Revenue Recognition

9 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

The Company’s principal sales are from Wireless services, sales of Telco equipment and Telco recycled equipment, primarily in the United States. Sales to international customers totaled approximately $2.0 million and $1.6 million for the three months ended June 30, 2022 and 2021, respectively and $4.7 million and $2.9 million for the nine months ended June 30, 2022 and 2021, respectively.

The Company’s customers include wireless carriers, wireless equipment providers, multiple system operators, resellers and direct sales to end-user customers. Sales, which individually amounted to 10% or greater of the Company's revenue, to two customers totaled 34%, and to three customers totaled 39% of consolidated revenues for the nine months ended June 30, 2022 and 2021, respectively.

Our sales by type were as follows, in thousands:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
Wireless services sales	$	7,243	$	4,136	$	22,128	$	13,716
Telco equipment	20,346		12,826		47,757		28,289
Telco repair	8		1		25		14
Telco recycle	192		54		328		414
Total sales	$	27,789	$	17,017	$	70,238	$	42,433

Contract assets and contract liabilities are included in unbilled revenue and deferred revenue, respectively, in the consolidated balance sheets. At June 30, 2022 and September 30, 2021, contract assets were $2.8 million and $2.5 million, respectively, and contract liabilities were $0.1 million and $0.2 million, respectively. The Company recognized $0.2 million of contract revenue during the nine months ended June 30, 2022 related to contract liabilities recorded in deferred revenue at September 30, 2021.