|3 Months Ended|
Mar. 31, 2022
|Revenue from Contract with Customer [Abstract]|
Note 4. Revenue
For the three months ended March 31, 2022, the Company recognized $1.9 million from the deferred revenue account balance as of December 31, 2021. For the three months ended March 31, 2021, the Company recognized $2.0 million from the deferred revenue account balance as of December 31, 2020.
Deferred revenue is expected to be recognized when the Company provides hardware maintenance services or contractual performance obligations for which the customer has already provided payment with $5.5 million expected to be recognized in the remainder of 2022, $2.9 million expected to be recognized in 2023, $1.5 million expected to be recognized in 2024, and $0.3 million thereafter.
Disaggregation of Revenue
The following table disaggregates the Company’s revenue based on the nature of the products and services:
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef