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Note 8 - Revenues
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Revenues

Note 8 – Revenues

Disaggregated Revenue

The following tables represents a disaggregation of revenues from contracts with customers for the three months ended March 31, 2021 and 2020 by type of service (dollars in thousands):

 

 

 

Topic 606

 

Three Months Ended March 31,

 

 

 

Revenue Recognition

 

2021

 

 

2020

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

589

 

 

$

591

 

Property and asset management fees

 

Over time

 

 

197

 

 

 

191

 

Development fees

 

Over time

 

 

89

 

 

 

93

 

Engineering services

 

Over time

 

 

59

 

 

 

76

 

Sales commissions

 

Point in time

 

 

46

 

 

 

19

 

Topic 606 Revenue

 

 

 

 

980

 

 

 

970

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

 

 

Rental income

 

 

 

$

3,938

 

 

$

4,146

 

Sublease income

 

 

 

 

-

 

 

 

8

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

3,938

 

 

 

4,154

 

Total Revenue

 

 

 

$

4,918

 

 

$

5,124

 

 

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, 2021 are as follows (dollars in thousands):

Remainder of 2021

 

$

9,649

 

2022

 

 

12,559

 

2023

 

 

11,853

 

2024

 

 

9,825

 

2025

 

 

8,160

 

2026

 

 

5,836

 

Thereafter

 

 

17,311

 

Total

 

$

75,193