Note 3 - Contracts With Customers

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(3) Contracts with Customers

The following table disaggregates revenue for the years ended December 31, 2023, 2022 and 2021 based on timing of revenue recognition (in thousands):

	2023		2022		2021
Subscription services recognized ratably over time	$	140,172	$	141,981	$	137,008
Services recognized at a point in time		4,071		4,231		3,216
Fixed, non-subscription recognized over time		3,503		3,134		3,065
Unit price services recognized over time		834		2,222		4,665
Total revenue	$	148,580	$	151,568	$	147,954

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

	December 31, 2023		December 31, 2022
Accounts receivables	$	12,378	$	14,461
Contract assets included in other current assets	$	84	$	102
Deferred revenue	$	14,834	$	15,198

Significant changes in contract assets and contract liabilities during the years ended December 31, 2023 and 2022 are as follows (in thousands):

	2023						2022
	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	$	-		$	(15,100	)	$	-		$	(17,170	)
Increases due to invoicing of client, net of amounts recognized as revenue		-			14,837			-			15,081
Decreases due to completion of services (or portion of services) and transferred to accounts receivable		(102	)		-			(99	)		-
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration		-			(101	)		-			74
Increases due to revenue recognized in the period with additional performance obligations before invoicing		84			-			102			-

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 December 31, 2023 approximated $14.5 million of which $5.9 million, $4.7 million, 4.0 million and $12,000 is expected to be recognized during 2024, 2025, 2026 and 2027, respectively.