v3.26.1
Note 3 - Revenue
3 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

Note 3 Revenue

 

The following table represents a disaggregation of revenue from contracts with customers for the three months ended  June 30, 2026 and 2025 (in thousands):

 

  

Three Months Ended

 
  

June 30,

 
  

2026

  

2025

 

Revenue

        

Paid User Services

 $2,617  $3,325 

Advertising

  16,026   15,093 

Merchandising

  707   789 

Total Revenue

 $19,350  $19,207 

 

For some contracts, the Company may invoice up front for services recognized over time or for contracts in which the Company has unsatisfied performance obligations. Payment terms and conditions vary by contract type, although terms generally cover monthly payments. In the circumstances where the timing of invoicing differs from the timing of revenue recognition, the Company has determined its contracts do not include a significant financing component. The Company has elected to apply the practical expedient under ASC 606-10-50-14 and not provide disclosure of the amount and timing of performance obligations as the performance obligations are part of a contract that has an original expected duration of one year or less.

 

For the three months ended June 30, 2026 and 2025, one customer accounted for 36% and 36% of the Company’s consolidated revenues, respectively. 

 

The following table summarizes the significant changes in the deferred revenue balances during the nine months ended June 30, 2026 (in thousands):

 

  

Deferred

 
  

Revenue

 

Balance as of March 31, 2026

 $1,789 

Revenue recognized that was included in the contract liability at beginning of period

  (4,079)

Increase due to cash received, excluding amounts recognized as revenue during the period

  3,655 

Balance as of June 30, 2026

 $1,365