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Disaggregation of Revenue and Deferred Revenue (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Revenues consisted of the following (in thousands):
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Recurring revenue
 Software $327 $— $697 $— 
 Total recurring revenue $327 $— $697 $— 
Non-recurring revenue
 Hardware $422 $— $1,190 $— 
 Software 77 — 82 — 
 Professional services 92 — 200 — 
 Total non-recurring revenue $591 $— $1,472 $— 
 Total Revenue $918 $— $2,169 $— 
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Revenue recognized at a point in time
Industrial IoT (1)$499 $— $1,272 $— 
Total $499 $— $1,272 $ 
Revenue recognized over time
Industrial IoT (2) (3)$419 $— $897 $— 
Total $419 $— $897 $ 
Total Revenue $918 $— $2,169 $ 
(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.