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REVENUE (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
SCHEDULE OF DISAGGREGATES OF REVENUE | The following table disaggregates the Company’s revenue for the years ended December 31, 2023 and 2022 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE
|  | HW |  |  | Monitoring |  |  | Total |
Year ended December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 2,994 |  |  | $ | 4,006 |  |  | $ | 7,000 |
CP Segment |  |  | 803 |  |  |  | 256 |  |  |  | 1,059 |
Total Revenue |  | $ | 3,797 |  |  | $ | 4,262 |  |  | $ | 8,059 |
|  | HW |  |  | Monitoring |  |  | Total |
Year ended December 31, 2022: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 2,234 |  |  | $ | 3,660 |  |  | $ | 5,894 |
CP Segment |  |  | 854 |  |  |  | 252 |  |  |  | 1,106 |
Total Revenue |  | $ | 3,088 |  |  | $ | 3,912 |  |  | $ | 7,000 |
SCHEDULE OF DEFERRED REVENUE ACTIVITY | Deferred revenue activity for the year ended December 31, 2023 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY
|  | HW |  |  | Monitoring |  |  | Total |
Balance at December 31, 2022 |  | $ | 3,751 |  |  | $ | 2,420 |  |  | $ | 6,171 |
Additions during the period |  |  | 1,595 |  |  |  | 4,461 |  |  |  | 6,056 |
Recognized as revenue |  |  | (2,381 | ) |  |  | (4,262 | ) |  |  | (6,643 | )
Balance at December 31, 2023 |  | $ | 2,965 |  |  | $ | 2,619 |  |  | $ | 5,584 |
Amounts to be recognized as revenue in the year ending: |  |
December 31, 2024 |  | $ | 1,841 |  |  | $ | 2,193 |  |  | $ | 4,034 |
December 31, 2025 |  |  | 956 |  |  |  | 424 |  |  |  | 1,380 |
December 31, 2026 and thereafter |  |  | 168 |  |  |  | 2 |  |  |  | 170 |
Total |  | $ | 2,965 |  |  | $ | 2,619 |  |  | $ | 5,584 |
Deferred revenue activity for the year ended December 31, 2022 can be seen in the table below (in thousands):
|  | HW |  |  | Monitoring |  |  | Total |
Balance at December 31, 2021 |  | $ | 3,268 |  |  | $ | 2,125 |  |  | $ | 5,393 |
Balance |  | $ | 3,268 |  |  | $ | 2,125 |  |  | $ | 5,393 |
Additions during the period |  |  | 2,776 |  |  |  | 4,207 |  |  |  | 6,983 |
Recognized as revenue |  |  | (2,293 | ) |  |  | (3,912 | ) |  |  | (6,205 | )
Balance at December 31, 2022 |  | $ | 3,751 |  |  | $ | 2,420 |  |  | $ | 6,171 |
Balance |  | $ | 3,751 |  |  | $ | 2,420 |  |  | $ | 6,171 |
SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE | SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE
Reconciliation of Hardware Revenue |  | 2023 |  |  | 2022 |
Amortization of deferred revenue |  | $ | 2,381 |  |  | $ | 2,293 |
Sales of custom designed units and related accessories |  |  | 259 |  |  |  | — |
Hardware sales (new product versions) |  |  | 475 |  |  |  | — |
Other accessories, services, shipping and miscellaneous charges |  |  | 682 |  |  |  | 795 |
Total hardware revenue |  | $ | 3,797 |  |  | $ | 3,088 |
SCHEDULE OF DEFERRED CHARGES ACTIVITY | Deferred charges relate only to the sale of HW. Deferred charges activity for the year ended December 31, 2023 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY
Balance at December 31, 2022 |  | $ | 1,694 |
Additions during the period |  |  | 655 |
Recognized as cost of sales |  |  | (1,064 | )
Balance at December 31, 2023 |  | $ | 1,285 |
Amounts to be recognized as cost of sales in the year ending: |  |  |  |
December 31, 2024 |  | $ | 809 |
December 31, 2025 |  |  | 406 |
December 31, 2026 and thereafter |  |  | 70 |
|  | $ | 1,285 |
Deferred charges relate only to the sale of HW. Deferred charges activity for the year ended December 31, 2022 can be seen in the table below (in thousands):
Balance at December 31, 2021 |  | $ | 1,513 |
Balance |  | $ | 1,513 |
Additions during the period |  |  | 1,267 |
Recognized as cost of sales |  |  | (1,086 | )
Balance at December 31, 2022 |  | $ | 1,694 |
Balance |  | $ | 1,694 |
SCHEDULE OF RECONCILIATION OF COGS EXPENSE | SCHEDULE OF RECONCILIATION OF COGS EXPENSE
Reconciliation of COGS Expense |  | 2023 |  |  | 2022 |
Amortization of deferred COGS |  | $ | 1,064 |  |  | $ | 1,086 |
COGS of custom designed units and related accessories |  |  | 67 |  |  |  | — |
COGS of hardware sales (new product versions) |  |  | 215 |  |  |  | — |
Data costs for monitoring |  |  | 299 |  |  |  | 325 |
Other accessories, services, shipping and miscellaneous charges |  |  | 410 |  |  |  | 518 |
Total COGS expense |  | $ | 2,055 |  |  | $ | 1,929 |
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS | The following table provides a reconciliation of the Company’s sales commissions contract assets for the year ended December 31, 2023 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS
|  | HW |  |  | Monitoring |  |  | Total |
Balance at December 31, 2022 |  | $ | 319 |  |  | $ | 80 |  |  | $ | 399 |
Additions during the period |  |  | 148 |  |  |  | 53 |  |  |  | 201 |
Amortization of sales commissions |  |  | (199 | ) |  |  | (37 | ) |  |  | (236 | )
Balance at December 31, 2023 |  | $ | 268 |  |  | $ | 96 |  |  | $ | 364 |
The following table provides a reconciliation of the Company’s sales commissions contract assets for the year ended December 31, 2022 (in thousands):
|  | HW |  |  | Monitoring |  |  | Total |
Balance at December 31, 2021 |  | $ | 242 |  |  | $ | 53 |  |  | $ | 295 |
Balance |  | $ | 242 |  |  | $ | 53 |  |  | $ | 295 |
Additions during the period |  |  | 233 |  |  |  | 55 |  |  |  | 288 |
Amortization of sales commissions |  |  | (156 | ) |  |  | (28 | ) |  |  | (184 | )
Balance at December 31, 2022 |  | $ | 319 |  |  | $ | 80 |  |  | $ | 399 |
Balance |  | $ | 319 |  |  | $ | 80 |  |  | $ | 399 |
SCHEDULE OF SALES COMMISSIONS EXPENSE | SCHEDULE OF SALES COMMISSIONS EXPENSE
Amounts to be recognized as sales commissions expense in the year ending: |  |  |
December 31, 2024 |  | $ | 202 |
December 31, 2025 |  |  | 119 |
December 31, 2026 and thereafter |  |  | 43 |
Total |  | $ | 364 |

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