XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.26.1

REVENUE | 3 Months Ended
--- | ---
Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
REVENUE | NOTE 12—REVENUE Revenue from the prepayment of monitoring fees (generally paid twelve months in advance) are recorded as deferred revenue upon receipt of payment from the customer and then amortized to revenue over the monitoring service period. This method provides a faithful depiction of the transfer of services as it aligns the recognition of revenue with the period in which the monitoring services are provided. By deferring the revenue and recognizing it over the service period, the financial statements accurately reflect the company’s performance and obligations to its customers. The following table disaggregates the Company’s revenue for the three-month periods ended March 31, 2026 and 2025 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE
|  | Hardware |  |  | Monitoring |  |  | Total |
Three months ended March 31, 2026: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 725 |  |  | $ | 1,358 |  |  | $ | 2,083 |
CP Segment |  |  | 85 |  |  |  | 59 |  |  |  | 144 |
Total Revenue |  | $ | 810 |  |  | $ | 1,417 |  |  | $ | 2,227 |
|  | Hardware |  |  | Monitoring |  |  | Total |
Three months ended March 31, 2025: |  |  |  |  |  |  |  |  |  |  |  |
PG Segment |  | $ | 1,681 |  |  | $ | 1,206 |  |  | $ | 2,887 |
CP Segment |  |  | 148 |  |  |  | 63 |  |  |  | 211 |
Total Revenue |  | $ | 1,829 |  |  | $ | 1,269 |  |  | $ | 3,098 |
The IS segment had no revenue for the three months ended March 31, 2026 as operations were in the pre-revenue stage. Deferred revenue activity for the three-month period ended March 31, 2026 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY
|  | Hardware |  |  | Monitoring |  |  | Total |
Balance at December 31, 2025 |  | $ | 168 |  |  | $ | 3,241 |  |  | $ | 3,409 |
Additions during the period |  |  | — |  |  |  | 1,387 |  |  |  | 1,387 |
Recognized as revenue |  |  | (110 | ) |  |  | (1,417 | ) |  |  | (1,527 | )
Balance at March 31, 2026 |  | $ | 58 |  |  | $ | 3,211 |  |  | $ | 3,269 |
Amounts to be recognized as revenue in the twelve-month-period ending: |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2027 |  | $ | 58 |  |  | $ | 2,876 |  |  | $ | 2,934 |
March 31, 2028 |  |  | — |  |  |  | 321 |  |  |  | 321 |
March 31, 2029 and thereafter |  |  | — |  |  |  | 14 |  |  |  | 14 |
Total |  | $ | 58 |  |  | $ | 3,211 |  |  | $ | 3,269 |
The amount of hardware revenue recognized during the three-month period ended March 31, 2026 that was included in deferred revenue at the beginning of the fiscal year was $110,000. The amount of monitoring revenue during the three-month period ended March 31, 2026 that was included in deferred revenue at the beginning of the fiscal year was $1,255,000. The following table provides a reconciliation of the Company’s hardware revenue for the three-month periods ended March 31, 2026 and 2025 (in thousands): SCHEDULE OF RECONCILIATION OF HARDWARE REVENUE
Reconciliation of Hardware Revenue |  | 2026 |  |  | 2025 |
|  | Three months ended March 31, |
Reconciliation of Hardware Revenue |  | 2026 |  |  | 2025 |
Amortization of deferred revenue |  | $ | 110 |  |  | $ | 315 |
Sales of custom designed units and related accessories |  |  | 19 |  |  |  | 58 |
Hardware sales |  |  | 556 |  |  |  | 1,352 |
Other accessories, services, shipping and miscellaneous charges |  |  | 125 |  |  |  | 104 |
Total hardware revenue |  | $ | 810 |  |  | $ | 1,829 |
Deferred COGS relate only to the sale of equipment. Deferred COGS activity for the three-month period ended March 31, 2026 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY
Balance at December 31, 2025 |  | $ | 70 |
Additions, net of adjustments, during the period |  |  | — |
Recognized as COGS |  |  | (45 | )
Balance at March 31, 2026 |  | $ | 25 |
Amounts to be recognized as COGS in the twelve-month-period ending: |  |  |  |
March 31, 2027 |  | $ | 25 |
The following table provides a reconciliation of the Company’s COGS expense for the three-month periods ended March 31, 2026 and 2025 (in thousands): SCHEDULE OF RECONCILIATION OF COGS EXPENSES
Reconciliation of COGS Expense |  | 2026 |  |  | 2025 |
|  | Three months ended March 31, |
Reconciliation of COGS Expense |  | 2026 |  |  | 2025 |
Amortization of deferred COGS |  | $ | 45 |  |  | $ | 135 |
COGS of custom designed equipment sold with no monitoring |  |  | 5 |  |  |  | 16 |
COGS of hardware sales |  |  | 245 |  |  |  | 469 |
Data costs for monitoring |  |  | 84 |  |  |  | 74 |
Other COGS of accessories, services, shipping and miscellaneous charges |  |  | 63 |  |  |  | 78 |
Total COGS expense |  | $ | 442 |  |  | $ | 772 |
The following table provides a reconciliation of the Company’s sales commissions contract assets for the three-month period ended March 31, 2026 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS
|  | Hardware |  |  | Monitoring |  |  | Total |
Balance at December 31, 2025 |  | $ | 16 |  |  | $ | 148 |  |  | $ | 164 |
Additions during the period |  |  | — |  |  |  | 9 |  |  |  | 9 |
Amortization of sales commissions |  |  | (10 | ) |  |  | (17 | ) |  |  | (27 | )
Balance at March 31, 2026 |  | $ | 6 |  |  | $ | 140 |  |  | $ | 146 |
The capitalized sales commissions are included in other current assets ($64,000) and other assets ($82,000) in the Company’s unaudited condensed consolidated balance sheet at March 31, 2026. The capitalized sales commissions are included in other current assets ($76,000) and other assets ($88,000) in the Company’s condensed consolidated balance sheet at December 31, 2025. Amounts to be recognized as sales commission expense in the twelve-month-period ending (in thousands): SCHEDULE OF SALES COMMISSIONS EXPENSE
March 31, 2027 |  | $ | 64 |
March 31, 2028 |  |  | 44 |
March 31, 2029 and thereafter |  |  | 38 |
Total |  | $ | 146 |

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration