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Note 9 - Revenues
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Revenues

Note 9 – Revenues

Disaggregated Revenue

The following table represents a disaggregation of revenues from contracts with customers for the three months ended March 31, 2022 and 2021 by type of service:

 

 

 

Topic 606

 

Three Months Ended March 31,

 

(in thousands)

 

Revenue Recognition

 

2022

 

 

2021

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

302

 

 

$

589

 

Property and asset management fees

 

Over time

 

 

70

 

 

 

197

 

Sales commissions

 

Point in time

 

 

146

 

 

 

46

 

Development fees

 

Over time

 

 

 

 

 

89

 

Engineering services

 

Over time

 

 

57

 

 

 

59

 

Topic 606 Revenue

 

 

 

 

575

 

 

 

980

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

Rental income

 

 

 

$

6,727

 

 

$

3,938

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

6,727

 

 

 

3,938

 

Total Revenue

 

 

 

$

7,302

 

 

$

4,918

 

Leasing Operations

Minimum cash rental payments due to the Company in future periods under executed non-cancelable operating leases in place for the Company’s properties as of March 31, 2022 are as follows:

(in thousands)

 

 

 

Remainder of 2022

 

$

15,254

 

2023

 

 

19,207

 

2024

 

 

15,837

 

2025

 

 

13,003

 

2026

 

 

10,001

 

2027

 

 

7,457

 

Thereafter

 

 

15,313

 

Total

 

$

96,072