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REVENUE (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
SCHEDULE OF DISAGGREGATES OF REVENUE | The following table disaggregates the Company’s revenue for the six- and three-month periods ended June 30, 2024 and 2023 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE
|  | Hardware |  |  | Monitoring |  |  | Total |
Six months ended June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 1,767 |  |  | $ | 2,088 |  |  | $ | 3,855 |
CP Segment |  |  | 428 |  |  |  | 124 |  |  |  | 552 |
Total Revenue |  | $ | 2,195 |  |  | $ | 2,212 |  |  | $ | 4,407 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Six months ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 1,237 |  |  | $ | 1,959 |  |  | $ | 3,196 |
CP Segment |  |  | 396 |  |  |  | 130 |  |  |  | 526 |
Total Revenue |  | $ | 1,633 |  |  | $ | 2,089 |  |  | $ | 3,722 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Three months ended June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 1,014 |  |  | $ | 1,047 |  |  | $ | 2,061 |
CP Segment |  |  | 151 |  |  |  | 63 |  |  |  | 214 |
Total Revenue |  | $ | 1,165 |  |  | $ | 1,110 |  |  | $ | 2,275 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Three months ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 688 |  |  | $ | 1,001 |  |  | $ | 1,689 |
CP Segment |  |  | 220 |  |  |  | 64 |  |  |  | 284 |
Total Revenue |  | $ | 908 |  |  | $ | 1,065 |  |  | $ | 1,973 |
SCHEDULE OF DEFERRED REVENUE ACTIVITY | Deferred revenue activity for the six months ended June 30, 2024 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY
|  | Hardware |  |  | Monitoring |  |  | Total |
Balance at December 31, 2023 |  | $ | 2,965 |  |  | $ | 2,619 |  |  | $ | 5,584 |
Additions during the period |  |  | — |  |  |  | 2,235 |  |  |  | 2,235 |
Recognized as revenue |  |  | (1,027 | ) |  |  | (2,212 | ) |  |  | (3,239 | )
Balance at June 30, 2024 |  | $ | 1,938 |  |  | $ | 2,642 |  |  | $ | 4,580 |
Amounts to be recognized as revenue in the twelve-month-period ending: |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2025 |  | $ | 1,400 |  |  |  | 2,190 |  |  |  | 3,590 |
June 30, 2026 |  |  | 534 |  |  |  | 448 |  |  |  | 982 |
June 30, 2027 and thereafter |  |  | 4 |  |  |  | 4 |  |  |  | 8 |
Total |  | $ | 1,938 |  |  |  | 2,642 |  |  |  | 4,580 |
SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE | The following table provides a reconciliation of the Company’s hardware revenue for the six- and three-month periods ended June 30, 2024 and 2023 (in thousands): SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE
Reconciliation of Hardware Revenue |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Six months ended June 30, |  |  | Three months ended June 30, |
Reconciliation of Hardware Revenue |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization of deferred revenue |  | $ | 1,027 |  |  | $ | 1,192 |  |  | $ | 492 |  |  | $ | 607 |
Sales of custom designed units and related accessories |  |  | — |  |  |  | 92 |  |  |  | — |  |  |  | 92 |
Hardware sales (new product versions) |  |  | 955 |  |  |  | — |  |  |  | 579 |  |  |  | — |
Other accessories, services, shipping and miscellaneous charges |  |  | 213 |  |  |  | 349 |  |  |  | 94 |  |  |  | 209 |
Total hardware revenue |  | $ | 2,195 |  |  | $ | 1,633 |  |  | $ | 1,165 |  |  | $ | 908 |
SCHEDULE OF DEFERRED CHARGES ACTIVITY | Deferred COGS relate only to the sale of equipment. Deferred COGS activity for the six-month period ended June 30, 2024 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY
Balance at December 31, 2023 |  | $ | 1,285 |
Additions, net of adjustments, during the period |  |  | — |
Recognized as COGS |  |  | (451 | )
Balance at June 30, 2024 |  | $ | 834 |
Amounts to be recognized as COGS in the twelve-month-period ending: |  |  |  |
June 30, 2025 |  | $ | 608 |
June 30, 2026 |  |  | 224 |
June 30, 2027 and thereafter |  |  | 2 |
|  | $ | 834 |
SCHEDULE OF RECONCILIATION OF COGS EXPENSE | The following table provides a reconciliation of the Company’s COGS expense for the six- and three-month periods ended June 30, 2024 and 2023 (in thousands): SCHEDULE OF RECONCILIATION OF COGS EXPENSE
Reconciliation of COGS Expense |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Six months ended June 30, |  |  | Three months ended June 30, |
Reconciliation of COGS Expense |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization of deferred COGS |  | $ | 451 |  |  | $ | 540 |  |  | $ | 216 |  |  | $ | 272 |
COGS of custom designed units and related accessories |  |  | — |  |  |  | 23 |  |  |  | — |  |  |  | 23 |
COGS of hardware sales (new product versions) |  |  | 430 |  |  |  | — |  |  |  | 268 |  |  |  | — |
Data costs for monitoring |  |  | 123 |  |  |  | 148 |  |  |  | 61 |  |  |  | 73 |
Other COGS of accessories, services, shipping and miscellaneous charges |  |  | 147 |  |  |  | 205 |  |  |  | 66 |  |  |  | 115 |
Total COGS expense |  | $ | 1,151 |  |  | $ | 916 |  |  | $ | 610 |  |  | $ | 483 |
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS | The following table provides a reconciliation of the Company’s sales commissions contract assets for the six-month period ended June 30, 2024 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS
|  | Hardware |  |  | Monitoring |  |  | Total |
Balance at December 31, 2023 |  | $ | 268 |  |  | $ | 96 |  |  | $ | 364 |
Additions during the period |  |  | — |  |  |  | 21 |  |  |  | 21 |
Amortization of sales commissions |  |  | (91 | ) |  |  | (21 | ) |  |  | (112 | )
Balance at June 30, 2024 |  | $ | 177 |  |  |  | 96 |  |  |  | 273 |
SCHEDULE OF SALES COMMISSIONS EXPENSE | Amounts to be recognized as sales commission expense in the twelve-month-period ending (in thousands): SCHEDULE OF SALES COMMISSIONS EXPENSE
June 30, 2025 |  | $ | 167 |
June 30, 2026 |  |  | 82 |
June 30, 2027 and thereafter |  |  | 24 |
Total |  | $ | 273 |

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