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Note 11 - Revenues
12 Months Ended
Dec. 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 years ended December 31, 2023 and 2022 by type of service:

 

 

 

 

 

Year Ended December 31,

 

(in thousands)

 

Topic 606
Revenue Recognition

 

2023

 

 

2022

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

2,601

 

 

$

1,767

 

Property and asset management fees

 

Over time

 

 

142

 

 

 

299

 

Sales commissions

 

Point in time

 

 

296

 

 

 

756

 

Development fees

 

Over time

 

 

42

 

 

 

 

Engineering services

 

Over time

 

 

60

 

 

 

178

 

Topic 606 Revenue

 

 

 

 

3,141

 

 

 

3,000

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

Rental income

 

 

 

 

38,990

 

 

 

29,871

 

Sublease income

 

 

 

 

38

 

 

 

80

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

39,028

 

 

 

29,951

 

Total Revenue

 

 

 

$

42,169

 

 

$

32,951

 

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, 2023 are as follows:

 

(in thousands)

 

 

 

For the year ending December 31:

 

 

 

2024

 

$

29,322

 

2025

 

 

24,632

 

2026

 

 

17,138

 

2027

 

 

14,755

 

2028

 

 

11,982

 

Thereafter

 

 

37,271

 

Total

 

$

135,100