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

CONTRACT BALANCES AND REMAINING PERFORMANCE OBLIGATIONS

v3.22.2.2
CONTRACT BALANCES AND REMAINING PERFORMANCE OBLIGATIONS
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
CONTRACT BALANCES AND REMAINING PERFORMANCE OBLIGATIONS
NOTE 3:-

CONTRACT BALANCES AND REMAINING PERFORMANCE OBLIGATIONS

 

Contract liabilities consisted of the following as of June 30, 2022 and December 31, 2021:

 

    June 30,    

December 31,

  
    2022     2021  
    (Unaudited)        

Contract Liabilities, Current

                

Deferred Revenues

   $ 268     $ 135  

Advances From Customers

     66       61  
Total   $ 334     $ 196  
                 

Contract Liabilities, Long-Term

                

Deferred Revenues

   $ 4,622     $ 4,517  

Total Contract Liabilities

   $ 4,956     $ 4,713  

 

During the six months ended June 30, 2022, the Company recognized $161 that was included in deferred revenues balance at December 31, 2021.

 

  Remaining Performance Obligation
   
 

The Company’s remaining performance obligations are comprised of product and engineering services not yet satisfied. As of June 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $10.2 million, which the Company expects to recognize as revenues.