| Schedule of Revenue Disaggregated by Revenue Sources |
The following table presents the Company’s
revenues disaggregated by revenue source for the three months ended March 31, 2019 and 2020:
| |
|
Three Months Ended March 31, |
|
| |
|
2019 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Products |
|
$ |
7,249 |
|
|
$ |
13,208 |
|
| Services |
|
|
6,362 |
|
|
|
17,591 |
|
| |
|
$ |
13,611 |
|
|
$ |
30,799 |
|
|
| Schedule of Deferred Revenue |
The balances of contract assets, and contract
liabilities from contracts with customers are as follows as of December 31, 2019 and March 31, 2020:
| |
|
December 31, 2019 |
|
|
March 31, 2020 |
|
| |
|
|
|
|
(Unaudited) |
|
| Assets: |
|
|
|
|
|
|
|
|
| Deferred contract costs |
|
$ |
2,196 |
|
|
$ |
2,096 |
|
| Deferred costs |
|
$ |
8,530 |
|
|
$ |
7,717 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Contract liabilities (1) |
|
$ |
1,098 |
|
|
$ |
903 |
|
| Deferred revenue -other (1) |
|
$ |
227 |
|
|
$ |
315 |
|
| Deferred maintenance and SaaS revenue (1) |
|
|
5,072 |
|
|
|
5,734 |
|
| Deferred logistics visibility solutions product revenue (1) |
|
|
10,932 |
|
|
|
9,827 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
17,329 |
|
|
|
16,779 |
|
| Less: Deferred revenue and contract liabilities - Current portion |
|
|
(8,536 |
) |
|
|
(9,088 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred revenue and contract liabilities - less current portion |
|
$ |
8,793 |
|
|
$ |
7,691 |
|
| (1) |
The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-month periods ended March 31, 2019 and 2020, the Company recognized revenue of $2,500 and $2,174, respectively, that was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue before year 2025, when the services are performed and, therefore, satisfies its performance obligation to the customers. |
|