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Revenue Recognition

9 Months Ended

Sep. 30, 2021

Note 3 – Revenue Recognition

The Company recognizes revenue when it satisfies a performance obligation by transferring the product or service to the customer, typically at a point in time.

Disaggregation of Revenue

The Company is a technology-development and manufacturing company that delivers a wide range of products and services to the cable entertainment and media industry. Digital video headend products (including encoders) are used by a system operator for acquisition, processing, compression, encoding and management of digital and internet protocol (IP) video. DOCSIS data products give service providers, integrators, and premises owners a means to deliver data, video, and voice-over-coaxial in locations such as hospitality, MDU’s, and college campuses, using IP technology. HFC distribution products are used to transport signals from the headend to their ultimate destination in a home, apartment unit, hotel room, office or other terminal location along a fiber optic, coax or HFC distribution network. Analog video headend products are used by a system operator for signal acquisition, processing and manipulation to create an analog channel lineup for further transmission. Contract-manufactured products provide manufacturing, research and development and product support services for other companies’ products. CPE products are used by cable operators to provide video delivery to customers using IP technology. NXG is a two-way forward-looking IP digital video signal processing platform that is used to deliver next-generation entertainment services in both enterprise and residential locations. Transcoders convert video streams from one format to another to allow the video to be viewed across different platforms and devices. The Company also provides technical services, including hands-on training, system design engineering, on-site field support and complete system verification testing.

The following table presents the Company’s disaggregated revenues by revenue source:

	Three months ended September 30				Nine months ended September 30
	2021		2020		2021		2020
Digital video headend products	$	837	$	801	$	2,348	$	2,603
CPE		113		1,379		1,096		3,051
DOCSIS data products		326		235		681		1,807
HFC distribution products		404		599		1,327		1,769
Analog video headend products		176		323		657		838
NXG		420		89		1,311		570
Contract manufactured products		72		28		90		101
Transcoders		1,732		543		3,805		937
Other		92		174		446		376
	$	4,172	$	4,171	$	11,761	$	12,052

All of the Company’s sales are to customers located primarily throughout the United States and Canada.