Revenue (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of disaggregated revenues

The tables below show the Company’s disaggregated revenue for the periods presented:

	Three Months Ended September 30,
	2021		2020
Subscription revenues	$	246,467	$	222,069
Transactional revenues	85,354		64,398
Re-occurring revenues	110,368		—
Total revenues, gross	442,189		286,467
Deferred revenues adjustment (1)	(72)		(2,107)
Total revenues, net	$	442,117	$	284,360
(1) Reflects the deferred revenue adjustment as a result of purchase accounting.
	Nine Months Ended September 30,
	2021		2020
Subscription revenues	$	725,121	$	631,873
Transactional revenues	259,300		174,000
Re-occurring revenues	336,236		—
Total revenues, gross	1,320,657		805,873
Deferred revenues adjustment (1)	(4,465)		(7,421)
Total revenues, net	$	1,316,192	$	798,452
(1) Reflects the deferred revenue adjustment as a result of purchase accounting.

The following table summarizes revenue by reportable segment for the periods indicated:

	Three Months Ended September 30,
	2021		2020
Science Segment	$	200,821	$	188,701
Intellectual Property Segment	241,296		95,659
Total Revenues	$	442,117	$	284,360
	Nine Months Ended September 30,
	2021		2020
Science Segment	$	594,380	$	514,774
Intellectual Property Segment	721,812		283,678
Total Revenues	$	1,316,192	$	798,452

Schedule of contract balances

	Accounts receivable, net		Current portion of deferred revenues		Non-current portion of deferred revenues
Opening (1/1/2021)	$	737,733	$	707,318	$	41,399
Closing (09/30/2021)	610,755		579,935		44,934
(Increase)/decrease	$	126,978	$	127,383	$	(3,535)
Opening (1/1/2020)	$	333,858	$	407,325	$	19,723
Closing (09/30/2020)	238,638		326,098		24,080
(Increase)/decrease	$	95,220	$	81,227	$	(4,357)