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Revenue
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

Note 5 – Revenue

 

Disaggregation of Revenue

 

The Company recognizes revenue classified in services and other either at a point in time or over time. Revenue by point in time and over time was as follows (in thousands):

 

   2025   2024 
  

Years Ended

December 31,

 
   2025   2024 
SaaS revenue recognized over time  $1,528   $1,432 
Services and other revenue recognized point in time   8,444    8,304 
Total revenue  $9,972   $9,736 

 

 

OUR BOND INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

 

The deferred revenue balance represents payments received for performance obligations not yet satisfied. The following table shows the changes in deferred revenue during the years ended December 31, 2025, and 2024 respectively (in thousands):

 

   2025   2024 
  

Years Ended

December 31,

 
   2025   2024 
Balance at beginning of period  $776   $279 
Deferred revenue additions during period   1,094    1,326 
Revenue recognized during period   (1,308)   (829)
Balance at end of period  $562   $776 

 

Revenue recognized during the year ended December 31, 2025 that was included in deferred revenue as of December 31, 2024 was $698. Revenue recognized during the year ended December 31, 2024 that was included in deferred revenue as of December 31, 2023 was $279.

 

Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied), which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods, will be recognized within one year or less.