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Note 2 - Revenue Recognition | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | 2. REVENUE RECOGNITION Disaggregated Revenue by Product Technology The following table presents our revenues disaggregated by product technology:
|  | Twelve Months Ended December 31, |
|  | 2021 |  |  | 2020 |
Air Pollution Control |  |  |  |  |  |  |  |
Technology solutions |  | $ | 4,189 |  |  | $ | 5,668 |
Spare parts |  |  | 1,138 |  |  |  | 906 |
Ancillary revenue |  |  | 1,569 |  |  |  | 1,983 |
Total Air Pollution Control Technology |  |  | 6,896 |  |  |  | 8,557 |
FUEL CHEM |  |  |  |  |  |  |  |
FUEL CHEM technology solutions |  |  | 17,365 |  |  |  | 13,993 |
Total Revenues |  | $ | 24,261 |  |  | $ | 22,550 |
Disaggregated Revenue by Geography The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers:
|  | Twelve Months Ended December 31, |
|  | 2021 |  |  | 2020 |
United States |  | $ | 19,515 |  |  | $ | 18,622 |
Foreign Revenues |  |  |  |  |  |  |  |
Americas |  |  | 356 |  |  |  | 549 |
Europe |  |  | 1,894 |  |  |  | 1,656 |
Asia |  |  | 2,496 |  |  |  | 1,723 |
Total Foreign Revenues |  |  | 4,746 |  |  |  | 3,928 |
Total Revenues |  | $ | 24,261 |  |  | $ | 22,550 |
Timing of Revenue Recognition The following table presents the timing of our revenue recognition:
|  | Twelve Months Ended December 31, |
|  | 2021 |  |  | 2020 |
Products transferred at a point in time |  | $ | 20,072 |  |  | $ | 15,787 |
Products and services transferred over time |  |  | 4,189 |  |  |  | 6,763 |
Total Revenues |  | $ | 24,261 |  |  | $ | 22,550 |
Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) on the consolidated balance sheets. In our Air Pollution Control Technology segment, amounts are billed as work progresses in accordance with agreed-upon contractual terms. Generally, billing occurs subsequent to revenue recognition, resulting in contract assets. For the FUEL CHEM technology segment, deliveries made in the current period but billed in subsequent periods are also considered contract assets. These assets are reported on the consolidated balance sheet on a contract-by-contract basis at the end of each reporting period. At December 31, 2021 and 2020, contract assets for APC technology projects were approximately $1,277 and $2,079, respectively, and $0 and $269, respectively, for the FUEL CHEM technology segment, and are included in accounts receivable on the consolidated balance sheets. However, the Company will periodically bill in advance of costs incurred before revenue is recognized, resulting in contract liabilities. These liabilities are reported on the consolidated balance sheet on a contract-by-contract basis at the end of each reporting period. Contract liabilities were $390 and $850 at December 31, 2021 and 2020, respectively, and are included in other accrued liabilities on the consolidated balance sheets. Changes in the contract asset and liability balances during the year ended December 31, 2021, were not materially impacted by any other items other than amounts billed and revenue recognized as described previously. Revenue recognized that was included in the contract liability balance at the beginning of the period was $776 and $565 for the years ended December 31, 2021 and 2020, respectively, which represented primarily revenue from progress toward completion of our APC technology contracts. As of December 31, 2021 we had no construction contracts in progress that were identified as a loss contract. As of December 31, 2020, we had one construction contract in progress that was identified as a loss contract and a provision for losses of $176 was recorded in other accrued liabilities on the consolidated balance sheet. Refer to Note 9 for an accrual related to equipment failure issue with a customer that requires remedy under the warranty provision of the customer contract. Remaining Performance Obligations Remaining performance obligations, represents the transaction price of Air Pollution Control technology booked orders for which work has not been performed. As of December 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was $9,119. The Company expects to recognize revenue on approximately $5,608 of the remaining performance obligations over the next 12 months with the remaining recognized thereafter. Practical Expedients and Exemptions We generally expense sales commissions on a ratable basis when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses within the Consolidated Statements of Operations. A practical expedient was elected to not recognize shipping and handling costs as a separate performance obligation under ASC 606. Accounts Receivable The components of accounts receivable are as follows:
|  | As of |
|  | December 31, 2021 |  |  | December 31, 2020 |
Trade receivables |  | $ | 2,122 |  |  | $ | 5,015 |
Unbilled receivables |  |  | 1,277 |  |  |  | 2,348 |
Other short-term receivables |  |  | 83 |  |  |  | 20 |
Allowance for doubtful accounts |  |  | (223 | ) |  |  | (835 | )
Total accounts receivable |  | $ | 3,259 |  |  | $ | 6,548 |

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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