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Note 9 - Revenues (Tables)
6 Months Ended
Jun. 30, 2022
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenues

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

 

Summary of Minimum Cash Rental Payments Due in Future Periods Under Executed Non-cancelable Operating Leases

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