11.	Revenue Streams and Concentrations

Revenue Streams

The Company identifies its revenue streams with similar characteristics as follows (in thousands):

	Year Ended
	December 31, 2018

Local services	$	21,507
Network access		21,100
Internet		15,224
Transport services		4,774
Video and security		2,824
Managed services		639
Total revenues	$	66,068

ASU

2014

requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. As stated above in Note

Summary of Significant Accounting Policies

–

Recently Adopted Accounting Pronouncements

, the Company has used a

five

-step process to identify the contract with the customer, identify the performance obligations, determine the transaction price, allocate the transaction price to the performance obligations and recognize revenue when or as the performance obligations are satisfied. The majority of the Company’s revenue is recognized at the point in time control of the service is transferred to the customer. For certain other services, such as unlimited long distance, revenue is recognized over the period of time the service is provided. The Company has implemented the appropriate changes to its business processes, systems and controls to support revenue recognition and disclosures under ASU

2014

09.

The following table identifies revenue generated from customers (in thousands):

	Year Ended
	December 31, 2018

Local services	$	21,507
Network access		4,645
Internet		15,224
Transport services		4,623
Video and security		2,824
Managed services		639
Total revenue generated from customers	$	49,462

The following table summarizes the revenue generated from contracts with customers among each revenue stream as of

December 31, 2018 (

in thousands, except percentages):

	Year Ended
	December 31, 2018		% In-Scope			% Total

Month to month (“MTM”) customers	$	30,117		61.7	%		45.6	%
Competitive local exchange carrier (“CLEC”) business customers		14,061		28.7			21.3
Network access		2,713		5.6			4.1
Total revenue streams		46,891		96.0			71.0
Global access*		1,932		4.0			2.9
Total revenue from contracts with customers		48,823		100.0	%		73.9
Managed services**		639		n/a			1.0
Total revenue generated from customers		49,462		n/a			74.9
Indefeasible rights-of-use agreements**		151		n/a			0.2
Network access**		16,455		n/a			24.9
Total revenues	$	66,068					100.0	%

*Fixed fees charged to MTM customers and CLEC business customers.
** Revenue generated from sources not within the scope of ASU 2014 - 09. See Note 2, Summary of Significant Accounting Policies – Revenue Recognition , for accounting policies associated with these sources of revenue.

Payment terms vary by customer. The Company typically invoices customers in the month following when the service is provided. The term between invoicing and when payment is due is less than a year and is

not

considered significant. Certain customers are invoiced in advance of the service being provided. Revenue is deferred until the point in time control of the good or service is transferred to the customer or over the term the service is provided.

Revenue is recognized net of taxes collected on behalf of

third

parties.

As of

December 31, 2018,

the Company had approximately

$9.0

million of unsatisfied performance obligations. As of

December 31, 2018,

the Company expected to recognize approximately

$0.9

million of revenue within the next year and

$8.0

million in the next

years related to such unsatisfied performance obligations. The Company does

not

disclose the value of unsatisfied performance obligations for contracts with an original expected life of

one

year or less or for contracts for which the Company has a right to invoice for services performed.

The deferred revenue balance as of

January 1, 2018,

was

$4.1

million. Approximately

$1.5

million of revenue from that balance was recognized as revenue during the

three

months ended

March 31, 2018,

offset by payments received as of

March 31, 2018,

in advance of control of the service being transferred to the customer.

The deferred revenue balance as of

June 30, 2018,

was

$3.9

million. Approximately

$1.4

million of revenue from that balance was recognized as revenue during the

three

months ended

September 30, 2018,

offset by payments received as of

September 30, 2018,

in advance of control of the service being transferred to the customer.

The deferred revenue balance as of

September 30, 2018,

was

$3.8

million. Approximately

$1.4

million of revenue from that balance was recognized as revenue during the

three

months ended

December 31, 2018,

offset by payments received as of

December 31, 2018,

in advance of control of the service being transferred to the customer.