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Note 9 - Revenues
12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Revenues

Note 9 – Revenues

Disaggregated Revenue

The following tables represents a disaggregation of revenues from contracts with customers for the years ended December 31, 2021 and 2020 by type of service:

 

 

 

 

 

Year Ended December 31,

 

(in thousands)

 

Topic 606
Revenue Recognition

 

2021

 

 

2020

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

2,406

 

 

$

2,313

 

Property and asset management fees

 

Over time

 

 

592

 

 

 

711

 

Development fees

 

Over time

 

 

264

 

 

 

361

 

Engineering services

 

Over time

 

 

250

 

 

 

256

 

Sales commissions

 

Point in time

 

 

430

 

 

 

124

 

Equity fees

 

Point in time

 

 

 

 

 

4

 

Topic 606 Revenue

 

 

 

 

3,941

 

 

 

3,769

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

Rental income

 

 

 

 

21,408

 

 

 

15,864

 

Sublease income

 

 

 

 

 

 

 

26

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

21,408

 

 

 

15,890

 

Total Revenue

 

 

 

$

25,349

 

 

$

19,659

 

 

Leasing Operations

Minimum cash rental payments due to the Company in future periods under executed non-cancelable operating leases in place for the Company’s properties as of December 31, 2021 are as follows:

(in thousands)

 

 

 

For the year ending December 31:

 

 

 

2022

 

$

20,191

 

2023

 

 

18,743

 

2024

 

 

15,348

 

2025

 

 

12,561

 

2026

 

 

9,555

 

Thereafter

 

 

21,557

 

Total

 

$

97,955