WaveDancer, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Revenue from Contracts with Customers (Tables)

Note 2 - Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Disaggregation of Revenue [Table Text Block]

Contract		3 Months ended 06/30/2020								3 Months ended 06/30/2019
Type		Amount				Percentage				Amount				Percentage

Services Time & Materials		$	730,813				15.2	%		$	577,779				15.6	%

Services Fixed Price			27,150				0.6	%			95,235				2.6	%

Services Combination			134,038				2.8	%			40,364				1.1	%

Services Fixed Price per Unit			36,420				0.7	%			48,251				1.3	%

Third-Party Software			3,607,116				74.8	%			2,789,648				75.3	%

Software Support & Maintenance			263,125				5.5	%			149,290				4.0	%

Incentive Payments			20,733				0.4	%			3,850				0.1	%

Total Revenue		$	4,819,395							$	3,704,417

Contract		6 Months ended 06/30/2020								6 Months ended 06/30/2019
Type		Amount				Percentage				Amount				Percentage

Services Time & Materials		$	1,321,383				19.2	%		$	1,174,530				24.1	%

Services Fixed Price			150,555				2.2	%			214,398				4.4	%

Services Combination			216,446				3.2	%			72,648				1.5	%

Services Fixed Price per Unit			84,440				1.2	%			62,171				1.3	%

Third-Party Software			4,611,420				67.0	%			3,057,367				62.5	%

Software Support & Maintenance			475,693				6.9	%			298,152				6.1	%

Incentive Payments			21,214				0.3	%			3,974				0.1	%

Total Revenue		$	6,881,151							$	4,883,240

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

Contract Liabilities
Balance at December 31, 2019		$	464,223
Contract liabilities added			19,136
Revenue recognized			(212,568	)
Balance at March 31, 2020			270,791
Contract liabilities added			9,906
Revenue recognized			(216,353	)
Balance at June 30, 2020		$	64,344

Deferred Costs of Revenue [Table Text Block]

Deferred Costs of Revenue
Balance at December 31, 2019		$	453,607
Defered costs added			182
Deferred costs expensed			(207,438	)
Balance at March 31, 2020			246,351
Defered costs added			2,472
Deferred costs expensed			(192,548	)
Balance at June 30, 2020		$	56,275