|9 Months Ended|
Sep. 30, 2021
|Revenue from Contract with Customer [Abstract]|
Note 4. Revenue
For the three and nine months ended September 30, 2021, the Company recognized $1.3 million and $4.2 million of revenue, respectively, from the deferred revenue account balance as of June 30, 2021 and December 31, 2020, respectively. For the three and nine months ended September 30, 2020, the Company recognized $1.3 million and $1.5 million of revenue, respectively, from the deferred revenue account balance as of June 30, 2020 and December 31, 2019, respectively.
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 $2.4 million expected to be recognized in the remainder of 2021, $3.8 million expected to be recognized in 2022, $1.7 million expected to be recognized in 2023, and $0.8 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