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REVENUE (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 (in thousands):

 

   HW   Monitoring   Total 
Year ended December 31, 2024:               
PG Segment  $5,579   $4,303   $9,882 
CP Segment   854    250    1,104 
Total Revenue  $6,433   $4,553   $10,986 

 

   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 
SCHEDULE OF DEFERRED REVENUE ACTIVITY

Deferred revenue activity for the year ended December 31, 2024 can be seen in the table below (in thousands):

 

   HW   Monitoring   Total 
Balance at December 31, 2023  $2,965   $2,619   $5,584 
Additions during the period   —    5,043    5,044 
Recognized as revenue   (1,841)   (4,553)   (6,395)
Balance at December 31, 2024  $1,124   $3,109   $4,233 
                
Amounts to be recognized as revenue in the year ending:               
December 31, 2025  $956   $2,565   $3,521 
December 31, 2026   168    541    709 
December 31, 2027 and thereafter   —    3    3 
Total  $1,124   $3,109   $4,233 

Deferred revenue activity for the year ended December 31, 2023 can be seen in the table below (in thousands):

 

   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 
 
SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE
Reconciliation of Hardware Revenue  2024   2023 
Amortization of deferred revenue  $1,841   $2,381 
Sales of custom designed units and related accessories   26    259 
Hardware sales (new product versions)   4,015    475 
Other accessories, services, shipping and miscellaneous charges   551    682 
Total hardware revenue  $6,433   $3,797 
SCHEDULE OF DEFERRED CHARGES ACTIVITY

Deferred charges relate only to the sale of HW. Deferred charges activity for the year ended December 31, 2024 can be seen in the table below (in thousands):

 

      
Balance at December 31, 2023  $1,285 
Additions during the period   — 
Recognized as cost of sales   (809)
Balance at December 31, 2024  $476 
      
Amounts to be recognized as cost of sales in the year ending:     
December 31, 2025  $406 
December 31, 2026 and thereafter   70 
   $476 

 

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):

 

      
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 
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, 2024 (in thousands):

 

   HW   Monitoring   Total 
Balance at December 31, 2023  $268   $96   $364 
Additions during the period   —    73    73 
Amortization of sales commissions   (164)   (45)   (209)
Balance at December 31, 2024  $104   $124   $228 
The following table provides a reconciliation of the Company’s sales commissions contract assets for the year ended December 31, 2023 (in thousands):

 

   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 
 
SCHEDULE OF SALES COMMISSIONS EXPENSE

 

     
Amounts to be recognized as sales commissions expense in the year ending:    
December 31, 2025  $137 
December 31, 2026   55 
December 31, 2027 and thereafter   36 
Total  $228