Accounts Receivable and Contract Assets

12 Months Ended

Dec. 31, 2020

Accounts Receivable and Contract Assets [Abstract]

3. Accounts Receivable and Contract Assets

Accounts receivable and contract assets are summarized in the following table:

	As of			As of
	Dec. 31, 2020			Dec. 31, 2019			Change
Accounts receivable – customers	$	5,633		$	4,574		$	1,059
Other receivables		206			152			54
		5,839			4,726			1,113
Less: allowance for doubtful accounts		(655	)		(305	)		(350	)
Accounts receivable, net	$	5,184		$	4,421		$	763

Unbilled revenue	$	2,847		$	2,276		$	571

Differences in timing of revenue recognition, billings, and cash collections result in receivables and contract assets. Generally, billing occurs subsequent to revenue recognition, resulting in a contract asset reported as unbilled revenue on the balance sheet. The Company does not receive advances or deposits from customers before revenue is recognized so no contract liabilities are reported. Accounts receivable are recorded when the right to consideration becomes unconditional and are presented separately on the balance sheet. The changes in accounts receivable – customers and in unbilled revenue were primarily due to normal timing difference between performance and the customer’s payments. In 2020, a weakening in the timeliness of payments due to the COVID-19 pandemic increased the accounts receivable – customers. This was considered in the review of the allowance for doubtful accounts resulting in the increase in the balance in 2020.