Revenue

6 Months Ended

Jun. 30, 2020

Revenue [Abstract]

Revenue

2. Revenue

We account for revenue in accordance with ASC Topic 606: Revenue from Contracts with Customers.

Disaggregation of revenue

The following table disaggregates our revenue by market-type, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.  Sales and usage-based taxes are excluded from revenues.  We have reclassified sales of labels and other recurring revenue items, which includes extended warranty and service contracts, and technical support services related to our food service technology market, previously included in TSG, to food service technology for all periods presented.

	Three Months Ended						Three Months Ended
	June 30, 2020						June 30, 2019
	(In thousands)
	United States		International		Total		United States		International		Total
Food service technology	$	1,056	$	148	$	1,204	$	978	$	145	$	1,123
POS automation and banking		481		-		481		1,639		5		1,644
Casino and gaming		970		390		1,360		3,492		2,139		5,631
Lottery		817		-		817		132		2		134
Printrex		6		2		8		230		55		285
TransAct Services Group		1,271		144		1,415		2,244		289		2,533
Total net sales	$	4,601	$	684	$	5,285	$	8,715	$	2,635	$	11,350

	Six Months Ended						Six Months Ended
	June 30, 2020						June 30, 2019
	(In thousands)
	United States		International		Total		United States		International		Total
Food service technology	$	2,295	$	280	$	2,575	$	2,095	$	241	$	2,336
POS automation and banking		2,035		4		2,039		2,898		23		2,921
Casino and gaming		3,528		2,763		6,291		6,916		4,198		11,114
Lottery		817		-		817		829		2		831
Printrex		67		58		125		527		100		627
TransAct Services Group		3,274		411		3,685		4,457		614		5,071
Total net sales	$	12,016	$	3,516	$	15,532	$	17,722	$	5,178	$	22,900

Contract balances

Our contract liabilities consist of customer pre-payments and deferred revenue.  Customer prepayments are reported as “Accrued liabilities” in current liabilities in the Condensed Consolidated Balance Sheets and represent customer payments made in advance of performance obligations in instances where credit has not been extended and are recognized as revenue when the performance obligation is complete.  Deferred revenue is reported separately in current liabilities and non-current liabilities and consists of our extended warranty contracts, technical support for our food service technology terminals, EPICENTRAL™ maintenance contracts and testing service contracts and prepaid software subscriptions for our BOHA! software applications, and is recognized as revenue as (or when) we perform under the contract.  We do not have any contract asset balances as of June 30, 2020 or December 31, 2019.  For the first six months of 2020, we recognized revenue of $0.7 million related to our contract liabilities at December 31, 2019.  For the six months ended June 30, 2019, the Company recognized revenue of $0.3 million related to our contract liabilities at December 31, 2018.  Total contract liabilities consist of the following:

	June 30, 2020		December 31, 2019
	(In thousands)
Customer pre-payments	$	72	$	232
Deferred revenue, current		519		700
Deferred revenue, non-current		145		219
Total contract liabilities	$	736	$	1,151

Remaining performance obligations

Remaining performance obligations represent the transaction price of firm orders for which a good or service has not been delivered to our customer.  As of June 30, 2020, the aggregate amount of transaction prices allocated to remaining performance obligations was $1.8 million.  The Company expects to recognize revenue on $1.6 million of its remaining performance obligations within the next 12 months, $0.1 million within the next 24 months and the balance of these remaining performance obligations within the next 36 months.