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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of Revenues Disaggregated by Revenue

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

 Schedule of Revenues Disaggregated by Revenue

		Three months ended September 30, 2021																Three months ended September 30, 2020
		Verification and Certification Segment				Software and Related Consulting Segment				Eliminations and Other				Consolidated				Verification and Certification Segment				Software and Related Consulting Segment				Eliminations and Other				Consolidated
Verification and certification service revenue		$	4,701			$	-			$	-			$	4,701			$	4,307			$	-			$	-			$	4,307
Product sales			1,383				-				-				1,383				1,362				-				-				1,362
Software and related consulting revenue			-				461				-				461				-				528				-				528
Total revenues		$	6,084			$	461			$	-			$	6,545			$	5,669			$	528			$	-			$	6,197

		Nine months ended September 30, 2021																Nine months ended September 30, 2020
		Verification and Certification Segment				Software and Related Consulting Segment				Eliminations and Other				Consolidated				Verification and Certification Segment				Software and Related Consulting Segment				Eliminations and Other				Consolidated
Verification and certification service revenue		$	11,659			$	-			$	-			$	11,659			$	10,218			$	-			$	-			$	10,218
Product sales			3,071				-				-				3,071				2,883				-				-				2,883
Software and related consulting revenue			-				1,396				-				1,396				-				1,538				(114	)			1,424
Total revenues		$	14,730			$	1,396			$	-			$	16,126			$	13,101			$	1,538			$	(114	)		$	14,525

Schedule of Changes in Contract Liabilities

The following table reflects the changes in our contract liabilities during the nine month period ended September 30, 2021

 Schedule of Changes in Contract Liabilities

(amounts in thousands):
Deferred revenue:
Unearned revenue January 1, 2021		$	1,132
Unearned billings			3,320
Revenue recognized			(2,888	)
Unearned revenue September 30, 2021		$	1,564

Where Food Comes From, Inc.

Notes to the Consolidated Financial Statements

(Unaudited)

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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