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Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Generated from Geographic Regions Revenue generated from the following geographic regions was (in thousands):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

United States

 

$

5,247

 

 

$

2,129

 

 

$

9,365

 

 

$

6,439

 

United Kingdom

 

 

323

 

 

 

347

 

 

 

934

 

 

 

1,109

 

Rest of World

 

 

811

 

 

 

539

 

 

 

3,571

 

 

 

4,397

 

 

 

$

6,381

 

 

$

3,015

 

 

$

13,870

 

 

$

11,945

 

 
Schedule of Revenue by Timing of Transfer of Goods or Services

Revenue by timing of transfer of goods or services was (in thousands):

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

2023

 

 

2022

 

Goods or services transferred at a point in time

 

$

4,391

 

 

$

770

 

$

6,893

 

 

$

5,484

 

Goods or services transferred over time

 

 

1,990

 

 

 

2,245

 

 

6,977

 

 

 

6,461

 

 

$

6,381

 

 

$

3,015

 

$

13,870

 

 

$

11,945

 
Schedule of Revenue by Contract Type

Revenue by product group was (in thousands):

 

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

2023

 

 

2022

 

License and service contracts

 

$

5,982

 

 

$

2,571

 

$

11,586

 

 

$

9,787

 

Subscription-based contracts

 

 

399

 

 

 

444

 

 

2,284

 

 

 

2,158

 

 

$

6,381

 

 

$

3,015

 

$

13,870

 

 

$

11,945

 
Schedule of Changes in Contract Assets and Liabilities

The following tables present changes in our contract assets and liabilities during the three and nine months ended September 30, 2023 and 2022 (in thousands):

 

 

 

Balance at
Beginning
of Period

 

 

Revenue
Recognized In
Advance of
Billings

 

 

Billings

 

 

Balance at
End of
Period

 

Three months ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

$

2,820

 

 

$

924

 

 

$

(1,972

)

 

$

1,772

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

$

3,430

 

 

$

1,278

 

 

$

(952

)

 

$

3,756

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at
Beginning
of Period

 

 

Billings

 

 

Revenue
Recognized

 

 

Balance at
End of
Period

 

Three months ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

4,359

 

 

$

3,442

 

 

$

(1,889

)

 

$

5,912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

3,533

 

 

$

2,059

 

 

$

(1,786

)

 

$

3,806

 

 

 

 

 

Balance at Beginning of Period

 

 

Revenue Recognized In
Advance of Billings

 

 

Billings

 

 

Balance at End of Period

 

Nine months ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

$

2,929

 

 

$

2,601

 

 

$

(3,758

)

 

$

1,772

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

$

3,087

 

 

$

4,279

 

 

$

(3,610

)

 

$

3,756

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Beginning of Period

 

 

Billings

 

 

Revenue Recognized

 

 

Balance at End of Period

 

Nine months ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

3,733

 

 

$

7,670

 

 

$

(5,491

)

 

$

5,912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

3,740

 

 

$

5,333

 

 

$

(5,267

)

 

$

3,806