Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2021

Revenue from Contracts with Customers

13. Revenue from Contracts with Customers

13. Revenue from Contracts with Customers

The following table was prepared to provide additional information about the composition of revenues from contracts with customers for the periods presented:

	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30,				SEPTEMBER 30,
	2021		2020		2021		2020
	(Unaudited)
Carrier Services	$	13,100,499	$	45,029,563	$	36,347,673	$	118,116,987
Managed Services		9,150,783		12,476,998		26,537,872		33,838,720
	$	22,251,282	$	57,506,561	$	62,885,545	$	151,955,707

The Company recognized revenues from contracts with customers for the following customer types as set forth below:

	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30,				SEPTEMBER 30,
	2021		2020		2021		2020
	(Unaudited)
U.S. Federal Government	$	19,377,818	$	54,067,651	$	52,959,115	$	138,942,101
U.S. State and Local Governments		50,196		24,969		168,284		76,255
Foreign Governments		14,840		40,906		53,929		106,812
Commercial Enterprises		2,808,428		3,373,035		9,704,217		12,830,539
	$	22,251,282	$	57,506,561	$	62,885,545	$	151,955,707

The Company recognized revenues from contracts with customers in the following geographic regions:

	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30,				SEPTEMBER 30,
	2021		2020		2021		2020
	(Unaudited)
North America	$	21,286,194	$	56,407,094	$	59,459,998	$	148,655,842
Europe		965,088		1,099,467		3,425,547		3,299,865
	$	22,251,282	$	57,506,561	$	62,885,545	$	151,955,707

During the three months ended September 30, 2021 and 2020, the Company recognized approximately $344,700 and $350,400, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2020 and 2019, respectively.

During the nine months ended September 30, 2021 and 2020, the Company recognized approximately $1.8 million and $1.6 million, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2020 and 2019, respectively.