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Revenue | 3 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE Revenue Disaggregation The following summarizes our revenue by geographic location of our customers:
|  | Three months ended December 31,
($ in thousands) |  | 2019 |  | 2018
North America, primarily the United States |  | $ | 47,536 |  |  | $ | 46,335 |
Europe, Middle East & Africa |  | 8,516 |  |  | 10,104 |
Rest of world |  | 6,265 |  |  | 5,874 |
Total revenue |  | $ | 62,317 |  |  | $ | 62,313 |
9. REVENUE (CONTINUED) The following summarizes our revenue by the timing of revenue recognition:
|  | Three months ended December 31,
($ in thousands) |  | 2019 |  | 2018
Transferred at a point in time |  | $ | 56,300 |  |  | $ | 57,463 |
Transferred over time |  | 6,017 |  |  | 4,850 |
Total revenue |  | $ | 62,317 |  |  | $ | 62,313 |
Contract Balances Contract Assets Contract assets consist of subscriber assets. These subscriber assets relate to fees in certain contracts that we charge our customers so they can begin using equipment. In these cases, we retain the ownership of the equipment that the customer uses. The total net book value of subscriber assets of $2.0 million and $2.1 million as of December 31, 2019 and September 30, 2019, respectively, are included in property, equipment and improvements, net. Depreciation expense for these subscriber assets, which is included in cost of sales, was $0.3 million and $0.2 million for the three month periods ended December 31, 2019 and December 31, 2018, respectively. We depreciate the cost of this equipment over its useful life (typically three years). Contract Liabilities The timing of revenue recognition may differ from the timing of invoicing to customers. Customers are invoiced for subscription services in advance on a monthly, quarterly or annual basis. Contract liabilities consist of unearned revenue related to annual or multi-year contracts for subscription services and related implementation fees for our IoT Solutions segment and our Digi Remote Manager® services in our IoT Products & Services segment. Changes in unearned revenue were:
($ in thousands) |  | Three months ended December 31, 2019
Unearned revenue, beginning of period |  | $ | 5,025 |
Billings |  | 9,847 |
Revenue recognized |  | (8,070 | )
Unearned revenue, end of period |  | $ | 6,802 |
Remaining Transaction Price Transaction price allocated to the remaining performance obligations represents contracted revenue that has not been recognized. This includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods. As of December 31, 2019 approximately $13.2 million of revenue is expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenue on approximately $8.4 million of remaining performance obligations over the next twelve months. Revenue from the remaining performance obligations we expect to recognize over a range of two to seven years.

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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 http://asc.fasb.org/topic&trid=49130388 + Details
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