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Revenue Recognition
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

Note 10 - Revenue Recognition

 

Disaggregation of Revenue

 

We have identified four material revenue categories in our business: (i) verification and certification service revenue, (ii) product sales, (iii) software license, maintenance and support services revenue and (iv) software-related consulting service revenue.

 

Revenue attributable to each of our identified revenue categories is disaggregated in the table below (amounts in thousands).

 

    Three months ended June 30, 2020     Three months ended June 30, 2019  
    Verification
and
Certification
Segment		     Software
Sales and
Related
Consulting
Segment		     Eliminations
and Other		     Consolidated     Verification
and
Certification
Segment		     Software
Sales and
Related
Consulting
Segment		     Eliminations
and Other		     Consolidated  
Verification and certification service revenue   $ 3,108     $ -     $                 -     $ 3,108     $ 3,743     $ -     $ -     $ 3,743  
Product sales     796       -       -       796       635       -       -       635  
Software license, maintenance and support services revenue     -       237       -       237       -       339       (39 )     300  
Software-related consulting service revenue     -       275       -       275       -       243       (33 )     210  
Total revenues   $ 3,904     $ 512     $ -     $ 4,416     $ 4,378     $ 582     $ (72 )   $ 4,888  

 

    Six months ended June 30, 2020     Six months ended June 30, 2019  
    Verification
and
Certification
Segment		     Software
Sales and
Related
Consulting
Segment 		     Eliminations and Other     Consolidated     Verification
and
Certification
Segment 		    Software
Sales and
Related
Consulting
Segment 		      Eliminations
and Other 		    Consolidated  
Verification and certification service revenue   $ 5,911     $ -     $    -     $ 5,911     $ 6,555     $ -     $ -     $ 6,555  
Product sales     1,521       -       -       1,521       1,276       -       -       1,276  
Software license, maintenance and support services revenue     -       470       (90 )     380       -       682       (87 )     595  
Software-related consulting service revenue     -       540       (24 )     516       -       464       (47 )     417  
Total revenues   $ 7,432     $ 1,010     $ (114 )   $ 8,328     $ 7,831     $ 1,146     $ (134 )   $ 8,843  

 

Contract Balances

 

As of June 30, 2020, and December 31, 2019, accounts receivable from contracts with customers, net of allowance for doubtful accounts, were approximately $1.8 and $2.5 million, respectively.

 

As of June 30, 2020, and December 31, 2019, deferred revenue from contracts with customers was approximately $1.2 and $0.8 million, respectively. The balance of the contract liabilities at June 30, 2020 and December 31, 2019 are expected to be recognized as revenue within one year or less of the invoice date.

 

The following table reflects the changes in our contract liabilities during the three month period ended June 30, 2020:

 

Deferred revenue (in thousands):        
Unearned revenue March 31, 2020   $ 1,413  
Unearned billings     503  
Revenue recognized     (710 )
Unearned revenue June 30, 2020   $ 1,206  

 

The following table reflects the changes in our contract liabilities during the six month period ended June 30, 2020:

 

Deferred revenue (in thousands):            
Unearned revenue January 1, 2020   $ 797  
Unearned billings     1,737  
Revenue recognized     (1,328 )
Unearned revenue June 30, 2020   $ 1,206