Revenues

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

As discussed in Note 1, Organization and Business, we deconsolidated Glocal during the three months ended September 30, 2022; accordingly, the financial results of Glocal for the three months ended March 31, 2022 are included in our unaudited condensed consolidated financial statements, and the financial results of Glocal for the three months ended March 31, 2023 are not included in our unaudited condensed consolidated financial statements.

Revenues by geography consisted of the following:

	Three months ended March 31,
(In thousands)	2023		2022
Americas	$	42,145	$	32,663
Asia	—		3,309
Total revenues	$	42,145	$	35,972

Our revenues are entirely derived from the healthcare industry. Revenues recognized over-time were approximately 75% and 71% of the total revenues during three months ended March 31, 2023 and 2022, respectively.

Contract Assets

There were no impairments of contract assets, consisting of unbilled receivables, during the three months ended March 31, 2023 and 2022.

The change in contract assets was as follows:

	Three Months Ended March 31,
(In thousands)	2023		2022
Unbilled receivables, beginning of period	$	694	$	784
Reclassifications to billed receivables	(694)		(232)
Revenues recognized in excess of period billings	668		285
Unbilled receivables, end of period	$	668	$	837

Contract Liabilities

The change in contract liabilities, consisting of deferred revenue, was as follows:

	Three Months Ended March 31,
(In thousands)	2023		2022
Deferred revenue, beginning of period	$	2,738	$	2,649
Revenues recognized from balances held at the beginning of the period	(1,442)		(1,581)
Revenues deferred from period collections on unfulfilled performance obligations	253		664
Deferred revenue, end of period	$	1,549	$	1,732

Revenues recognized ratably over time are generally billed in advance and includes software-as-a-service (“SaaS”) internet hosting, subscriptions, construction of digital hospitals and dispensaries, and related consulting, implementation, services support, and advisory services.

Revenues recognized as delivered over time include professional services billed on a time and materials basis, and fixed fee professional services and training classes that are primarily billed, delivered, and recognized within the same reporting period.

Approximately 3.4% of revenues recognized during the three months ended March 31, 2023, was from the deferred revenue balance existing as of December 31, 2022. Approximately 4% of revenues recognized during the three months ended March 31, 2022, was from the deferred revenue balance existing as of December 31, 2021.

Remaining Performance Obligations

Remaining performance obligations consisted of the following as of March 31, 2023:

(In thousands)	Remaining 2023		2024		Total
Subscriptions	$	2,919	$	1,104	$	4,023
Program management and professional services	2,092		—		2,092
Total	$	5,011	$	1,104	$	6,115