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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Revenues Generated from Geographic Regions Revenues generated from the following geographic regions for the three months ended March 31, 2022 and 2021 were (in thousands):

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

United States

 

$

2,036

 

 

$

2,223

 

United Kingdom

 

 

377

 

 

 

679

 

Rest of World

 

 

2,279

 

 

 

1,517

 

 

 

$

4,692

 

 

$

4,419

 

 

Schedule of Revenue by Timing of Transfer of Goods or Services

Revenue by timing of transfer of goods or services for the three months ended March 31, 2022 and 2021 were (in thousands):

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

Goods or services transferred at a point in time

 

$

2,693

 

 

$

2,408

 

Goods or services transferred over time

 

 

1,999

 

 

 

2,011

 

 

 

$

4,692

 

 

$

4,419

 

 

Schedule of Revenue by Contract Type

Revenue by contract type for the three months ended March 31, 2022 and 2021 were (in thousands):

 

 

 

 

 

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

License and service contracts

 

$

3,331

 

 

$

3,634

 

Subscription-based contracts

 

 

1,361

 

 

 

785

 

 

 

$

4,692

 

 

$

4,419

 

 

Schedule of Changes in Contract Assets and Liabilities

The following tables present changes in our contract assets and liabilities during the three months ended March 31, 2022 and 2021 (in thousands):

 

 

 

Balance at

Beginning

of Period

 

 

Revenue

Recognized In

Advance of

Billings

 

 

Billings

 

 

Balance at

End of

Period

 

Three months ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

$

2,229

 

 

$

690

 

 

$

(473

)

 

$

2,446

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

$

3,087

 

 

$

1,486

 

 

$

(1,398

)

 

$

3,175

 

 

 

 

 

Balance at

Beginning

of Period

 

 

Billings

 

 

Revenue

Recognized

 

 

Balance at

End of

Period

 

Three months ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

3,933

 

 

$

1,435

 

 

$

(1,825

)

 

$

3,543

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

3,740

 

 

$

1,221

 

 

$

(1,661

)

 

$

3,300