Revenue Recognition

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

The Company's revenues comprised of the following:

	For the Years Ended December 31,
	2022		2021
Product revenue	$	17,429	$	4,562
Service revenue	495		36
Total revenues	$	17,924	$	4,598

For the year ended December 31, 2022, we had one customer who accounted for 80.8% of the total revenue. For the year ended December 31, 2021, we had two customers, who accounted for 36.8% and 21.4% of the total revenue.

Contract Balances

The following table provides information about contract assets and contract liabilities from contracts with customers. Contract assets, current and contract liabilities, current and long-term are included separately on the consolidated balance sheets and contract assets, long-term are included under other assets, net.

	December 31,
	2022		2021
Contract assets	$	2,000	$	1,369
Contract liabilities	$	4,806	$	849

Contract assets increased by $631 during the year ended December 31, 2022 due to recognition of revenues for which invoicing has not yet occurred. Contract liabilities increased by $3,957 during the year ended December 31, 2022, reflecting $4,639 in customer advance payments, partially offset by the recognition of $682 of revenue during the year ended December 31, 2022 that was included in the contract liability balance at the beginning of the period.

Contract liabilities of $3,850 as of December 31, 2022 are expected to be recognized within the next twelve months and contract liabilities, long-term of $956 are expected to be recognized as revenue over approximately the next three years. Contract assets of $1,859 as of December 31, 2022 are expected to be recognized as accounts receivable within the next twelve months. Long-term contract assets of $141 are expected to be recognized as accounts receivable over approximately the next three years.