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

CONTRACT BALANCES AND REMAINING PERFORMANCE OBLIGATIONS

v3.23.2
CONTRACT BALANCES AND REMAINING PERFORMANCE OBLIGATIONS
 6 Months Ended
Jun. 30, 2023
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, 2023 and December 31, 2022:
 
   
June 30,
    
December 31,
  
   
2023
    
2022
  
   
(Unaudited)
        
Contract liabilities, Current
            
Deferred revenues
  
$
4,151
    
$
4,004
  
Advances from customers
    
68
      
78
  
Total
  
$
4,219
    
$
4,082
  
                 
Contract liabilities, Long-term
                
Deferred revenues
  
$
121
    
$
61
  
Total Contract liabilities
  
$
4,340
    
$
4,143
  
 
During the six months ended June 30, 2023, the Company recognized $42 that was included in deferred revenues balance at December 31, 2022.
 
Remaining Performance Obligation
 
The Company’s remaining performance obligations are comprised of product and engineering services not yet satisfied. As of June 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was $12,536 (out of which, $3,441 is recorded as short-term deferred revenues), which the Company expects to recognize as revenues.