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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2021
REVENUE RECOGNITION  
Summary of revenue performance obligations The following is a summary of our revenue performance obligations:


For the Year Ended December 31,


2021
2020

(In thousands)


Revenues


Percent of Revenues


Revenues

Percent of Revenues

Revenue recognized over time
$ 2,253
2.4 %
$ 1,715
2.4 %
Revenue recognized at a point in time

90,521
97.6 %

68,402
97.6 %


$ 92,774
100.0 %
$ 70,117
100.0 %
Summary of contract assets and contract liabilities

The following summarizes our contract assets and contract liabilities: 


(In thousands)

 

December 31, 2021

December 31, 2020

Contract assets, included in other current assets

 

$

7

 

 

$

 2

 

Contract liabilities - advance customer payments

 

$

289

 

 

$

567

 

Contract liabilities - deferred warranty revenue
$ 445

$ 344
Summary of the amounts reclassified from beginning contract liabilities to revenue

The following summarizes the amounts reclassified from beginning contract liabilities to revenue:

Year Ended December 31,

(In thousands)

 

2021

2020

Amounts reclassified from beginning contract liabilities to revenue

 

$

393

 

 

$

 171

 

Amounts reclassified from deferred warranty revenue

263

193

Total

$

656

$

364