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Note 11 - Revenues
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenues

Note 11 – Revenues

Disaggregated Revenue

The following table represents a disaggregation of revenues from contracts with customers for the three months ended March 31, 2023 and 2022 by type of service:

 

 

 

Topic 606

 

Three Months Ended March 31,

 

(in thousands)

 

Revenue Recognition

 

2023

 

 

2022

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

818

 

 

$

302

 

Property and asset management fees

 

Over time

 

 

33

 

 

 

70

 

Sales commissions

 

Point in time

 

 

38

 

 

 

146

 

Development fees

 

Over time

 

 

9

 

 

 

 

Engineering services

 

Over time

 

 

14

 

 

 

57

 

Topic 606 Revenue

 

 

 

 

912

 

 

 

575

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

Rental income

 

 

 

$

10,208

 

 

$

6,727

 

Sublease income

 

 

 

 

12

 

 

 

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

10,220

 

 

 

6,727

 

Total Revenue

 

 

 

$

11,132

 

 

$

7,302

 

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 March 31, 2023 are as follows:

(in thousands)

 

 

 

Remainder of 2023

 

$

20,388

 

2024

 

 

23,425

 

2025

 

 

21,130

 

2026

 

 

17,639

 

2027

 

 

14,781

 

2028

 

 

10,781

 

Thereafter

 

 

32,854

 

Total

 

$

140,998