REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE

The following table provides information about disaggregated revenue by timing of revenue recognition (in thousands):

	Three Months Ended March 31, 2024
	Product		License and Royalty		Contract
	revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	856	$	47	$	53	$	956
Product and services transferred over time		-		-		-		-
Total	$	856	$	47	$	53	$	956

	Three Months Ended March 31, 2023
	Product		License and Royalty		Contract
	revenue		revenue		revenue		Total
Timing of revenue recognition:
Products transferred at a point in time	$	590	$	-	$	-	$	590
Product and services transferred over time		-		-		192		192
Total	$	590	$	-	$	192	$	782

SCHEDULE OF CONTRACT WITH CUSTOMER, CONTRACT ASSET, CONTRACT LIABILITY, AND RECEIVABLE

Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages):

	March 31,			December 31,
	2024			2023			$ Change		% Change
Contract assets	$	1,121		$	949		$	172		18.1
Contract liabilities		(213	)		(300	)		87		(29.0	)
Net contract assets (liabilities)	$	908		$	649		$	259		39.9

SCHEDULE OF ESTIMATED TIMING OF REVENUE RECOGNITION

The remaining balance of the contract liabilities was approximately $0.2 million as of March 31, 2024. The following table provides information about the estimated timing of revenue recognition (in thousands):

	Remainder of 2024		2025
Revenue	$	213	$	-