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REVENUES | 6 Months Ended
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Jun. 30, 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 |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Product sales |  | $ | 6,784 |  |  | $ | 13,981 |  |  | $ | 12,754 |  |  | $ | 27,551 |
Maintenance fees |  |  | 71 |  |  |  | 26 |  |  |  | 138 |  |  |  | 53 |
Professional services |  |  | 78 |  |  |  | 357 |  |  |  | 147 |  |  |  | 422 |
Shipping and handling |  |  | 150 |  |  |  | 549 |  |  |  | 406 |  |  |  | 1,526 |
Discounts and allowances |  |  | (8 | ) |  |  | (101 | ) |  |  | (46 | ) |  |  | (179 | )
Total revenues |  | $ | 7,075 |  |  | $ | 14,812 |  |  | $ | 13,399 |  |  | $ | 29,373 |
The following table disaggregates gross revenue from our clients by significant geographic area for the three and six months ended June 30, 2025 and 2024:
Schedule of disaggregates gross revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
United States |  | $ | 3,822 |  |  | $ | 12,041 |  |  | $ | 8,621 |  |  | $ | 25,173 |
Serbia |  |  | 1,370 |  |  |  | 1,891 |  |  |  | 2,132 |  |  |  | 2,972 |
Romania |  |  | 712 |  |  |  | 448 |  |  |  | 1,103 |  |  |  | 543 |
Croatia |  |  | 425 |  |  |  | 174 |  |  |  | 723 |  |  |  | 268 |
Montenegro |  |  | 286 |  |  |  | 155 |  |  |  | 360 |  |  |  | 257 |
Bosnia |  |  | 329 |  |  |  | 30 |  |  |  | 329 |  |  |  | 87 |
Other |  |  | 131 |  |  |  | 73 |  |  |  | 131 |  |  |  | 73 |
Total revenue |  | $ | 7,075 |  |  | $ | 14,812 |  |  | $ | 13,399 |  |  | $ | 29,373 |
During the three and six months ended June 30, 2025 and 2024, 2%, 8%, 35% and 47% of revenues were derived from federal customers, respectively, while 32%, 32%, 34% and 30% were from state and local governments, respectively. In addition, 47% and 37% of revenues in the three and six months ended June 30, 2025 were sales made outside of the United States compared to 19% and 15% in the prior year. At June 30, 2025 and 2024, deferred revenue was $1.7 million and $1.5 million, respectively. These amounts consisted mainly of customer deposits in the amount of $0.5 million and $1.0 million for June 30, 2025 and 2024, respectively, and prepaid multi-year maintenance plans for previously sold products which account for $1.2 million and $0.8 million for June 30, 2025 and 2024, respectively, and pertain to services to be provided through 2035. Revenue recognized during the six months ended June 30, 2025 and 2024 which pertained to revenue deferred in prior years was $114 thousand and $53 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 Six Months Ended |
|  | June 30, |
|  | 2025 |  |  | 2024 |
Beginning Balance |  | $ | 1,647 |  |  | $ | 1,230 |
Additions |  |  | 60 |  |  |  | 202 |
Recognized in revenue |  |  | (32 | ) |  |  | 80 |
Ending Balance |  | $ | 1,675 |  |  | $ | 1,512 |

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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 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
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