WaveDancer, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 2 - Revenue from Contracts with Customers (Tables)

Note 2 - Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Disaggregation of Revenue [Table Text Block]

Contract		Year ended 12/31/2020								Year ended 12/31/2019
Type		Amount				Percentage				Amount				Percentage

Services Time & Materials		$	4,627,252				33.3	%		$	2,446,439				24.1	%

Services Fixed Price			194,505				1.4	%			434,058				4.3	%

Services Combination			476,629				3.4	%			231,122				2.3	%

Services Fixed Price per Unit			228,754				1.6	%			132,171				1.3	%

Third-Party Software			7,697,940				55.4	%			6,233,703				61.3	%

Software Support & Maintenance			545,991				3.9	%			660,926				6.5	%

Incentive Payments			132,000				1.0	%			26,562				0.2	%

Total Revenue		$	13,903,071							$	10,164,981

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

Contract Assets

Balance at December 31, 2019		$	-
Contract assets added			210,688
Balance at December 31, 2020		$	210,688

Contract Liabilities

Balance at December 31, 2018		$	318,552
Contract liabilities added			861,637
Revenue recognized			(715,966	)
Balance at December 31, 2019		$	464,223
Contract liabilities added			1,465,299
Revenue recognized			(982,638	)
Balance at December 31, 2020		$	946,884

Deferred Costs of Revenue [Table Text Block]

Deferred Costs of Revenue

Balance at December 31, 2018		$	294,115

Deferred costs added - maintenance			799,742
Deferred costs expensed			(640,250	)

Balance at December 31, 2019		$	453,607

Deferred costs added - maintenance			66,624
Deferred costs added - deliverables			41,161
Deferred costs expensed			(472,324	)

Balance at December 31, 2020		$	89,068