| Schedule of Revenue Disaggregated by Revenue Source |
The following table presents the Company’s revenues
disaggregated by revenue source for the three-months ended March 31, 2020 and 2021:
| |
|
Three Months Ended March 31, |
|
| |
|
2020 |
|
|
2021 |
|
| |
|
|
|
|
|
|
| Products |
|
$ |
13,208 |
|
|
$ |
11,420 |
|
| Services |
|
|
17,591 |
|
|
|
17,571 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
30,799 |
|
|
$ |
28,991 |
|
|
| Schedule of Deferred Revenue |
The balances of contract assets, and contract liabilities
from contracts with customers are as follows as of December 31, 2020 and March 31, 2021.
| |
|
December 31, 2020 |
|
|
March 31, 2021 |
|
| |
|
|
|
|
(unaudited) |
|
| |
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Deferred contract costs |
|
$ |
2,157 |
|
|
$ |
2,214 |
|
| Deferred costs |
|
$ |
5,361 |
|
|
$ |
4,637 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue- services (1) |
|
$ |
6,578 |
|
|
$ |
8,065 |
|
| Deferred revenue - products (1) |
|
|
6,767 |
|
|
|
5,845 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
13,345 |
|
|
|
13,910 |
|
| Less: Deferred revenue and contract liabilities - current portion |
|
|
(7,339 |
) |
|
|
(8,356 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred revenue and contract liabilities - less current portion |
|
$ |
6,006 |
|
|
$ |
5,554 |
|
| (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, 2020 and 2021, the Company recognized revenue of $2,174 and $2,718, that was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue these deferred revenue balances before the year 2026, when the services are performed and, therefore, satisfies its performance obligation to the customers. |
|