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Revenue
3 Months Ended
Jun. 30, 2020
Revenue Recognition and Deferred Revenue [Abstract]  
REVENUE

NOTE 3: REVENUE

 

The following table disaggregates the Company's revenue by major source for the three months ended June 30:

 

   2020   2019 
Revenue:        
Software as a Service ("SaaS")  $-   $12 
Professional Services   -    23 
Financial Services   90    - 
Oil and Gas Services   2,125    - 
Fuel Rebate   46    - 
Equipment Rental   52    - 
   $2,313   $35 

 

There were no significant contract asset or contract liability balances for all periods presented. The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

 

Subsequent to the acquisitions of Trend Discovery and Banner Midstream, the Company in 2020 recorded revenues for financial services and oil and gas services and production. For both of these entities, revenues are billed upon the completion of the performance obligations.

 

Collections of the amounts billed are typically paid by the customers within 30 to 60 days.