REVENUE FROM CONTRACTS WITH CUSTOMERS

3 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

NOTE 10 – REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenues

We disaggregate our revenue from contracts with customers (clients) by service type. See the below table:

	Three Months Ended
(in thousands)	December 31,
	2024		2023
vCISO services	$	1,254	$	1,161
Cybersecurity software and services		654		575
Total	$	1,908	$	1,736

Deferred Revenue

Deferred revenue is comprised of payments received from our clients for products or services in advance of receiving the product or service and primarily occurs for annual software and service contracts, including Enclave. While software contracts can be initiated at any time of year, most of our annual software agreements renew in our second fiscal quarter ending March 31, 2025.

The deferred revenue is expected to be earned within 12 months of the balance sheet date.

Changes in deferred revenue were as follows:

(In thousands)
Balance at September 30, 2024	$	515
Deferral of revenue		288
Recognition of revenue		(284	)
Balance at December 31, 2024	$	519