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Revenue Recognition

9 Months Ended

Sep. 30, 2022

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. Encoder/transcoder products are used by a system operator for encoding and transcoding of digital video. Encoders accept various input sources (analog and/or digital) and output digitally encoded 4K, UHD, HD or SD video in various output formats. Transcoders convert video files from one codec compression format to another to allow the video to be viewed across different platforms and devices. NXG is a two-way forward-looking platform that is used to deliver next-generation entertainment services in both enterprise and residential locations. Coax 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 coax distribution network. CPE products are used by cable operators to provide video delivery to customers using IP technology. Digital modulation products are used by a system operator for acquisition, processing, compression, and management of digital video. Analog modulation products are used by a system operator for signal acquisition, processing and manipulation to create an analog channel lineup for further transmission. 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 Service agreements and design includes hands-on training, system design engineering, on-site field support, remote support and troubleshooting and complete system verification testing. Fiber optic 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 distribution network.

The following table presents the Company’s disaggregated revenues by revenue source. Some of the product categories shown for the three and nine months ended September 30, 2021 have been reclassified to reflect the Company’s current product categories:

	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Encoder and Transcoder products	$	2,177	$	2,242	$	5,858	$	5,349
NXG IP video signal processing products		1,028		420		1,994		1,311
Coax distribution products		537		311		1,157		1,094
CPE products		2		113		29		1,096
Digital modulation products		363		335		785		837
Analog modulation products		80		175		317		657
DOCSIS data products		951		326		2,091		634
Service agreements and design		37		41		270		282
Fiber optic products		74		100		232		252
Other		13		109		104		249
	$	5,262	$	4,172	$	12,837	$	11,761

All of the Company’s sales are to customers located in North America.