Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 201

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 201
---
 million and
the long term deferred revenue was $125 thousand. The Company had deposits from customers of $266 thousand at December 31, 2024.

NOTE
6 – ACCOUNTS RECEIVABLE

Accounts
receivable consisted of the following as of December 31:

 SCHEDULE
OF ACCOUNTS RECEIVABLE

    In
    thousands 
    2024  
    2023 
  
    Trade
    accounts receivable 
    $21,455  
    $19,155 
  
    Less
    allowance for doubtful accounts 
     (510) 
     (501)
  
    Total
    accounts receivable (net) 
    $20,945  
    $18,654 

Accounts
receivables are made up of trade receivables due from customers in the ordinary course of business. As of December 31, 2024, 1 customer
accounted for 26% of the outstanding receivables and as of December 31, 2023, no customer accounted for more than 10% of the outstanding
receivables, and as of .

NOTE
7 – INVENTORY

Inventory
consisted of the following as of December 31:

 SCHEDULE
OF INVENTORY

    In thousands 
    2024  
    2023 

    Raw materials 
    $287  
    $457 
  
    Inventory in transit 
     4,471  
     737 
  
    Finished goods 
     3,978  
     5,072 
  
    Less allowance for obsolescence 
     (1,331) 
     (238)
  
    Total inventories 
    $7,405  
    $6,028 

NOTE
8 – PROPERTY AND EQUIPMENT

The
following is a summary of the components of property and equipment as of December 31:

 SCHEDULE
OF PROPERTY AND EQUIPMENT

    In thousands 
    2024  
     2023  
  
    Manufacturing and lab equipment 
    $882  
    $673 
  
    Leasehold improvements 
     645  
     647 
  
    Software and computer equipment 
     133  
     429 
  
    Furniture and equipment 
     239  
     232 
  
    Vehicle 
     187  
     251 
  
    Property and equipment, Gross 

    Less: accumulated depreciation