XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenue
 9 Months Ended
Sep. 30, 2022
Revenue [Abstract]  
Revenue
2. Revenue

We account for revenue in accordance with ASC Topic 606: Revenue from Contracts with Customers.

Disaggregation of revenue

The following tables disaggregate our revenue by market type, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.  Sales and usage-based taxes are excluded from revenues.

   
Three Months Ended
  
 
September 30,
  
   
2022
    
2021
  
   
(In thousands)
  
   
United States
    
International
    
Total
    
United States
    
International
    
Total
  
Food service technology
  
$
3,496
    
$
252
    
$
3,748
    
$
3,065
    
$
217
    
$
3,282
  
POS automation
    
5,228
      
–
      
5,228
      
1,188
      
–
      
1,188
  
Casino and gaming
    
3,758
      
3,985
      
7,743
      
2,656
      
1,380
      
4,036
  
Printrex
    
–
      
–
      
–
      
–
      
160
      
160
  
TransAct Services Group
    
983
      
154
      
1,137
      
1,856
      
115
      
1,971
  
Total net sales
  
$
13,465
    
$
4,391
    
$
17,856
    
$
8,765
    
$
1,872
    
$
10,637
  

   
Nine Months Ended
  
 
September 30,
  
   
2022
    
2021
  
   
(In thousands)
  
   
United States
    
International
    
Total
    
United States
    
International
    
Total
  
Food service technology
  
$
8,723
    
$
587
    
$
9,310
    
$
8,616
    
$
487
    
$
9,103
  
POS automation
    
7,700
      
–
      
7,700
      
3,600
      
8
      
3,608
  
Casino and gaming
    
10,475
      
8,555
      
19,030
      
7,058
      
3,310
      
10,368
  
Printrex
    
–
      
–
      
–
      
52
      
379
      
431
  
TransAct Services Group
    
3,396
      
745
      
4,141
      
4,388
      
365
      
4,753
  
Total net sales
  
$
30,294
    
$
9,887
    
$
40,181
    
$
23,714
    
$
4,549
    
$
28,263
  

Contract balances

Contract assets consist of unbilled receivables.  Pursuant to the over-time revenue recognition model, revenue may be recognized prior to the customer being invoiced.  An unbilled receivable is recorded to reflect revenue that is recognized when such revenue exceeds the amount invoiced to the customer. Unbilled receivables are separated into current and non-current assets and included within “Accounts receivable, net” and “Other assets” in non-current assets in the Condensed Consolidated Balance Sheets.

Contract liabilities consist of customer pre-payments and deferred revenue.  Customer prepayments are reported as “Accrued liabilities” in current liabilities in the Condensed Consolidated Balance Sheets and represent customer payments made in advance of performance obligations in instances where credit has not been extended and are recognized as revenue when the performance obligation is complete.  Deferred revenue is reported separately in current liabilities and non-current liabilities and consists of our extended warranty contracts, technical support for our food service technology terminals, EPICENTRAL® maintenance contracts and prepaid software subscriptions for our BOHA! software applications and is recognized as revenue as (or when) we perform under the contract.  For the nine months ended September 30, 2022, we recognized revenue of $0.8 million related to our contract liabilities at December 31, 2021. Total net contract liabilities consisted of the following:

 
September 30, 2022
    
December 31, 2021
  
   
(In thousands)
  
Unbilled receivables, current
  
$
393
    
$
314
  
Unbilled receivables, non-current
    
196
      
308
  
Customer pre-payments
    
(221
)
    
(99
)
Deferred revenue, current
    
(1,158
)
    
(805
)
Deferred revenue, non-current
    
(164
)
    
(186
)
Total net contract liabilities
  
$
(954
)
  
$
(468
)

Remaining performance obligations

Remaining performance obligations represent the transaction price of firm orders for which a good or service has not been delivered to our customer.  As of September 30, 2022, the aggregate amount of transaction prices allocated to remaining performance obligations was $19.0 million.  The Company expects to recognize revenue of $18.5 million of its remaining performance obligations within the next 12 months following September 30, 2022, $0.4 million within the next 24 months following September 30, 2022 and the balance of these remaining performance obligations within the next 36 months following September 30, 2022.