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Revenue | 6 Months Ended
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Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE Disaggregated Revenue The following table presents the disaggregation of our revenue for the three and six months ended June 30, 2022 and 2021 (in thousands):
| Three months ended June 30, |  |  |  |
| 2022 |  | 2021 |  | Increase/(Decrease)
Variable patent royalty revenue | $ | 7,673 |  |  | $ | 7,323 |  |  | $ | 350 |  |  | 5 | %
Fixed-fee royalty revenue | 91,756 |  |  | 69,296 |  |  | 22,460 |  |  | 32 | %
Current patent royalties a | 99,429 |  |  | 76,619 |  |  | 22,810 |  |  | 30 | %
Non-current patent royalties b | 24,556 |  |  | 9,586 |  |  | 14,970 |  |  | 156 | %
Total patent royalties | 123,985 |  |  | 86,205 |  |  | 37,780 |  |  | 44 | %
Current technology solutions revenue a | 672 |  |  | 1,530 |  |  | (858) |  |  | (56) | %
Total revenue | $ | 124,657 |  |  | $ | 87,735 |  |  | $ | 36,922 |  |  | 42 | %
| Six months ended June 30, |  |  |  |
| 2022 |  | 2021 |  | Increase/(Decrease)
Variable patent royalty revenue | $ | 16,718 |  |  | $ | 14,419 |  |  | $ | 2,299 |  |  | 16 | %
Fixed-fee royalty revenue | 181,599 |  |  | 138,592 |  |  | 43,007 |  |  | 31 | %
Current patent royalties a | 198,317 |  |  | 153,011 |  |  | 45,306 |  |  | 30 | %
Non-current patent royalties b | 26,747 |  |  | 13,367 |  |  | 13,380 |  |  | 100 | %
Total patent royalties | 225,064 |  |  | 166,378 |  |  | 58,686 |  |  | 35 | %
Current technology solutions revenue a | 911 |  |  | 3,720 |  |  | (2,809) |  |  | (76) | %
Total revenue | $ | 225,975 |  |  | $ | 170,098 |  |  | $ | 55,877 |  |  | 33 | %
a. Recurring revenues are comprised of current patent royalties, inclusive of dynamic fixed-fee royalty payments, and current technology solutions revenue from the tables above. b. Non-recurring revenues are comprised of non-current patent royalties, which include past patent royalties and royalties from static agreements, as well as patent sales from the tables above. During the six months ended June 30, 2022, we recognized $164.0 million of revenue that had been included in deferred revenue as of the beginning of the period. As of June 30, 2022, we had contract assets of $24.5 million and $7.8 million included within "Accounts receivable" and "Other non-current assets, net" in the condensed consolidated balance sheet, respectively. As of December 31, 2021, we had contract assets of $18.9 million and $8.3 million included within "Accounts receivable" and "Other non-current assets, net" in the condensed consolidated balance sheet, respectively. Contracted Revenue Based on contracts signed and committed as of June 30, 2022, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):
| Revenue
Remainder of 2022 | $ | 148,513 |
2023 | 129,365 |
2024 | 80,951 |
2025 | 68,573 |
2026 and thereafter | 5,181 |
Total Revenue | $ | 432,583 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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