Contract Liabilities |
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Other Liabilities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contract Liabilities | 4. Contract Liabilities
Contract liabilities consisted of the following at December 31:
The Company’s contract liabilities include payments received in advance of performance under trading solution service contracts which will be recognized as revenue as the Company executed the trading solution services with customers under the contract, as well as the deferred installation and customization service fee received from trading solution services.
The movement in contract liabilities is as follows:
None of billings in advance of performance received that is expected to be recognized as income after more than one year.
mF International Limited and Subsidiaries Notes to Consolidated Financial Statements
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