Note 16 - Deferred Revenue |
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Aug. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenue from Contract with Customer [Text Block] |
NOTE 16 - Deferred Revenue
Deferred revenue represents contract liabilities under ASC 606, Revenue from Contracts with Customers, arising from consideration received (or unconditionally due) from customers in advance of the Company’s satisfaction of the related performance obligations. The Company recognizes the associated revenue when (or as) those performance obligations are satisfied.
Deferred revenue consists principally of advance customer payments associated with Merchant of Record (MOR) bookings, group commission revenue, and campaign revenue. FSA commission revenue and programmatic revenue are not included in deferred revenue; FSA commission is recorded within accounts receivable, and programmatic revenue is recorded within accounts receivable or recognized when received.
The Company expects substantially all remaining performance obligations as of August 31, 2026 to be satisfied, and the related deferred revenue to be recognized as revenue, within the next twelve months.
The following table presents the changes in the Company’s deferred revenue balance for the six months ended August 31, 2026 and August 31, 2025:
Revenue recognized during each period that was included in the deferred revenue balance at the beginning of the respective period was as follows:
The opening balance of deferred revenue as of March 1, 2025 (i.e., the beginning of the earliest comparative period presented) was $97,770.
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