Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Revenue

v3.22.4
Revenue
 9 Months Ended
Sep. 30, 2022
Revenue [Abstract]  
REVENUE

NOTE 3:- REVENUE

 

Disaggregation of Revenues

 

Revenue disaggregated by geography, based on the billing address of the Company’s customers, consists of the following (in thousands):

 

   

Nine months ended

September 30,

  
    2022     2021  
    Revenue     % of
Revenue		     Revenue     % of
Revenue		  
Revenue by geography:                        
USA   $ 80       2.4 %   $ 29       1.7 %
Sweden     1,224       36.4 %     757       43.7 %
Germany     243       7.2 %     318       18.4 %
China     1,476       43.9 %     447       25.8 %
Hong Kong    
-
      
-
       35       2.0 %
Italy     124       3.7 %    
-
      
-
  
Israel     31       0.8 %     34       2.0 %
Switzerland     190       5.6 %     53       3.0 %
Other    
-
      
-
       58       3.4 %
Total revenue   $ 3,368       100 %   $ 1,729       100 %

 

Contract Liabilities

 

There are no changes to contract liabilities accounting policy from the audited consolidated financial statements and accompanying notes for the year ended December 31, 2021. Contract liabilities presented as deferred revenue amounted to $351 and $726 as of September 30, 2022, and December 31, 2021, respectively.

 

Remaining Performance Obligation

 

The Company’s remaining performance obligations are comprised of product and engineering services not yet performed. As of September 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $300, which the Company expects to recognize as revenue over the next 12 months.