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REVENUES | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
REVENUES |
13. | REVENUES
For each of the identified periods, revenues are categorized as follows (in thousands):
Schedule of revenues |  |  |  |  |  |  |  |
|  | Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Product sales |  | $ | 5,970 |  |  | $ | 13,570 |
Maintenance fees |  |  | 67 |  |  |  | 27 |
Professional services |  |  | 69 |  |  |  | 65 |
Shipping and handling |  |  | 256 |  |  |  | 978 |
Discounts and allowances |  |  | (38 | ) |  |  | (80 | )
Total revenues |  | $ | 6,324 |  |  | $ | 14,561 |
The following table disaggregates gross revenue from our clients by significant geographic area for the three months ended March 31, 2025 and 2024:
Schedule of disaggregates gross revenue |  |  |  |  |  |  |  |
|  | For the Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
United States |  | $ | 4,798 |  |  | $ | 13,132 |
Serbia |  |  | 764 |  |  |  | 1,081 |
Romania |  |  | 391 |  |  |  | 95 |
Croatia |  |  | 298 |  |  |  | 94 |
Montenegro |  |  | 73 |  |  |  | 102 |
Bosnia |  |  | – |  |  |  | 57 |
Total revenue |  | $ | 6,324 |  |  | $ | 14,561 |
During the three months ended March 31, 2025 and 2024, 14% and 58% of revenues were derived from federal customers, while 33% and 26% were from state and local governments, respectively. In addition, 25% of revenues in the three months ended March 31, 2025 were sales made outside of the United States compared to 11% in the prior year. At March 31, 2025 and 2024, deferred revenue was $1.9 million and $1.5 million, respectively. These amounts consisted mainly of customer deposits in the amount of $0.7 million and $0.9 million for March 31, 2025 and 2024, respectively, and prepaid multi-year maintenance plans for previously sold products which account for $1.2 million and $0.6 million for March 31, 2025 and 2024, respectively, and pertain to services to be provided through 2035. Revenue recognized during the three months ended March 31, 2025 and 2024 which pertained to revenue deferred in prior years was $48 thousand and $27 thousand respectively. The balance of contract assets is driven by the difference in timing of when revenue is recognized from performance obligations satisfied in the current reporting period and when amounts are invoiced to the customer. The balance of contract liabilities is driven by the difference in timing between when cash is received pursuant to a contract and when the Company’s performance obligations under the contract are satisfied. The following table provides the activity for the contract liabilities recognized (in thousands):
Schedule of contract liabilities |  |  |  |  |  |  |  |
|  | For the Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Beginning Balance |  | $ | 1,647 |  |  | $ | 1,230 |
Additions |  |  | 324 |  |  |  | 111 |
Recognized in revenue |  |  | (72 | ) |  |  | (250 | )
Ending Balance |  | $ | 1,899 |  |  | $ | 1,091 |

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- 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 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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