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Note 9 - Revenues
6 Months Ended
Jun. 30, 2022
Revenue From Contract With Customer [Abstract]  
Revenues

Note 9 – Revenues

Disaggregated Revenue

The following table represents a disaggregation of revenues from contracts with customers for the three months and six months ended June 30, 2022 and 2021 by type of service:

 

 

 

Topic 606

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

Revenue Recognition

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

1,055

 

 

$

477

 

 

$

1,357

 

 

$

1,066

 

Property and asset management fees

 

Over time

 

 

77

 

 

 

149

 

 

 

147

 

 

 

346

 

Sales commissions

 

Point in time

 

 

226

 

 

 

94

 

 

 

372

 

 

 

140

 

Development fees

 

Over time

 

 

 

 

 

88

 

 

 

 

 

 

177

 

Engineering services

 

Over time

 

 

46

 

 

 

74

 

 

 

103

 

 

 

133

 

Topic 606 Revenue

 

 

 

 

1,404

 

 

 

882

 

 

 

1,979

 

 

 

1,862

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rental income

 

 

 

$

6,938

 

 

$

4,816

 

 

$

13,665

 

 

$

8,754

 

Sublease income

 

 

 

 

51

 

 

 

 

 

 

51

 

 

 

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

6,989

 

 

 

4,816

 

 

 

13,716

 

 

 

8,754

 

Total Revenue

 

 

 

$

8,393

 

 

$

5,698

 

 

$

15,695

 

 

$

10,616

 

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 June 30, 2022 are as follows:

(in thousands)

 

 

 

Remainder of 2022

 

$

10,293

 

2023

 

 

20,086

 

2024

 

 

16,973

 

2025

 

 

14,164

 

2026

 

 

11,188

 

2027

 

 

8,644

 

Thereafter

 

 

17,644

 

Total

 

$

98,992