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Note 2 - Contracts With Customers
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

(2)

CONTRACTS WITH CUSTOMERS

 

The following table disaggregates revenue for the three- and six-month periods ended June 30, 2023 and 2022 based on timing of revenue recognition (in thousands):

 

  

Three months ended

  

Six months ended

 
  

June 30, 2023

  

June 30, 2022

  

June 30, 2023

  

June 30, 2022

 

Subscription services recognized ratably over time

 $34,306  $35,480  $68,739  $70,930 

Services recognized at a point in time

  903   735   2,079   1,916 

Fixed, non-subscription recognized over time

  742   605   1,397   1,191 

Unit price services recognized over time

  210   472   419   1,697 

Total revenue

 $36,161  $37,292  $72,634  $75,734 

 

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

 

  

June 30, 2023

  

December 31, 2022

 

Accounts receivables

 $11,891  $14,461 

Contract assets included in other current assets

 $65  $102 

Deferred Revenue

 $14,828  $15,198 

 

Significant changes in contract assets and contract liabilities during the six-month periods ended June 30, 2023 and 2022 are as follows (in thousands):

 

  

2023

  

2022

 
  

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

 $-  $(11,375

)

 $-  $(12,962

)

Increases due to invoicing of client, net of amounts recognized as revenue

  -   11,104   -   11,182 

Decreases due to completion of services (or portion of services) and transferred to accounts receivable

  (81

)

  -   (81

)

  - 

Change due to cumulative catch-up adjustments arising from changes in expected contract consideration

  -   (99

)

  -   63 

Increases due to revenue recognized in the period with additional performance obligations before invoicing

  44   -   45   - 

 

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 June 30, 2023 approximated $4.5 million of which $1.5 million, $2.1 million, $673,000 and $266,000 are expected to be recognized during 2023, 2024, 2025 and 2026, respectively.