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Contract Assets and Liabilities
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Contract Assets and Liabilities

4. CONTRACT ASSETS AND LIABILITIES

The balance of contract assets and liabilities consisted of the following (in thousands):

 

March 31,
2024

 

 

December 31,
2023

 

Contract assets:

 

 

 

 

 

 

Current

 

$

911

 

 

$

1,293

 

 

$

911

 

 

$

1,293

 

Contract liabilities:

 

 

 

 

 

 

Current

 

$

668

 

 

$

299

 

 

$

668

 

 

$

299

 

 

 

 

March 31,
2024

 

Estimate of when contract liabilities will be recognized as revenue:

 

 

 

Within 12 months

 

$

668

 

The current portion of contract assets are included in our accounts receivable. The current portion of contract liabilities is included in unearned revenues.

We did not recognize any impairment losses on our contract assets during the three months ended March 31, 2024 and 2023.