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REVENUE (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
SCHEDULE OF DISAGGREGATES OF REVENUE | The following table disaggregates the Company’s revenue for the nine-month and three-month periods ended September 30, 2024 and 2023 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE
|  | Hardware |  |  | Monitoring |  |  | Total |
Nine months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 3,517 |  |  | $ | 3,164 |  |  | $ | 6,681 |
CP Segment |  |  | 590 |  |  |  | 186 |  |  |  | 776 |
Total Revenue |  | $ | 4,107 |  |  | $ | 3,350 |  |  | $ | 7,457 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 2,017 |  |  | $ | 2,977 |  |  | $ | 4,994 |
CP Segment |  |  | 620 |  |  |  | 195 |  |  |  | 815 |
Total Revenue |  | $ | 2,637 |  |  | $ | 3,172 |  |  | $ | 5,809 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Three months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 1,750 |  |  | $ | 1,076 |  |  | $ | 2,826 |
CP Segment |  |  | 162 |  |  |  | 62 |  |  |  | 224 |
Total Revenue |  | $ | 1,912 |  |  | $ | 1,138 |  |  | $ | 3,050 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Three months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 780 |  |  | $ | 1,018 |  |  | $ | 1,798 |
CP Segment |  |  | 224 |  |  |  | 65 |  |  |  | 289 |
Total Revenue |  | $ | 1,004 |  |  | $ | 1,083 |  |  | $ | 2,087 |
SCHEDULE OF DEFERRED REVENUE ACTIVITY | Deferred revenue activity for the nine months ended September 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 |  |  | — |  |  |  | 3,613 |  |  |  | 3,613 |
Recognized as revenue |  |  | (1,463 | ) |  |  | (3,350 | ) |  |  | (4,813 | )
Balance at September 30, 2024 |  | $ | 1,502 |  |  | $ | 2,882 |  |  | $ | 4,384 |
Amounts to be recognized as revenue in the twelve-month period ending: |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2025 |  | $ | 1,178 |  |  | $ | 2,394 |  |  | $ | 3,572 |
September 30, 2026 |  |  | 324 |  |  |  | 485 |  |  |  | 809 |
September 30, 2027 and thereafter |  |  | — |  |  |  | 3 |  |  |  | 3 |
Total |  | $ | 1,502 |  |  | $ | 2,882 |  |  | $ | 4,384 |
SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE | The following table provides a reconciliation of the Company’s hardware revenue for the nine- and three-month periods ended September 30, 2024 and 2023 (in thousands): SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE
Reconciliation of Hardware Revenue |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Nine months ended September 30, |  |  | Three months ended September 30, |
Reconciliation of Hardware Revenue |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization of deferred revenue |  | $ | 1,463 |  |  | $ | 1,821 |  |  | $ | 436 |  |  | $ | 629 |
Sales of custom designed units and related accessories |  |  | — |  |  |  | 135 |  |  |  | — |  |  |  | 43 |
Hardware sales (new product versions) |  |  | 2,297 |  |  |  | 150 |  |  |  | 1,342 |  |  |  | 150 |
Other accessories, services, shipping and miscellaneous charges |  |  | 347 |  |  |  | 531 |  |  |  | 134 |  |  |  | 182 |
Total hardware revenue |  | $ | 4,107 |  |  | $ | 2,637 |  |  | $ | 1,912 |  |  | $ | 1,004 |
SCHEDULE OF DEFERRED CHARGES ACTIVITY | Deferred COGS relate only to the sale of equipment. Deferred COGS activity for the nine-month period ended September 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 |  |  | (644 | )
Balance at September 30, 2024 |  | $ | 641 |
Amounts to be recognized as COGS in the twelve-month-period ending: |  |  |  |
September 30, 2025 |  | $ | 507 |
September 30, 2026 |  |  | 134 |
September 30, 2027 and thereafter |  |  | — |
|  | $ | 641 |
SCHEDULE OF RECONCILIATION OF COGS EXPENSE | The following table provides a reconciliation of the Company’s COGS expense for the nine- and three-month periods ended September 30, 2024 and 2023 (in thousands): SCHEDULE OF RECONCILIATION OF COGS EXPENSE
Reconciliation of COGS Expense |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Nine months ended September 30, |  |  | Three months ended September 30, |
Reconciliation of COGS Expense |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization of deferred COGS |  | $ | 644 |  |  | $ | 817 |  |  | $ | 193 |  |  | $ | 277 |
COGS of custom designed units and related accessories |  |  | — |  |  |  | 34 |  |  |  | — |  |  |  | 11 |
COGS of hardware sales (new product versions) |  |  | 960 |  |  |  | 66 |  |  |  | 530 |  |  |  | 66 |
Data costs for monitoring |  |  | 186 |  |  |  | 224 |  |  |  | 63 |  |  |  | 76 |
Other COGS of accessories, services, shipping and miscellaneous charges |  |  | 224 |  |  |  | 312 |  |  |  | 77 |  |  |  | 107 |
Total COGS expense |  | $ | 2,014 |  |  | $ | 1,453 |  |  | $ | 863 |  |  | $ | 537 |
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS | The following table provides a reconciliation of the Company’s sales commissions contract assets for the nine-month period ended September 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 |  |  | — |  |  |  | 35 |  |  |  | 35 |
Amortization of sales commissions |  |  | (130 | ) |  |  | (33 | ) |  |  | (163 | )
Balance at September 30, 2024 |  | $ | 138 |  |  |  | 98 |  |  |  | 236 |
SCHEDULE OF SALES COMMISSIONS EXPENSE | Amounts to be recognized as sales commission expense in the twelve-month-period ending: SCHEDULE OF SALES COMMISSIONS EXPENSE
September 30, 2025 |  | $ | 150 |
September 30, 2026 |  |  | 63 |
September 30, 2027 and thereafter |  |  | 23 |
Total |  | $ | 236 |

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