Note 2 - Contracts With Customers

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(2) CONTRACTS WITH CUSTOMERS

The following table disaggregates revenue for the three- and six-month periods ended June 30, 2024 and 2023 based on timing of revenue recognition (in thousands):

	Three months ended				Six months ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Subscription services recognized ratably over time	$	33,103	$	34,306	$	66,374	$	68,739
Services recognized at a point in time		855		903		2,276		2,079
Fixed, non-subscription recognized over time		936		742		1,431		1,397
Unit price services recognized over time		127		210		253		419
Total revenue	$	35,021	$	36,161	$	70,334	$	72,634

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

	June 30, 2024		December 31, 2023
Accounts receivables	$	10,057	$	12,378
Contract assets included in other current assets	$	26	$	84
Deferred Revenue	$	14,514	$	14,834

Significant changes in contract assets and contract liabilities during the six-month periods ended June 30, 2024 and 2023 are as follows (in thousands):

	2024						2023
	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	$	-		$	(11,193	)	$	-		$	(11,375	)
Increases due to invoicing of client, net of amounts recognized as revenue		-			10,928			-			11,104
Decreases due to completion of services (or portion of services) and transferred to accounts receivable		(79	)		-			(81	)		-
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration		-			(55	)		-			(99	)
Increases due to revenue recognized in the period with additional performance obligations before invoicing		21			-			44			-

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 June 30, 2024 approximated $43.8 million, of which $8.9 million, $17.3 million, $13.7 million, $3.7 million, $181,000 and $46,000 are expected to be recognized during 2024, 2025, 2026, 2027, 2028 and 2029, respectively.