Revenue

9 Months Ended

Sep. 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
	September 30, 2020						September 30, 2019
	(In thousands)
	United States		International		Total		United States		International		Total
Food service technology	$	2,081	$	268	$	2,349	$	1,730	$	221	$	1,951
POS automation and banking		739		3		742		1,494		20		1,514
Casino and gaming		1,552		457		2,009		2,849		2,225		5,074
Lottery		-		-		-		95		-		95
Printrex		5		102		107		213		83		296
TransAct Services Group		1,910		183		2,093		2,490		266		2,756
Total net sales	$	6,287	$	1,013	$	7,300	$	8,871	$	2,815	$	11,686

	Nine Months Ended						Nine Months Ended
	September 30, 2020						September 30, 2019
	(In thousands)
	United States		International		Total		United States		International		Total
Food service technology	$	4,376	$	548	$	4,924	$	3,825	$	462	$	4,287
POS automation and banking		2,774		7		2,781		4,392		43		4,435
Casino and gaming		5,080		3,220		8,300		9,765		6,423		16,188
Lottery		817		-		817		924		2		926
Printrex		72		160		232		740		183		923
TransAct Services Group		5,184		594		5,778		6,947		880		7,827
Total net sales	$	18,303	$	4,529	$	22,832	$	26,593	$	7,993	$	34,586

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 did not have any contract asset balances as of September 30, 2020 or December 31, 2019.  For the first nine months of 2020, we recognized revenue of $1.0 million related to our contract liabilities at December 31, 2019.  For the nine months ended September 30, 2019, we recognized revenue of $0.5 million related to our contract liabilities at December 31, 2018.  Total contract liabilities consisted of the following:

	September 30, 2020		December 31, 2019
	(In thousands)
Customer pre-payments	$	126	$	232
Deferred revenue, current		479		700
Deferred revenue, non-current		120		219
Total contract liabilities	$	725	$	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 September 30, 2020, the aggregate amount of transaction prices allocated to remaining performance obligations was $2.2 million.  The Company expects to recognize revenue on $2.1 million of its remaining performance obligations within the next 12 months following September 30, 2020 and $0.1 million within the next 24 months following September 30, 2020.