Revenue

12 Months Ended

Dec. 31, 2022

Revenue [Abstract]

REVENUE

NOTE 5 REVENUE

Revenue by type consisted of the following for the year ended December 31, 2022 and 2021:

	For the Years Ended
	December 31,
(Amounts in thousands)	2022		2021
Telecom hardware	$	4,234	$	5,871
Repairs		-		189
Support & maintenance		157		634
Drones		4,828		997
Consulting		218		406
Warranty		-		213
Other		441		754
Total revenue	$	9,878	$	9,064

The following table is a summary of the Company’s timing of revenue recognition for the years ended December 31, 2022 and 2021:

	For the Years Ended
	December 31,
(Amounts in thousands)	2022		2021
Timing of revenue recognition:
Services and products transferred at a point in time	$	9,624	$	8,657
Services and products transferred over time		254		407
Total revenue	$	9,878	$	9,064

The Company disaggregates revenue by source and geographic destination to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

Revenue by source consisted of the following for the years ended December 31, 2022 and 2021:

	For the Years Ended
	December 31,
(Amounts in thousands)	2022		2021
Revenue by products and services:
Products	$	9,624	$	7,760
Services		254		1,304
Total revenue	$	9,878	$	9,064

Revenue by geographic destination consisted of the following for the years ended December 31, 2022 and 2021:

	For the Years Ended
	December 31,
(Amounts in thousands)	2022		2021
Revenue by geography:
North America	$	9,165	$	7,991
International		713		1,073
Total revenue	$	9,878	$	9,064

Contract Balances

The Company records contract assets when it has a right to consideration and records accounts receivable when it has an unconditional right to consideration. Contract liabilities consist of cash payments received (or unconditional rights to receive cash) in advance of fulfilling performance obligations. As of December 31, 2022 and 2021, respectively, the Company did not have a material contract assets balance.

The following table is a summary of the Company’s opening and closing balances of contract liabilities related to contracts with customers.

(Amounts in thousands)	Total
Balance at December 31, 2021	$	3,415
New invoices not yet earned		4,704
Old invoices earned		(3,338	)
Reclassified to held for sale		(1,347	)
Balance at December 31, 2022	$	3,384

In 2022, $3.3 million of deferred revenue from December 31, 2021 was recognized and recorded as revenue in the current year and $2.0 million and $1.4 million of the balance of deferred revenue as of December 31, 2022 is expected to be recognized and recorded as revenue during 2023 and 2024, respectively.