XML 18 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenues
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenues

 (3) Revenues

 

Revenues are recognized when control of the promised goods is transferred to customers, in an amount that reflects the consideration we expect to receive in exchange for those goods. When our ingredients and finished products are shipped, with control being transferred at the shipping point almost universally, is the point in time at which we recognize the related revenue.

 

We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses. Customers’ deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are classified as reductions of revenue in our statements of operations.

 

 Contract balances at June 30, 2022, December 31, 2021, and December 31, 2020 are as follows:

 

    Accounts Receivable   Contract Assets   Contract    Liabilities 
Balance, December 31, 2020   $2,932   $179   $411 
Balance, December 31, 2021    3,937    179    1,444 
Balance, June 30, 2022    6,537    179    1,384 

 

The contract asset balance at June 30, 2022, December 31, 2021, and December 31, 2020 consists of $179 of contract assets reported within prepaid expenses and other current assets.

 

Revenue recognized in the reporting period that was included in the contract liability balance at the beginning of the period was $89 and $145, for the three months ended June 30, 2022 and 2021, respectively, and $212 and $221 for the six months ended June 30, 2022 and 2021, respectively.

 

Other revenue may include revenue from technology license fees and paid development projects. Technology license fees and paid development projects are recognized over time when the obligations under the agreed upon contractual arrangements are performed on our part.  Other revenue recognized over time was $76 and $89, for the three months ended June 30, 2022 and 2021, respectively, and $186 and $111 for the six months ended June 30, 2022 and 2021, respectively. Other revenue recognized at a point in time was $350 and $0, for the three months ended June 30, 2022 and 2021, respectively, and $350 and $0 for the six months ended June 30, 2022 and 2021 respectively.