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Note B - Revenue From Contracts With Customers
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

NOTE B—REVENUE FROM CONTRACTS WITH CUSTOMERS

 

Disaggregation of Revenue

 

The following table summarizes revenue from contracts with customers for the years ended December 31, 2021 and 2020:

 

   

North

America

    

Africa

    

EMESA*

    

Asia

    

December

31,

2021

  
                                         

License fees

   $ 1,854,088     $ 521,751     $ 105,314     $ 74,656     $ 2,555,809  

Hardware

     278,655       698,264       265,996       42,411       1,285,326  

Services

     1,162,526       42,000       54,918       13,910       1,273,354  

Total Revenues

   $ 3,295,269     $ 1,262,015     $ 426,228     $ 130,977     $ 5,114,489  

 

   

North

America

    

Africa

    

EMESA*

    

Asia

    

December

31,

2020

  
                                         

License fees

   $ 842,307     $ -     $ 46,922     $ 72,809     $ 962,038  

Hardware

     267,996       -       144,647       29,873       442,516  

Services

     1,296,696       44,228       68,196       23,108       1,432,228  

Total Revenues

   $ 2,406,999     $ 44,228     $ 259,765     $ 125,790     $ 2,836,782  

 

* EMESA – Europe, Middle East, South America

 

Revenue recognized during the year ended December 31, 2021 from amounts included in deferred revenue at the beginning of the year was approximately $529,000. Revenue recognized during the year ended December 31, 2020 from amounts included in deferred revenue at the beginning of the year was approximately $290,000. The Company did not recognize any revenue from performance obligations satisfied in prior periods. Total deferred revenue (contract liability) was $632,655 and $702,336 at December 31, 2021 and 2020, respectively.

 

Transaction Price Allocated to the Remaining Performance Obligations

 

ASC 606 requires that the Company disclose the aggregate amount of transaction price that is allocated to performance obligations that have not yet been satisfied as at December 31, 2021. The guidance provides certain practical expedients that limit this requirement, which the Company’s contracts meet as follows:

 

 

●

The performance obligation is part of a contract that has an original expected duration of one year or less, in accordance with ASC 606-10-50-14.

 

Deferred revenue represents the Company’s remaining performance obligations related to prepaid support and maintenance, all of which is expected to be recognized from one to five years.