Disaggregation of Revenue and Deferred Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Disaggregation of Revenue and Deferred Revenue [Abstract]

Schedule of Disaggregation of Revenue

Revenues consisted of the following (in thousands):

	For the Years Ended December 31,
	2024		2023
Recurring revenue
Software	$	987	$	—
Total recurring revenue	$	987	$	—
Non-recurring revenue
Hardware	$	1,823	$	—
Software		84		—
Professional services		308		—
Total non-recurring revenue	$	2,215	$	—
Total Revenue	$	3,202	$	—

	For the Years Ended December 31,
	2024		2023
Revenue recognized at a point in time
Industrial IoT (1)	$	1,907	$	—
Total	$	1,907	$	—
Revenue recognized over time
Industrial IoT (2) (3)	$	1,295	$	—
Total	$	—	$	—
Total Revenue	$	3,202	$	—

(1) Hardware and Software’s performance obligation is satisfied at a point in time when they are shipped to the customer.

(2) Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date, in which revenue is recognized over time.

(3) Software As A Service Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and revenue is recognized over time.