Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2022

Revenue from Contracts with Customers

Revenue by Service Type, Customer Type and by Geographic Region

16. 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				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2022		2021		2022		2021
	(Unaudited)
Carrier Services	$	12,500,358	$	11,898,302	$	25,432,413	$	23,247,174
Managed Services		10,556,996		8,085,118		20,061,368		17,387,089
	$	23,057,354	$	19,983,420	$	45,493,781	$	40,634,263

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

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2022		2021		2022		2021
	(Unaudited)
U.S. Federal Government	$	18,572,618	$	16,649,566	$	36,006,341	$	33,581,297
U.S. State and Local Governments		100,879		64,705		227,021		118,088
Foreign Governments		24,059		12,993		56,466		39,089
Commercial Enterprises		4,359,798		3,256,156		9,203,953		6,895,789
	$	23,057,354	$	19,983,420	$	45,493,781	$	40,634,263

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

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2022		2021		2022		2021
	(Unaudited)
North America	$	22,236,044	$	18,763,660	$	43,670,678	$	38,173,804
Europe		821,310		1,219,760		1,823,103		2,460,459
	$	23,057,354	$	19,983,420	$	45,493,781	$	40,634,263

During the three months ended June 30, 2022 and 2021, the Company recognized approximately $580,100 and $568,000, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2021 and 2020, respectively.

During the six months ended June 30, 2022 and 2021, the Company recognized approximately $1,660,000 and $1,510,000, respectively, of revenue related to amounts that were included in deferred revenue as of December 31, 2021 and 2020, respectively.