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REVENUE
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE

NOTE 8—REVENUE

 

The following table disaggregates the Company’s revenue for the three-month periods ended March 31, 2022 and 2021 (in thousands):

 

   Hardware   Monitoring   Total 
Three months ended March 31, 2022:               
PG Segment  $523   $922   $1,445 
CP Segment   238    68    306 
Total Revenue  $761   $990   $1,751 

 

   Hardware   Monitoring   Total 
Three months ended March 31, 2021:               
PG Segment  $517   $941   $1,458 
CP Segment   180    67    247 
Total Revenue  $697   $1,008   $1,705 

 

Deferred revenue activity for the three months ended March 31, 2022 can be seen in the table below (in thousands):

 

   Hardware   Monitoring   Total 
Balance at December 31, 2021  $3,268   $2,125   $5,393 
Additions during the period   791    1,012    1,803 
Recognized as revenue   (514)   (990)   (1,504)
Balance at March 31, 2022  $3,545   $2,147   $5,692 
                
Amounts to be recognized as revenue in the twelve-month-period ending:               
March 31, 2022  $1,810   $1,842   $3,652 
March 31, 2023   1,251    299    1,550 
March 31, 2024 and thereafter   484    6    490 
Total  $3,545   $2,147   $5,692 

 

 

Other revenue of approximately $247,000 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 three months ended March 31, 2022 can be seen in the table below (in thousands):

 

Balance at December 31, 2021  $1,513 
Additions, net of adjustments, during the period   377 
Recognized as cost of sales   (242)
Balance at March 31, 2022  $1,648 
      
Amounts to be recognized as cost of sales in the twelve-month-period ending:     
March 31, 2022  $851 
March 31, 2023   572*
March 31, 2024 and thereafter   225*
   $1,648 

 

Other COGS recognized of approximately $174,000 is related to accessories, repairs, and other miscellaneous charges that are recognized to revenue when sold and are not deferred, in addition to approximately $77,000 in monitoring COGS which is not deferred.

 

* Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at March 31, 2022.

 

The following table provides a reconciliation of the Company’s sales commissions contract assets for the three-month period ended March 31, 2022 (in thousands):

 

   Hardware   Monitoring   Total 
Balance at December 31, 2021  $242   $53   $295 
Additions during the period   57    11    68 
Amortization of sales commissions   (35)   (6)   (41)
Balance at March 31, 2022  $264   $58   $322 

 

The capitalized sales commissions are included in other current assets (approximately $152,000) and other assets (approximately $170,000) in the Company’s unaudited condensed consolidated balance sheets at March 31, 2022. The capitalized sales commissions are included in other current assets (approximately $138,000) and other assets (approximately $157,000) in the Company’s unaudited condensed consolidated balance sheets at December 31, 2021.