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Revenue Recognition
 3 Months Ended
Mar. 31, 2021
Revenue Recognition [Abstract]  
Revenue Recognition

Note 9 - 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 March 31, 2021     Three months ended March 31, 2020  
    Verification and Certification Segment     Software Sales and Related Consulting Segment     Eliminations and Other     Consolidated Totals     Verification and Certification Segment     Software Sales and Related Consulting Segment     Eliminations and Other     Consolidated Totals  
Revenues:                                                                
Verification and certification service revenue   $ 3,263     $ -     $ -     $ 3,263     $ 2,803     $ -     $ -     $ 2,803  
Product sales     724       -       -       724       725       -       -       725  
Software license, maintenance and support services revenue     -       141       -       141       -       233       (90 )     143  
Software-related consulting service revenue     -       312       -       312       -       265       (24 )     241  
Total revenues   $ 3,987     $ 453     $ -     $ 4,440     $ 3,528     $ 498     $ (114 )   $ 3,912  

 

Contract Balances

 

As of March 31, 2021, and December 31, 2020, accounts receivable from contracts with customers, net of allowance for doubtful accounts, were approximately $1.9 and $2.5 million, respectively.

 

As of March 31, 2021, and December 31, 2020, deferred revenue from contracts with customers was approximately $1.3 and $1.1 million, respectively. The balance of the contract liabilities at March 31, 2021 and December 31, 2020 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 March 31, 2021 (amounts in thousands):

 

Deferred revenue:      
Unearned revenue January 1, 2021   $ 1,132  
Unearned billings     1,604  
Revenue recognized     (1,401 )
Unearned revenue March 31, 2021   $ 1,335