are not deferred.

 

Deferred charges relate only to the sale of equipment. Deferred charges activity for the six months ended June 30, 2021 can be seen in the table below (in thousands):

 

Balance at December 31, 2020  $1,306 
Additions, net of adjustments, during the period   472 
Recognized as cost of sales   (467)
Balance at June 30, 2021  $1,311 
      
Amounts to be recognized as cost of sales in the twelve-month-period ending:     
June 30, 2022  $738 
June 30, 2023   425*
June 30, 2024 and thereafter   148*
   $1,311 

 

  * Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at June 30, 2021.

 

Other cost of goods sold (COGS) recognized of approximately $231,000 is related to accessories, repairs, and other miscellaneous charges that are recognized to revenue when sold and are not deferred in addition to $186,000 in monitoring COGS which is not deferred.

 

The following table provides a reconciliation of the Company’s sales commissions contract assets for the six-month period ended June 30, 2021 (in thousands):

 

   Hardware   Monitoring   Total 
Balance at December 31, 2020  $136   $41   $177 
Additions during the period   88    15    103 
Amortization of sales commissions   (48)   (10)   (58)
Balance at June 30, 2021  $176   $46   $222 

 

The capitalized sales commissions are included in other current assets (approximately $107,000) and other assets (approximately $115,000) in the Company’s unaudited condensed consolidated balance sheets at June 30, 2021. The capitalized sales commissions are included in other current assets (approximately $90,000) and other assets (approximately $87,000) in the Company’s consolidated balance sheets at December 31, 2020.