Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.2
REVENUE RECOGNITION (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Summary of changes in contract assets and liabilities for the nine months ended September 30, 2020 and 2019:
Nine Months Ended September 30,
2020 2019
Contract assets
Contract assets, beginning $ —  $ 36,000 
Contract assets at beginning of year transferred to accounts receivable —  (36,000)
Reversal of contract assets due to changes in transaction price —  (8,000)
Contract assets recorded on contracts during the period —  8,000 
Contract assets, ending $ —  $ — 
Contract liabilities
Contract liabilities, beginning $ 1,731,000  $ 271,000 
Recognition of revenue included in beginning of year contract liabilities (1,679,000) (199,000)
Contract liabilities, net of revenue recognized on contracts during the period 2,326,000  2,037,000 
Contract liabilities, ending $ 2,378,000  $ 2,109,000