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Note 3 - Revenue From Contracts With Customers
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

3.

REVENUE FROM CONTRACTS WITH CUSTOMERS

 

Disaggregation of Revenue

 

The following table summarizes revenue from contracts with customers for the three month periods ended March 31, 2024 and March 31, 2023:

 

  

North

              

March 31,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2024

 
                     

License fees

 $519,244  $1,266,553  $164,637  $-  $1,950,434 

Hardware

  17,408   -   239   -   17,647 

Services

  191,481   20,254   1,387   -   213,122 

Total Revenues

 $728,133  $1,286,807  $166,263  $-  $2,181,203 

 

  

North

              

March 31,

 
  

America

  

Africa

  

EMESA*

  

Asia

  

2023

 
                     

License fees

 $408,530  $552,630  $546,746  $70,650  $1,578,556 

Hardware

  24,781   -   47,008   900   72,689 

Services

  263,858   23,787   239,927   4,950   532,522 

Total Revenues

 $697,169  $576,417  $833,681  $76,500  $2,183,767 

 

*EMESA – Europe, Middle East, South America

 

Deferred Revenue 

 

Deferred revenue includes customer advances and amounts that have been paid by customer for which the contractual maintenance terms have not yet occurred. The majority of these amounts are related to maintenance contracts for which the revenue is recognized ratably over the applicable term, which generally is 12-60 months. Contracts greater than 12 months are segregated as long term deferred revenue. Maintenance contracts include provisions for unspecified when-and-if available product updates and customer telephone support services. At March 31, 2024 and December 31, 2023, amounts in deferred revenue were approximately $899,000 and $443,000, respectively. Revenue recognized during the three months ended March 31, 2024 and March 31, 2023 from amounts included in deferred revenue at the beginning of the period was approximately $274,000 and $223,000, respectively. The Company did not recognize any revenue from performance obligations satisfied in prior periods.