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CONTRACTS WITH CUSTOMERS AND REVENUE CONCENTRATION
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]

NOTE 7 – CONTRACTS WITH CUSTOMERS AND REVENUE CONCENTRATION

 

Receivables

 

Receivables from contracts with customers, net of allowance for doubtful accounts of $885 were $5,541 at June 30, 2020.  Receivables from contracts with customers, net of allowance for doubtful accounts of $904 were $4,808 at December 31, 2019. As of June 30, 2020, one customer represented 13% of our net accounts receivable balance. No customers represented more than 10% of our net accounts receivable balance as of December 31, 2019.

 

Deferred Commissions

 

Deferred commission costs from contracts with customers were $3,148 and $2,697 at June 30, 2020 and December 31, 2019, respectively. The amount of amortization recognized for the three and six months ended June 30, 2020 was $190 and $440, respectively and for the three and six months ended June 30, 2019 was $471 and $591, respectively.

 

Deferred Revenue

 

During the three and six months ended June 30, 2020, revenue of $689 and $3,393, respectively, and the three and six months ended June 30, 2019, revenue of $631 and $2,214, respectively, was recognized from the deferred revenue balance at the beginning of each period.

 

Transaction Price Allocated to the Remaining Performance Obligations

 

As of June 30, 2020, approximately $27,272 of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 65% of these remaining performance obligations over the next 12 months, with the balance recognized thereafter.

 

Revenue Concentration

 

During the three and six months ended June 30, 2020 and 2019, there were no customers that individually represented 10% or more of consolidated revenue.