REVENUE AND ACCOUNTS RECEIVABLE

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE AND ACCOUNTS RECEIVABLE

NOTE C – REVENUE AND ACCOUNTS RECEIVABLE

The Company invoices customers and recognizes accounts receivable in an amount it expects to receive from the customer. The Company has contracted payment terms with its customer of net 30 days. The Company recognized revenue from performance obligations satisfied as of a point in time and over time as disaggregated in the table below.

Timing of Revenue Recognition

	For the Three Months Ended				For the Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2024		2023		2024		2023
Point in Time	$	15,950	$	16,500	$	20,900	$	30,500
Over Time		9,564		6,311		19,212		12,720
	$	25,514	$	22,811	$	40,112	$	43,220

The Company earns revenues from in-building cellular systems and network services. Revenues from the sale and installation of in-building cellular systems, including fixed wireless, SmartDAS, and 4G LTE, totaled $15,950 and $16,500 during the three months ended June 30, 2024 and 2023, respectively, and $20,900 and $30,500 during the six months ended June 30, 2024 and 2023, respectively. The contracts for the sale of in-building cellular systems generally include the performance obligation to sell and install (including testing, commissioning and integration services) equipment. The amount of revenue earned related to the sales of equipment was $8,950 and $7,000 during the three months ended June 30, 2024 and 2023, respectively, and $11,200 and $12,500 during the six months ended June 30, 2024 and 2023, respectively. The amount of revenue earned related to installation and other services was $7,000 and $9,500 during the three months ended June 30, 2024 and 2023, respectively, and $9,700 and $18,000 during the six months ended June 30, 2024 and 2023, respectively. The performance obligation for the sale of equipment is deemed to be satisfied on the date the customer takes physical possession of the equipment and has control of the equipment. For installation, testing, commissioning and integration services, the Company measures progress toward complete satisfaction of the performance obligations ratably as the services are performed.

Revenues from network and other services totaled $9,564 and $6,311 during the three months ended June 30, 2024 and 2023, respectively, and $19,212   and $12,720 during the six months ended June 30, 2024 and 2023 respectively. Network service revenues are recognized each month as services are rendered. 

The Company’s contracts for support services are typically for terms of one year or less. The aggregate amount of contract performance obligation as of June 30, 2024 that the Company expects to recognize over the next year is $4,118.

The Company is under no obligation and is not in the practice of providing customers with returns, rebates, discounts, or refunds. The Company, accordingly, does not recognize these obligations at the time of revenue recognition. The Company may receive future consideration from customers who enter into support agreements. Those services are delivered as of a point in time when the customer requests the service. Future consideration as described is excluded from the transaction price calculated for support agreement performance obligations.