XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Revenue from contracts with customers | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Revenue from contracts with customers | Revenue from contracts with customers Disaggregation of revenue The following table depicts the disaggregation of revenue by type of products or services and timing of transfer of products or services (in thousands):
| Three months ended June 30,
| 2022 |  | 2021
Type of products or services |  |  |
QCaaS | $ | 1,176 |  |  | $ | 961 |
Professional services | 156 |  |  | 158 |
Other revenue | 39 |  |  | 18 |
Total revenue, net | $ | 1,371 |  |  | $ | 1,137 |
Timing of revenue recognition |  |  |
Revenue recognized over the time | $ | 1,296 |  |  | $ | 1,099 |
Revenue recognized at a point in time | 75 |  |  | 38 |
Total revenue, net | $ | 1,371 |  |  | $ | 1,137 |
| Six months ended June 30,
| 2022 |  | 2021
Type of products or services |  |  |
QCaaS | $ | 2,560 |  |  | $ | 2,083 |
Professional services | 464 |  |  | 429 |
Other revenue | 59 |  |  | 34 |
Total revenue, net | $ | 3,083 |  |  | $ | 2,546 |
Timing of revenue recognition |  |  |
Revenue recognized over the time | $ | 2,957 |  |  | $ | 2,484 |
Revenue recognized at a point in time | 126 |  |  | 62 |
Total revenue, net | $ | 3,083 |  |  | $ | 2,546 |
Other revenue includes printed circuit board sales. Revenue by geographical markets is presented in Note 11 - Geographic areas. Contract balances The following table provides information about account receivable, contract assets and liabilities as of June 30, 2022 and December 31, 2021 (in thousands):
| June 30, |  | December 31,
| 2022 |  | 2021
Contract assets: |  |  |
Trade account receivable | $ | 918 |  |  | $ | 421 |
Unbilled receivables, which are included in 'Prepaid expenses and other current assets' | 41 |  |  | 17 |
Total contract assets | 959 |  |  | 438 |
Contract liabilities: |  |  |
Deferred revenue, current | 2,595 |  |  | 2,665 |
Deferred revenue, noncurrent | 20 |  |  | 54 |
Customer deposit, which are included in 'Accrued expenses and other current liabilities' | 21 |  |  | 21 |
Total contract liabilities | $ | 2,636 |  |  | $ | 2,740 |
Changes in deferred revenue from contracts with customers were as follows (in thousands):
| June 30, |  | December 31,
| 2022 |  | 2021
Balance at beginning of period | $ | 2,719 |  |  | $ | 4,713 |
Deferral of revenue | 2,906 |  |  | 4,092 |
Recognition of deferred revenue | (3,010) |  |  | (6,086) |
Balance at end of period | $ | 2,615 |  |  | $ | 2,719 |
Remaining performance obligations A significant number of the Company’s product and service sales are short-term in nature with a contract term of one year or less. For those contracts, the Company has utilized the practical expedient in ASC 606-10-50-14 exempting the Company from disclosure of the transaction price allocated to remaining performance obligations if the performance obligation is part of a contract that has an original expected duration of one year or less. As of June 30, 2022, the aggregate amount of remaining performance obligations that were unsatisfied or partially unsatisfied related to customer contracts was $2.6 million. This amount included deferred revenue on the Company’s consolidated balance sheets, of which approximately 99% is expected to be recognized to revenue in the next 12 months. As of December 31, 2021, the aggregate amount of remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied was $2.7 million which included deferred revenue on the Company’s consolidated balance sheets, of which approximately 98% was expected to be recognized to revenue in the next 12 months.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration