Note 3 - Contracts With Customers

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(3) CONTRACTS WITH CUSTOMERS

The following table disaggregates revenue for the three-month periods ended March 31, 2022 and 2021 based on timing of revenue recognition (in thousands):

	2022		2021
Subscription services recognized ratably over time	$	35,449	$	33,054
Services recognized at a point in time		1,181		323
Fixed, non-subscription recognized over time		586		579
Unit price services recognized over time		1,225		1,508
Total revenue	$	38,441	$	35,464

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

	March 31, 2022			December 31, 2021
Accounts receivables	$	15,910		$	13,728
Contract assets included in other current assets	$	73		$	99
Deferred Revenue	$	(16,693	)	$	(17,213	)

Significant changes in contract assets and contract liabilities during the three-month periods ended March 31, 2022 and 2021 are as follows (in thousands):

	2022						2021
	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	$	-		$	(8,112	)	$	-		$	(7,115	)
Increases due to invoicing of client, net of amounts recognized as revenue		-			7,542			-			8,739
Increases due to acquisition		-			-			-			239
Decreases due to completion of services (or portion of services) and transferred to accounts receivable		(49	)		-			(73	)		-
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration					51						164
Increases due to revenue recognized in the period with additional performance obligations before invoicing		22			-			28			-

We have elected to apply 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 March 31, 2022 approximated $2.8 million, of which $1.1 million, $1.1 million and $593,000 are expected to be recognized during 2022, 2023 and 2024, respectively.