Note 3 - Contracts With Customers

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(3) CONTRACTS WITH CUSTOMERS

The following table disaggregates revenue for the three and nine-month periods ending September 30, 2021 and 2020 based on timing of revenue recognition (in thousands):

	Three months ended				Nine months ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Subscription services recognized ratably over time	$	34,598	$	30,712	$	101,867	$	90,101
Services recognized at a point in time		1,160		1,170		2,046		2,456
Fixed, non-subscription recognized over time		888		460		2,014		1,740
Unit price services recognized over time		1,121		1,135		3,729		4,206
Total revenue	$	37,767	$	33,477	$	109,656	$	98,503

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (In thousands):

	September 30, 2021			December 31, 2020
Accounts receivables	$	16,262		$	13,923
Contract assets included in other current assets	$	172		$	311
Deferred Revenue	$	(17,308	)	$	(15,585	)

Significant changes in contract assets and contract liabilities during the nine months ended September 30, 2021 and 2020 are as follows (in thousands): 

	Nine months ended September 30, 2021						Nine months ended September 30, 2020
	Contract Asset			Deferred Revenue			Contract Asset			Deferred Revenue
	Increase (Decrease)
Revenue recognized that was included in deferred revenue at beginning of year due to completion of services	$	-		$	(14,926	)	$	-		$	(15,366	)
Increases due to invoicing of client, net of amounts recognized as revenue		-			16,087			-			16,352
Decreases due to completion of services (or portion of services) and transferred to accounts receivable		(164	)		-			(100	)		-
Increases due to acquisition		-			239			-			-
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration					323						(12	)
Decreases due to impairment		-			-			-			-
Increases due to revenue recognized in the period with additional performance obligations before invoicing		26			-			238			-

We applied the practical expedient to not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. Total remaining contract revenue for contracts with original duration of greater than one year expected to be recognized in the future related to performance obligations that are unsatisfied at September 30, 2021 approximated $3.2 million, of which $153,000, $1.4 million, $1.1 million, and $587,000 are expected to be recognized during 2021, 2022, 2023, and 2024, respectively.