v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue [Abstract]  
Revenue
3. Revenue

We account for revenue in accordance with ASC 606.

Disaggregation of revenue

The following tables disaggregate our revenue by market type, as we believe this best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.  Sales and usage-based taxes are excluded from revenues.

 
Three Months Ended
  
 
March 31,
  
   
2026
    
2025
  
   
(In thousands)
  
   
United States
    
International
    
Total
    
United States
    
International
    
Total
  
Food service technology
  
$
4,376
    
$
316
    
$
4,692
    
$
4,622
    
$
286
    
$
4,908
  
POS automation
    
620
      
–
      
620
      
618
      
–
      
618
  
Casino and gaming
    
5,782
      
2,557
      
8,339
      
4,822
      
1,897
      
6,719
  
TransAct Services Group
    
638
      
126
      
764
      
684
      
124
      
808
  
Total net sales
  
$
11,416
    
$
2,999
    
$
14,415
    
$
10,746
    
$
2,307
    
$
13,053
  

Contract balances

Contract assets consist of unbilled receivables.  Pursuant to the over-time revenue recognition model, revenue may be recognized prior to the customer being invoiced.  An unbilled receivable is recorded to reflect revenue that is recognized when such revenue exceeds the amount invoiced to the customer. Unbilled receivables are separated into current and non-current assets and included within “Accounts receivable, net” and “Other assets” in the Condensed Consolidated Balance Sheets.

Contract liabilities consist of customer pre-payments and deferred revenue.  Customer prepayments are reported as “Accrued liabilities” in current liabilities in the Condensed Consolidated Balance Sheets and represent customer payments made in advance of performance obligations in instances where credit has not been extended and are recognized as revenue when the performance obligation is complete.  Deferred revenue is reported separately in current liabilities and non-current liabilities and consists of our extended warranty contracts, technical support for our food service technology terminals, EPICENTRAL maintenance contracts and prepaid software subscriptions for our BOHA! software applications and is recognized as revenue as (or when) we perform under the contract.  For the three months ended March 31, 2026, we recognized revenue of $0.5 million related to our contract liabilities at December 31, 2025. Total net contract liabilities consisted of the following:

 
March 31, 2026
    
December 31, 2025
  
   
(In thousands)
  
Unbilled receivables, current
  
$
20
    
$
31
  
Unbilled receivables, net of current portion
    
–
      
1
  
Customer pre-payments
    
(45
)
    
(26
)
Deferred revenue, current
    
(1,340
)
    
(1,400
)
Deferred revenue, net of current portion
    
(322
)
    
(355
)
Total net contract liabilities
  
$
(1,687
)
  
$
(1,749
)

Remaining performance obligations
Remaining performance obligations represent the transaction price of firm orders for which a good or service has not been delivered to our customer.  As of March 31, 2026, the aggregate amount of transaction prices allocated to remaining performance obligations was $6.4 million.  The Company expects to recognize revenue of $6.0 million of its remaining performance obligations within the next 12 months following March 31, 2026, $0.3 million within the next 24 months following March 31, 2026 and the balance of these remaining performance obligations recognized within the next 36 months following March 31, 2026.