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REVENUE
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE

NOTE 3 REVENUE

 

Disaggregation of Revenue

 

In general, the Company’s business segmentation is aligned according to the nature and economic characteristics of our services and provides meaningful disaggregation of each business segment’s results of operations. The following tables present further disaggregation of our revenues by different categories for our Services and Treatment Segments:

 

                               
Revenue by Contract Type                        
(In thousands)  Twelve Months Ended   Twelve Months Ended 
   December 31, 2022   December 31, 2021 
   Treatment   Services   Total   Treatment   Services   Total 
Fixed price  $33,358   $26,960   $60,318   $32,992   $11,236   $44,228 
Time and materials   —    10,281    10,281    —    27,963    27,963 
Total  $33,358   $37,241   $70,599   $32,992   $39,199   $72,191 

 

                               
Revenue by generator                        
(In thousands)  Twelve Months Ended   Twelve Months Ended 
   December 31, 2022   December 31, 2021 
   Treatment   Services   Total   Treatment   Services   Total 
Domestic government  $23,752   $35,906   $59,658   $22,538   $29,013   $51,551 
Domestic commercial   8,307    1,408    9,715    9,294    1,412    10,706 
Foreign government   574    (202)   372    577    8,684    9,261 
Foreign commercial   725    129    854    583    90    673 
Total  $33,358   $37,241   $70,599   $32,992   $39,199   $72,191 

 

 

Contract Balances

 

The timing of revenue recognition and billings results in unbilled receivables (contract assets). The Company’s contract liabilities consist of deferred revenues which represent advance payment from customers in advance of the completion of our performance obligation. The following table represents changes in our contract asset and contract liabilities balances:

 

           Year-to-date   Year-to-date 
(In thousands)  December 31, 2022   December 31, 2021   Change ($)   Change (%) 
Contract assets                    
Unbilled receivables - current  $6,062   $8,995   $(2,933)   (32.6)%
                     
Contract liabilities                    
Deferred revenue  $4,813   $5,580   $(767)   (13.7)%

 

The decrease in unbilled receivables was primarily due to invoicing in connection with the Company’s Canadian projects within the Services Segment.

 

The decrease in deferred revenue was attributed primarily to revenue recognized in connection with a Services Segment contract.

 

During the twelve months ended December 31, 2022 and 2021, the Company recognized revenue of $6,576,000 and $7,196,000, respectively, related to untreated waste that was in the Company’s control as of the beginning of each respective year. Revenue recognized in each period related to performance obligations satisfied within the respective period.