Note 3 - Contracts With Customers

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(3) CONTRACTS WITH CUSTOMERS

The following table disaggregates revenue for the three- and nine-month periods ended September 30, 2022 and 2021 based on timing of revenue recognition (in thousands):

	Three months ended				Nine months ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Subscription services recognized ratably over time	$	34,907	$	34,598	$	105,822	$	101,867
Services recognized at a point in time		1,342		1,160		3,272		2,046
Fixed, non-subscription recognized over time		1,127		888		2,318		2,014
Unit price services recognized over time		315		1,121		2,012		3,729
Total revenue	$	37,691	$	37,767	$	113,424	$	109,656

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (in thousands):

	September 30, 2022			December 31, 2021
Accounts receivables	$	15,378		$	13,728
Contract assets included in other current assets	$	19		$	99
Deferred Revenue	$	(17,373	)	$	(17,213	)

Significant changes in contract assets and contract liabilities during the nine-month periods ended September 30, 2022 and 2021 are as follows (in thousands):

	2022						2021
	Contract Asset			Deferred Revenue			Contract Asset			Deferred Revenue
	Increase (Decrease)
Revenue recognized that was included in deferred revenue at beginning of year due to completion of services	$	-		$	(16,522	)	$	-		$	(14,926	)
Increases due to invoicing of client, net of amounts recognized as revenue		-			16,578			-			16,087
Decreases due to completion of services (or portion of services) and transferred to accounts receivable		(88	)		-			(164	)		-
Increases due to acquisition		-			-			-			239
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration		-			104			-			323
Increases due to revenue recognized in the period with additional performance obligations before invoicing		8			-			26			-

We have elected to apply the practical expedient to not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. Total remaining contract revenue for contracts with original duration of greater than one year expected to be recognized in the future related to performance obligations that are unsatisfied at September 30, 2022 approximated $1.8 million, of which $218,000, $972,000, $621,000 and $15,000 are expected to be recognized during 2022, 2023, 2024 and 2025, respectively.