Actelis Networks, Inc. Quarterly report pursuant to Section 13 or 15(d)

Entity Wide Information and Disagregated Revenues

3 Months Ended

Mar. 31, 2022

NOTE 11 – ENTITY WIDE INFORMATION AND DISAGREGATED REVENUES:

The Company operates as one operating segment (developing and marketing access broadband equipment for copper and fiber networks).

Geographic information:

Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers:

	Three months Ended March 31
	2022		2021
North America		568		1,019
Europe, the Middle East and Africa		1,203		440
Asia Pacific		97		87
		1,868		1,546

Revenues from contract liability:

	March 31,			December 31,
	2022			2021

Opening balance		673			581
Revenue recognized from contract liabilities		(220	)		(909	)
Additions		159			1,001
Remaining performance obligations		612			673

The Company’s remaining performance obligations will be completed by March 31, 2023.

The Company’s long-lived assets are located as follows:

Property and Equipment, net:

Customers representing 10% or more of net revenues and the amount of revenues recognized are as follows:

(*)

Included in Europe, the Middle East and Africa.

The majority of the Company’s revenues are recognized at a point in time.