Note 2 - Contracts With Customers

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(2) CONTRACTS WITH CUSTOMERS

The following table disaggregates revenue for the three-month periods ended March 31, 2024 and 2023 based on timing of revenue recognition (in thousands):

	2024		2023
Subscription services recognized ratably over time	$	33,271	$	34,433
Services recognized at a point in time		1,421		1,176
Fixed, non-subscription recognized over time		495		655
Unit price services recognized over time		126		209
Total revenue	$	35,313	$	36,473

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

	March 31, 2024		December 31, 2023
Accounts receivables	$	11,127	$	12,378
Contract assets included in other current assets	$	77	$	84
Deferred Revenue	$	15,194	$	14,834

Significant changes in contract assets and contract liabilities during the three-month periods ended March 31, 2024 and 2023 are as follows (in thousands):

	2024						2023
	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	$	-		$	(7,303	)	$	-		$	(7,056	)
Increases due to invoicing of client, net of amounts recognized as revenue		-			7,672			-			7,828
Decreases due to completion of services (or portion of services) and transferred to accounts receivable		(39	)		-			(37	)		-
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration		-			(9	)		-			(74	)
Increases due to revenue recognized in the period with additional performance obligations before invoicing		32			-			88			-

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, 2024 approximated $18.6 million, of which $6.2 million, $7.1 million, $5.0 million and $230,000 are expected to be recognized during 2024, 2025, 2026 and 2027, respectively.