REVENUE RECOGNITION

3 Months Ended

Nov. 30, 2021

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

NOTE 3: REVENUE RECOGNITION

Contract Liabilities

During the three months ended November 30, 2021 and 2020, we recognized $353 thousand and $296 thousand of revenue that was included in contract liabilities as of August 31, 2021, and 2020, respectively.

Disaggregation of Revenue

The components of disaggregation of revenue for the three months ended November 30, 2021 and 2020 were as follows: 

(in thousands)	Three Months Ended November 30,
	2021		2020
Software licenses:
Point in time	$	7,107	$	6,001
Over time		255		211
Consulting services:
Over time		5,055		4,489
Total revenue	$	12,417	$	10,701

Remaining Performance Obligations

Remaining performance obligations that do not fall under the expedients require us to perform various consulting and software development services of approximately $3.5 million. It is anticipated that a majority of these revenues will be recognized within the next twelve months.