Contract Liabilities (Customer Advances) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Costs in Excess of Billings on Uncompleted Contracts or Programs [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contract Liabilities (Customer Advances) | CONTRACT LIABILITIES (CUSTOMER ADVANCES)
During the year ended December 31, 2025, the Company recognized approximately $1,500,000 of its contract liabilities at December 31, 2024. During the year ended December 31, 2024, the Company recognized approximately $1,100,000 of its contract liabilities at December 31, 2023. Contract liabilities increased during 2025, primarily due to payments received in excess of revenue recognized on these performance obligations. As for guarantees see Notes 21D and 21G.
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